News

Home » Topics » Credit Union Magazine » Compliance

Compliance
Subscribe

Compliance: CFPB Supervisory Highlights note UDAAP violations

The CFPB released its Winter 2017 Supervisory Highlights recently, detailing issues currently on the bureau’s radar, as well as enforcement trends credit unions should be mindful of, most notably UDAAP in auto loan servicing, mortgage servicing and deposits.

Compliance|Policy & Issues

Compliance: Regulators update CECL FAQ document

The NCUA, along with other federal financial regulators, has posted a FAQ document on the CECL standard. CUNA has called on NCUA to provide credit unions with resources on CECL to aid in implementation.

Compliance|CU Rock Stars 2018

Finding her voice

Melanie Riedl leaves a mark on strategy, compliance, and financial literacy at University of Louisiana FCU.

Compliance

Taking a 'Community' response to compliance

'Periodically, I will read about something that happened at another credit union, and I’ll ask our supervisors or full staff, “What would you do in this situation if it happened here”?' says CEO Mark Baron of Fieldstone Credit Union.

Compliance

Ihrig: Complaints have become a ‘compliance event’

It’s no longer enough to take consumer complaint calls and strive for good service, says Jared Ihrig, CUNA’s chief compliance officer.

Compliance

The many outcomes of GRC

Governance, risk, and compliance (GRC) programs should improve overall performance, both operationally and strategically.

Compliance

Compliance: Beware the ‘litigation game’

‘Don’t wait for things to happen—have a plan,’ attorney advises conference attendees.

Compliance|CU Rock Stars 2017

Staying ahead of fraudsters

Alloya Corporate Federal Credit Union's Kumar routinely examines processes to identify and take action on system vulnerabilities.

Compliance|CU Rock Stars 2017

Putting members first

All decisions at Members Choice CU are made with member service in mind.

Compliance

Tighten up third-party contracts to mitigate cyberthreats

Credit unions should seek more timely disclosure of breaches.

Compliance

The business case for marijuana banking

‘We’re taking money off the streets,' says Sundie Seefried, CEO of Partner Colorado CU in Denver, where recreational marijuana is legal.

Compliance|Management

The chief risk officer’s skill set

The skills chief risk officers possess make them good CEO candidates, says Rochdale Paragon's Brian Hague.

Compliance|Management

GRC lessons learned from the Titanic

“How often are we overconfident in our business strategy and execution?” asks Michael Rasmussen, who addressed CUNA's Governance, Risk Management, and Compliance Leadership Institute.