Links in “Compliance Tips”
- Being Bad: What Will It Take to Sustain the Credit Union Model?
A new white paper issued by the Filene Research Institute took a look at this question and came up with four surprising answers: 1)Â Have the stomach to be bad; 2)Â Avoid gratuitous service; 3)Â Design systems so the typical employee can be successful; and 4)Â Teach customers to behave differently. [10/28]
- CFPB Introduces Open Source Tool “eRegulations”
Agency launches a new open source tool called "eRegulations" to "help make regulations easier to understand." Tool is designed to make navigating federal regulations online easier. [10/24]
- Usage of Electronic Signatures on the Rise
Credit unions are becoming more comfortable with using electronic signatures and are finding that the convenience factor is resulting in a higher pull-through rate for loan applications. This article offers a series of tips you should consider before implementation. [10/11]
- Schedule of Regulations That Require Training?
Questioner asks if there is a schedule of regulations that require training and their required frequency. Here is the reply. Note: For AffirmX's Excel-based compliance training scheduling tool, contact us. [10/8]
- When Should Banks Consider Cloud-based Solutions?
How are clouds categorized, and when do cloud deployments make sense for financial institutions? [10/2]
- Calculating Rescission: Does Saturday Count?
Questionner asks if Saturday is a legal business day when issuing disclosures and calculating 3-day right of rescission. Here's the reply. [10/2]
- BYOD: Data Most Vulnerable When on Mobile Devices
Tips for avoiding common pitfalls of bring-your-own-device strategies. [10/1]
- A United Approach to Preventing Cyber Attacks
The Financial Services Sector Coordinating Council, a group comprised of representatives from all aspects of the financial services industry, is looking for a united approach to combating cyber attacks. Future guidance is expected to be issued from the regulators. [9/27]
- Hey, Respect Your Elders!
Guidelines on reporting of financial abuse of older adults generally laid out by regulators. [9/25]
- CFPB Provides Chart to Help Small Credit Unions Identify Qualified Mortgages
A new chart published by the CFPB is designed to help credit unions and other small mortgage lenders determine whether a mortgage they are considering meets the definition of a âqualified mortgage." [9/25]
