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 [...]
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 [...]
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 [...]
Now that we’ve hit the 2019 Compliance Season, I like to think of 2018 as the proverbial “calm before the storm.” What last year may have seemed like a walk in the park with [...]
This week I think I will hold off on the 80s and 90s pop culture references and overall nostalgia and relate a common thread that most compliance folks may relate too. I am new to [...]
In the 80s, an enormous sword and super-cool catch phrase transformed mere mortals into superheroes. I know – I watched it happen every Saturday morning over a heaping bowl of Cap'n Crunch. What does this have [...]
Have you ever seen the movie “Over the Top” starring Sylvester Stallone? If you haven’t, I suggest you look up this nostalgic 80s film about the world of professional arm wrestling. Stallone plays a [...]
As a kid, I watched about every iteration of the Scooby Doo cartoon series. I loved the art of the mystery, finding the clues, and then solving the case. I also thought Scooby Doo and [...]
Not to show my age, but like many, I happen to be a child of the 90s. I was reminded of that this past weekend when an “I Love the 90s” group of recording artists [...]
Trying to keep up with compliance these days can feel as if you might be running in circles, or if you are like me, paying the price in the form of an abundant loss of [...]
If your childhood was anything like mine, your parents were terrified at the prospect of you leaving the nest before you knew the basics. Dicing an onion, fixing a flat tire, avoiding streaks on a [...]
Trying to keep up with compliance these days can feel like you might be running in circles, or if you are like me, trying to keep up has caused an abundant loss of hair. New [...]
In the summer of 2013, the CFPB published their Supervisory Highlights, which included their expectations for financial institutions needing to implement an effective compliance management system (CMS). As a part of these Highlights, the CFPB [...]
Fine-tooth comb compliance strategies are becoming more common across the credit union movement – and for good reason. Today’s regulatory environment accepts nothing less than great attention to detail from staff across all departments. Credit [...]
