The importance of website compliance
Websites play a key role as credit unions communicate with both prospective and current members. The website is a virtual front door, the online equivalent to walking into a physical branch. In the same way [...]
PolicyWorks LLC News Archives
Keeping your website compliant
Your website is front and center when it comes to your credit union’s communication with prospective and current members. That prominence and visibility make it critical that everything on your site is accurate and [...]
Seven keys to compliance management
When it comes to the critical credit union priority of compliance, you have to do it right. With a compliance management system (CMS), you can stay on track and be sure you are remaining compliant. [...]
Bridging the compliance talent gap
Among the many transformational changes that have surrounded regulatory compliance for credit unions over the past decade has been an ever-growing need for staff members with comprehensive compliance backgrounds. The amount of qualified people has [...]
Compliance is the baseline for credit union diversity-equity-inclusion programs
As credit unions increasingly embrace diversity, equity, and inclusion (DEI) initiatives and seek to better represent and serve their ever-changing communities, understanding the regulatory components that touch such initiatives is an important starting place. For [...]
Compliance and operations: Stronger together
Hello readers! My name is Anthony Kirt Cooper, and I am proud to be a new Compliance Consultant on the PolicyWorks team. I began this next step in my career in early September after moving [...]
5 ways to ensure TRID compliance for credit unions
TRID rules and regulations are designed to give consumers a clear and easy to understand picture of the costs involved in a mortgage. Credit unions need to navigate these rules very carefully in order to [...]
A closer look at private flood insurance – The compliance aid provision
I know everyone groans when the issue of flood insurance comes up – but here is a quick and easy summary of an important update. As of July 1, 2019, credit unions are now required to [...]
Watch for these red flags to spot elder financial exploitation
Financial exploitation of the elderly is a serious problem that is hard to recognize but important to address. It can have a large financial impact, on average costing each victim thousands of dollars. Credit unions [...]
Keeping your website compliant
Websites have become a crucial part of credit union member service. In addition to providing an entry-point for online banking services, members can use the credit union website to find helpful information, open new accounts, [...]
Cybersecurity: The biggest threat to credit unions and their members
The financial services industry is changing, and quickly. From new technology to increased regulation, credit unions are experiencing the effects of these changes each day. On top of that, credit unions are facing threats now [...]
Why credit unions are utilizing compliance management systems
Managing compliance is a complicated undertaking for credit unions of any size. The roster of regulations affecting credit unions continues to grow, with hundreds of pages of new rules added each year. Monitoring all areas [...]
Key NCUA compliance targets you need to know
Two of the top NCUA compliance priorities this year are the Bank Secrecy Act’s Beneficial Ownership regulations and the HMDA (Home Mortgage Disclosure Act) Fair Lending rules. These are two of the topics addressed [...]
A case (study) for boosting compliance capabilities
No doubt about it, credit union compliance is complicated. Just ask Katie Elliott, vice president of risk management and compliance at Stanford Federal Credit Union. When Katie was hired two years ago, the $2.6 [...]
Four tips to reducing social media compliance risk
Credit unions often tell us they run into trouble when it comes to their social media, creating friction between the marketing team and the compliance team. Social media is a great way to reach members [...]