News Archives

CFPB rescinds pandemic-related flexibilities

As COVID-19 vaccines roll out and people return to their pre-pandemic work schedules, the obligations of compliance officers may also be returning to “normal” as some of the crisis-related flexibilities are reversed. Last week, the [...]

Jerry Maguire and ethics

Jerry Maguire and ethics

The blockbuster movie Jerry Maguire turns 25 this year, which means I’ve been saying “Show me the money” for longer than several of my colleagues have been alive. That stings as much as learning [...]

Nomination received for CUNA board special election

Nomination received for CUNA board special election

CUNA received its first nomination for the District 6, Class B special election: Seth Schaefer, president/CEO, Rivermark Community CU, Beaverton, Ore. Two CUNA Directors recently announced their resignation from the Board of Directors:  in [...]

NAFCU-supported bill to reform CU governance policies introduced in House

NAFCU-supported bill to reform CU governance policies introduced in House

House Financial Services Committee members Tom Emmer, R-Minn., and Ed Perlmutter, D-Colo., Thursday introduced NAFCU-sought legislation that would improve existing language in the Federal Credit Union (FCU) Act related to expulsion in order to protect [...]

U-turn: CFPB rescinds policy statement on abusiveness

U-turn: CFPB rescinds policy statement on abusiveness

On March 11, 2021 the Consumer Financial Protection Bureau (CFPB) announced it was rescinding a policy statement it had issued in January 2020. The rescission of this policy statement could have a significant impact on [...]

Compliance Corner: Litigation threats abound

Compliance Corner: Litigation threats abound

Creating a sound and compliant overdraft program has always been the goal. Since the 2005 Final InterAgency Guidance was published, regulatory examiners were typically the only people who reviewed these programs. Maybe the financial institution [...]

Hybrid workplaces are the future of work

Hybrid workplaces are the future of work

The year-long experiment in remote working is wrapping up as COVID-19 vaccines roll out, and the debate around where people work is heating up. On one extreme you have GitLab, a company that has been [...]

The difference between power, force

The difference between power, force

I recently wrote about how setting high expectations is good for your team – doing so essentially sets the stage for self-fulfilling prophecies. But while you can communicate what you want your employees to achieve – and [...]