Links in “Compliance Tips”
- Breaking Down New Remittance Transfer Rules
Don't get tripped up by thinking that a word in a regulation has the same meaning as the everyday vernacular or as another regulation. [7/11]
- Do You Know the Liability Risks of Your Social Media Program?
An industry legal expert identifies the specific legal risks that every credit union should know about and provides recommendations for enhancing your internal policies and procedures. [7/10]
- Dodd-Frank Readiness Guide Now Available
CFPB issues a Dodd-Frank Mortgage Readiness Guide to assist financial institutions with the new mortgage rules; guide also discusses the review process examiners will use to verify compliance and includes a âreadiness questionnaire.â [7/9]
- Best Practices for an Effective MBL Program
Doing an effective job in assessing creditworthiness and tracking performance on a regular basis are the two areas that may have the most impact on the health and success of your member business lending (MBL) program; this article provides good information on best practices that you can adopt at your credit union. [7/8]
- Does Reg. E Apply to Business?
Short answer: no. But there are steps you can do take to make sure it stays that way. [7/8]
- FTC Issues Guidance for Compliance with COPPA Rule Changes
The recent changes to the Childrenâs Online Privacy Protection Act went into effect on 7/1/13, and the FTC has now issued a âSix-Stepâ compliance plan to assist credit unions and others in their compliance efforts. [7/3]
- Breaking Flood Reform Rules into Manageable Waves
Recommendations for tackling the regulation in waves, with the highest priority/longest-lead time items sooner than later. [7/1]
- Reg. E Question: OK to Write Off Small Claims?
Sometimes it isn't cost effective to try and collect a $3 balance, for example; thoughts on how to handle such a situation from a Reg. E perspective. [7/1]
- Compliance as Optional Business Decision
For most institutions, compliance as a whole is considered a requirement, but the details of compliance are broken down into many smaller elements, many of which are considered optional. [7/1]
- CFPB’s Guide to Avoiding Enforcement
Want to avoid the Regulatory Sting: Self-Policing, Self-Reporting, Remediation and Cooperation. CFPB lays out clear strategies for every FI. [6/28]
