Compliance: CUNA updates MLA fee comparison spreadsheet
CUNA compliance staff has updated its Military Lending Act (MLA) fee comparison spreadsheet for the second quarter of 2018. The resource can be found in CUNA’s Compliance Community under ...
The latest from John Pettit
Berger: Loosening Volcker rule for big banks is ‘risky’
NAFCU President and CEO Dan Berger is urging federal banking regulators to not move forward with a rulemaking to loosen Volcker rule requirements as doing so “would revive the risky ...
7 key risks of funding benefits programs
If you’re a credit union executive or board member, you’re probably familiar with the seven key risks identified by the NCUA: credit, interest rate, liquidity, transactional/operational, compliance, ...
Federal judge strikes down CFPB structure
A federal judge in New York ruled Thursday that the makeup of the CFPB violates the constitution because it is governed by a single director who only can be removed ...
Is financial health ‘a’ thing or ‘the’ thing?
“We are living in an ‘on your own’ economy.” That’s how Jennifer Tescher kicked off the 2018 Emerge conference on financial health. Tescher, CEO of the Center for Financial ...
Plain English reading of S.2155’s ID retention provision
Since the passage of S.2155, the compliance team has received many questions regarding the use and retention of identification documents for accounts opened or financial services offered online. As ...
Top reasons to automate accounting and reconciliation
Most financial institutions use an accounting system to automate general ledger and accounting processes. But it often stops there. Reconciliation and certification processes – essential to an accurate and compliant financial ...
7 ways to keep your emotions in check
I’ve spent a lot of time in this blog writing about emotional intelligence – the ability to recognize and manage your own emotions as well as those of the people ...