The world of music lost a great icon this week with the passing of Tom Petty; and I have to admit I am a little too young to remember those good ole days, but that doesn’t mean I didn’t enjoy hearing those soulful sounds. Kansas, Boston, Tom Petty, and the other greats were constantly playing in my garage growing up as my dad worked on his latest carpentry masterpiece. These classics have just moved from my childhood garage to the earbuds at my desk as I jump into the great wide open of the compliance world.
I think Tom said it best in that we are out in the great wide open, rebels without a clue. A lot of us can relate to this feeling, can’t we? It seems like every day there is some new alert about another proposed or final rule. Heck, I was just made aware of NCUA’s proposal to make some changes to their “Accuracy of Advertising and Notice of Insured Status” rules. Now this proposal is looking to provide a little relief (Praise the Compliance Gods!), but it is still something we should address. It is another task that gets added to the plate. It gets to the point where we feel like we are free fallin.
But hey baby, there ain’t no easy way out. The regulations are there and there is no avoiding them. So that means we must be that compliance rebel and jump into it even if we don’t have a clue. I say it all the time, whether it be in a blog post or in one of my trainings, you can only control what you can control. You are not going to solve all the issues with one big chop of the ax. That means you need to start with what is important, and just do what you can with the resources and tools you have. And like any good rebel, speak up when you don’t agree. Reaching out to your local representative, submitting comments when a proposed regulation comes out, are all great ways of making a difference.
At the end of the day our ultimate goal is providing our members with the financial resources they need to help run down their dream. That is why we need to continue to stand our ground, and not back down.