CFPB amends TRID to fix so-called “black hole”
The TILA-RESPA integrated disclosures rule (TRID) is quite a way to start a Monday morning, so I apologize in advance. On Thursday, April 26, the CFPB issued a long-awaited amendment ...
The latest from John Pettit
Compliance: CDD rule electronic certification form available
With less than two weeks remaining before the Treasury’s Financial Crimes Enforcement Network’s (FinCEN) customer due diligence (CDD) becomes effective May 11, FinCEN has made its electronic CDD ...
This week: NAFCU, CUs keep up grassroots push on reg relief; FOMC meets
With both the House and Senate back in their home states for a district work week, NAFCU encourages member credit unions to contact their representatives and keep up the pressure ...
Millions of dollars on the line
Costs related to data breaches could cost a credit union in the millions of dollars—a huge liability typically not covered under a CU’s general liability coverage. That’s ...
Success starts with how you think
How we think directly corresponds to how we act. Truly successful leaders understand the power of thought and how positive thinking drives an optimistic attitude, which more often than not ...
Behavioral economics and credit unions make a fine pair
Credit unions live and die around the idea of putting members first. Now, there’s an emerging field of academic study that offers actionable insight on how credit unions can ...
Time is short for FASB amendment compliance
Is your credit union prepared to respond to the Accounting Standards Update 2016-01, recently amended by the Financial Accounting Standards Board? On Feb. 28, FASB issued six amendments to the ...
Is there a cost to convenience?
The financial sector has been on a mission to redefine the experience it provides. Companies continue chasing new channels, faster technologies, less friction in the customer journey and any other ...