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The WORKS BlogCredit Union Compliance News & Views

A 1% Transaction Tax…What?!

There has been a lot of chatter and concern recently concerning The Debt Free America Act (H.R. 4646), primarily focusing on the fact that enactment of this proposal is imminent.  If you haven’t heard,...

The Round Up

Are you rounding your CTRs to the next whole dollar? The instructions on the CTR indicate that when a transaction “less than a whole dollar amount is involved, increase that figure to the next...

Are clarity and uniformity really necessary?

In some cases, proposed revisions to regulations may be beneficial to provide clarity and uniformity. The recently proposed mortgage rules may be one of these cases, given that we are often asked what changes to a closed-end,...

S.A.F.E. Act Education Requirement?

I’ve recently heard from several concerned credit unions regarding the supposed training and licensing requirements under the Secure and Fair Enforcement for Mortgage Licensing Act (S.A.F.E. Act). Apparently some credit unions are being told that...