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The WORKS BlogCredit Union Compliance News & Views

Is Dodd-Frank Here to Stay?

Well, some are now saying that the recent healthcare reform fiasco in the House is a look into the crystal ball for the possible future of any kind of Dodd-Frank overhaul. People with their ear...

Are Your BSA Procedures Up to Snuff?

Everyone knows credit unions must conduct independent BSA testing every 12-18 months. A credit union must consider their own size, complexity, and controls to determine if stretching out to 18 months makes sense. I...

Same Old Stuff, Just a Different Day

Many of you are probably not self-proclaimed “Compliance Nerds” like myself, so you probably didn’t receive the email blast about the CFBP’s most recent action. Yes, I do receive email updates from the CFPB....

Dear Examiner – I Respectfully Disagree!

There comes a time in every compliance officer’s career when an examiner makes a statement, or worse yet, identifies a regulatory finding that you don’t agree with. When this happens, you may wonder just...

Who Are You Relying On?

This is a good question to ask yourself as you start preparing for the new data points that are required with the HMDA changes in 2018. Up until now HMDA data has been pretty...

Better Safe than SARy

FinCEN has required the filing of Suspicious Activity Reports, or SARs, for quite some time now. And, because of annual training requirements, and simply a matter of operations, credit union staff are generally quite knowledgeable with...

Patriot Games

I apologize to those Bostonians out there when I say that there is something about those New England Patriots that rubs me the wrong way. I will follow that up though with a little...