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		<title>Free Grant Webinar for Low Income Designated Credit Unions</title>
		<description><![CDATA[If you remember last summer, NCUA’s Office of Consumer Protection notified over 1000 federal credit unions across the country of their eligibility for low income designation.  NCUA’s initiative was in part due to President Obama’s relief and recovery package to help drought stricken states across the country.   Many of you accepted the designation; however, do [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/16/free-grant-webinar-for-low-income-designated-credit-unions/</link>
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		<title>Qualified Only</title>
		<description><![CDATA[The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to purchase only qualified mortgages as of January 10, 2014. For those of us that follow the secondary mortgage market and compliance regulations, this shouldn&#8217;t be much of a surprise.   The new CFPB rule allows for loans to be underwritten as either [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/14/qualified-only/</link>
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		<title>The Final Final Remittance Transfer Rule</title>
		<description><![CDATA[It’s here! Last week the CFPB issued the new final version of the remittance transfer rule. The final rule, which was originally supposed to be effective in February, has now been re-issued. The CFPB has given financial institutions additional time to comply with the rule so the new effective date is October 28, 2013. This [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/10/the-final-final-remittance-transfer-rule/</link>
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		<title>FinCEN Issues SAR Information</title>
		<description><![CDATA[FinCEN released its 18th issue of its SAR Activity Review: &#8220;By The Numbers&#8221; and its 23rd Issue of SARs: &#8220;Trends, Tips &#38;Issues&#8221; today. The documents are full of useful information with respect to filing suspicious activity reports. Here are just a couple examples of what you will find: The report discusses elder financial exploitation and [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/08/fincen-issues-sar-information/</link>
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		<title>CUNA Update School Follow Up</title>
		<description><![CDATA[This blog post is a follow up to the mortgage compliance sessions at the CUNA Update School in New Orleans. During the session I received three questions on the new mortgage rules which needed some additional research. Below are the three questions with some information and answers. The answer to #1 is still unknown. I [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/03/cuna-update-school-follow-up/</link>
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		<title>Our Team</title>
		<description><![CDATA[We are excited to announce a new addition to the PolicyWorks team as well as introduce our new Director of Compliance Solutions! We welcome Chris Haner to the PolicyWorks team as a Compliance Officer. Chris works with individual credit unions to develop, update, and administer their compliance programs. Chris’s work includes developing and reviewing compliance procedures, [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/05/02/our-team/</link>
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		<title>New Fair Lending Policy!</title>
		<description><![CDATA[Last week we released our quarterly update to PolicyAid, our online policy solution.    We included a new Fair Lending Policy to assist both federal and state chartered credit unions with their fair lending program.  This new policy was developed in light of NCUA’s recently published Fair Lending Guide.  In addition, we’ve updated a few of our [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/30/new-fair-lending-policy/</link>
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		<title>C is for CUCE</title>
		<description><![CDATA[At PolicyWorks we have a passion for compliance, and we strive to provide credit unions with effective guidance for managing their compliance programs.  We are constantly studying regulations; both new and old.  We dissect them, interpret them, and advise credit unions as to how to implement their requirements. To further enhance our credibility- and to [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/25/c-is-for-cuce/</link>
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		<title>Proposed Clarifications to Ability to Repay/QM and Mortgage Servicing</title>
		<description><![CDATA[On Friday April 12th the CFPB issued proposed clarifications to the escrow rule.  Last friday, they issued proposed clarifications to the Ability to Repay / QM Rule and the Mortgage Servicing Rule.    You are probably thinking &#8220;oh no!  It&#8217;s the remittance transfer rule all over again!  Why can&#8217;t they get it right the first time!&#8221;  Given how [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/22/proposed-clarifications-to-ability-to-repayqm-and-mortgage-servicing/</link>
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		<title>Have You Heard? Credit Insurance Changes June 1st</title>
		<description><![CDATA[If you’ve had a question recently about calculating fees or premiums for credit insurance products connected with a residential mortgage loan or HELOC secured by the consumer’s principal dwelling, you are not alone. The Dodd Frank Act prohibits a creditor from financing directly or indirectly credit insurance for these types of loans except when the [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/16/have-you-heard-credit-insurance-changes-june-1st/</link>
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		<title>Good News</title>
		<description><![CDATA[We have good news! The CFPB has released the first of several tools to help financial institutions comply with the new mortgage rules. Yesterday the CFPB released the Small Entity Compliance Guide for the Ability to Repay/Qualified Mortgage rule. You can access the guide here. The CFPB&#8217;s blog post announcing the guide may be accessed [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/11/good-news/</link>
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		<title>Loan Workout, Nonaccrual and TDR Guidance Released</title>
		<description><![CDATA[As of October 1, 2012, each federally insured credit union had to adopt written policies addressing loan workouts.   A credit unions loan workout policy and practices should be commensurate with the credit union’s size and complexity and coincide with the credit union’s risk mitigation strategies.  Seems simple enough; however, questions were still lingering for both [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/10/loan-workout-nonaccrual-and-tdr-guidance-released/</link>
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		<title>CTRs</title>
		<description><![CDATA[We have reached the day where the old legacy BSA forms are no longer accepted. So, to welcome the new forms in, I thought I would provide you all with a little insight into one very common mistake I have seen while conducting independent tests. Make sure to double check your CTR 112 forms to [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/04/02/ctrs/</link>
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		<title>Live from Iowa</title>
		<description><![CDATA[This week the Consumer Financial Protection Bureau was in our home state of Iowa to release the expanded consumer complaint database. During the CFPB&#8217;s visit to Iowa, some of our credit unions had a chance to meet with Director Cordray and some of his staff. It was a great opportunity and we appreciate that the CFPB is out in the field gathering [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/03/29/live-from-iowa/</link>
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		<title>Another Free NCUA Tool!</title>
		<description><![CDATA[NCUA recently created and released a new Fair Lending Guide.  The guide was included in Letter to Federal Credit Unions, 13-FCU-12; however, state chartered credit unions can definitely take advantage of the guide as well.    NCUA supervises and enforces fair lending laws and regulations at federal credit unions and is also in a position [...]]]></description>
		<link>http://www.theworksblog.com/index.php/2013/03/20/another-free-ncua-tool/</link>
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