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Same Day ACH: Moving Payments Faster

Today, most ACH payments are settled on the next business day, but changes are coming that will enable ACH Originators the option of same-day processing to accounts at any receiving financial institution (RDFI). That...

The Gift that Keeps on Giving

The CFPB published a mortgage rule yesterday.  If you feel as though you’ve read that here before, it’s because you probably have.  Multiple times, in fact. In a previous post I mentioned that a proposed...

The Butter Cow Approach to Compliance

My favorite event of the year is only a few days away – the Iowa State Fair! You know… the Butter Cow, fried food on a stick and the requisite people-watching activities. And, there...

Guidance To Keep Compliance in Check

I have come to realize that helpful hints, tips, or guidance come in useful in life. I am pretty sure I would have flooded our house recently, if it weren’t for an online video...

Responding to Consumer Complaints

Recently, several projects led me to the NCUA for guidance regarding complaint handling. Complaint management is an important component to an effective compliance management system, helping to ensure compliance with federal financial consumer protection...

Checking in on Compliance

My wife and I welcomed our first child recently, and it has been a great experience, albeit, a big learning experience. Learning all the things that come along with a newborn has been fun...

Remember “Redlining”?

Years ago, redlining was a name used for the discriminatory practice where people living in certain areas or neighborhoods were not given the same access to credit as people in other areas. The term “redlining”...