Regulatory Compliance
Login
THE WORKS BlogCredit Union Compliance News & Views

Compliance committees: the new punishment

Recently it seems that the punishment for financial institution compliance violations is to establish a Compliance Committee, which is discussed in this order for one bank regarding a $2 million penalty and in this agreement for another bank regarding a $33 million penalty. I...

WANTED: A few good compliance officers

In order to serve credit unions’ compliance needs, we have to continue to build our PolicyWorks team. So, we pose the question… Do you eat, sleep and breathe compliance? We are in search of a...

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...