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THE WORKS BlogCredit Union Compliance News & Views

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...

CTRs for thought

Here is a quick CTR reminder for your Friday. When a member deposits greater than $10,000 cash into a joint account, the CTR should be completed for all of the joint account holders. Why?...

In case you missed it

I grew up in a state that lives for college football. The focus in Nebraska on football Saturday is centered solely around the Nebraska Cornhuskers. There is not another in-state team to divide loyalties. As...