In the eye of the regulation storm with PolicyWorks’ Cindy Williams
According to PolicyWorks’ VP of Regulatory Compliance Cindy Williams, we are in the “in between” time when it comes to regulations — many having been implemented late last year and more coming down the tracks later in 2015. Cindy says now is a good time for credit unions to get caught up and get their ducks in a row to prep for the next regulation wave to ensure their compliancy. But to many CUs, this breather will be short lived because of the lack of resources and time to keep pace with the regulations is sometimes too much.
We address this issue, along with Cindy’s advice for credit unions feeling the regulation crunch and is this the new normal for the industry’s constant barrage of rules that seem to suppress many smaller FI’s member services potential and ability to attract new business. Well, we find out in this episode with Cindy, as well as much, much more.
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