Today marks the 80th anniversary of the Federal Credit Union Act, signed by President Roosevelt on June 26, 1934. The Act established a federal system of nonprofit, cooperative credit unions and governs the coverage...
Section 1026.36(f)(3)(iii) of Regulation Z requires credit unions to provide their loan originators with periodic training covering Federal and State law requirements that apply to the individual originator’s loan origination activities. What training will...
And so is PolicyWorks! I will be presenting @TMG’s 2014 Executive Summit to discuss the future of compliance as it relates to payments including mobile financial services.
NACHA’s Risk Management Advisory Group (RMAG) last month issued a new resource for financial institutions to monitor and asses companies that may present a higher than normal risk profile when they initiate ACH transactions. ...
Is your credit union considering a merger? To expand on Erin’s post from earlier this month… The National Credit Union Administration’s Office of Small Credit Union Initiatives recently released a new resource to help credit unions...
Following the warning in January NCUA has started the process of assessing civil money penalties against credit unions that failed to file the call report on time. NCUA is reviewing each late filing to determine...
On May 6th, the CFPB issued proposed amendments to the 2013 mortgage rules under Regulation Z (click here to read the proposed rule). Of particular importance to credit unions is the proposed cure mechanism...
While grilling out over the Memorial Day weekend, some friends and I got onto the topic of elder abuse. Over half of the people involved in the conversation had an elderly family member that...
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