A few weeks ago, I wrote a blog post on how to write an effective comment letter. With the sheer volume of proposed rules and regulations, it is imperative for credit unions to use...
Financial institutions were recently reminded of the importance of ensuring marketing materials, products, and services are not unfair, deceptive, or abusive. This month the CFPB ordered Bank of America to pay $727 Million in...
Have you begun to look over the new requirements for the TILA-RESPA integrated disclosure rule? If not, don’t worry to much, yet. This rule was finalized and released in November 2013. This rule becomes...
One of the things PolicyWorks continues to assist our credit union clients with is wading through the deep waters of mortgage regulation. As CFPB Director Richard Cordray has acknowledged, many of the business practices...
One of my favorite things about being a part of the credit union movement is the cooperative spirit; how everyone has a voice and a chance to be heard. A great example of this...
There has been a lot of chatter lately by the CFPB about prepaid cards and payroll cards (which are generally a form of a reloadable prepaid card used by an employer). We should expect a...
The proposed rule on everyone’s mind is NCUA’s recent Risk-Based Capital rule. This proposal would apply to federally insured, natural person credit unions with assets over $50 million. It will potentially have the greatest impact...
Social media is here to stay, have you adapted your marketing efforts? The Federal Financial Institutions Examination Council (FFIEC) released final guidance late last year on the applicability of consumer protection and compliance laws,...
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