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THE WORKS BlogCredit Union Compliance News & Views

What is the CFPB?

There has been a lot of talk lately about the new CFPB, but many are still confused (rightfully so) on what it is, what it will be doing, and how it will impact credit...

Don’t be left out

It seems everyone is writing about interchange this week. So, for fear of being left out and ignoring the fact that there is a subcommittee hearing on interchange today, I am taking this opportunity...

Weak BSA program? You better have deep pockets!

Last Friday FinCEN released yet another “not so gentle” reminder of the importance of the Bank Secrecy Act and the penalties that can be assessed if a financial institution neglects to enforce it. FinCEN...

Some Good News…

I know it can sometimes seem that as soon as you have complied with a new regulation you turn around and there is yet a newer regulation that must be implemented. It feels like...

Ready, set, register!

As promised, the Nationwide Mortgage Licensing System and Registry (NMLS) website opened-up yesterday to Mortgage Loan Originators (MLOs) to begin the registration process!  The Federal financial regulatory agencies were supposed to publish an announcement...