The world of music lost a great icon this week with the passing of Tom Petty; and I have to admit I am a little too young to remember those good ole days, but that doesn’t mean I didn’t enjoy hearing those soulful sounds. Kansas, Boston, Tom Petty, and the other greats were constantly playing in my garage growing up as my dad worked on his latest carpentry masterpiece. These classics have just moved from my childhood garage to the earbuds at my desk as I jump into the great wide open of the compliance world.
I think Tom said it best in that we are out in the great wide open, rebels without a clue. A lot of us can relate to this feeling, can’t we? It seems like every day there is some new alert about another proposed or final rule. Heck, I was just made aware of NCUA’s proposal to make some changes to their “Accuracy of Advertising and Notice of Insured Status” rules. Now this proposal is looking to provide a little relief (Praise the Compliance Gods!), but it is still something we should address. It is another task that gets added to the plate. It gets to the point where we feel like we are free fallin.continue reading »