Regulatory Compliance
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Dividends of Compliance

I recently spoke with a federal credit union that was interested in offering a product they would call “Interest Checking.”  It would be a standard checking account, but it would also pay a return...

E-Sign can be Fine

Shortly after Al Gore invented the internet, the E-Sign Act was signed into law.  But, despite the requirements being in place for more than 15 years, many credit unions continue to struggle with methods...

Thar’s Gold in Them Thar Hills!

A recent report by the Financial Action Task Force identified gold as an increasingly common method of money laundering and terrorist financing. Why? Because it is anonymous and easily exchangeable. The process often involves...