Risk

Compliance

By E.C. Harrison | Oct. 26, 2020

A host of new threats and vulnerabilities have arisen with the move to remote working. For this Cybersecurity Awareness Month, credit union security experts share seven tips on how to stay safe.

By Callahan & Associates | July 24, 2020

Data and insight from Callahan & Associates and industry suppliers.

By Marc Rapport | June 15, 2020

Responding to the pandemic is helping this Evergreen State cooperative test its appetite for risk and its ability to adapt.

 

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By ACES Risk Management (ARMCO) | April 27, 2020

The new ACES Consumer platform from ARMCO automates audit and compliance processes while adding visibility and efficiency.

By Rebecca Wessler | Feb. 18, 2020

Five can't-miss data points this week on CreditUnions.com.

By Marc Rapport | Feb. 17, 2020

A committee approach allows the Washington cooperative to manage to an appropriate risk level while being a champion for members’ financial well-being.

By SWBC | Nov. 4, 2019

Properly vetting third-party collectors can ensure laws are followed and members are treated fairly.

By CU Student Choice | Sept. 19, 2019

A patchwork of varying requirements is emerging as a growing list of states create their own rules and regulations.

By SWBC | Aug. 5, 2019

Consumer protections apply equally to in-house and outsourced collections teams, and training for compliance should be a priority.

By Callahan & Associates | July 29, 2019

Data and insight from Callahan & Associates and industry suppliers.

By SWBC | June 3, 2019

Having a system in place helps effectively address causes and lowers the risk of reputational damage.

By Callahan & Associates | Aug. 9, 2018

Data and insight from Callahan & Associates and industry suppliers.

By Marc Rapport | July 18, 2018

Enterprise-wide awareness at Heartland Credit Union helps the Illinois cooperative stay in step with regulatory rule-following.

By Marc Rapport | Jan. 18, 2018

ADA website demand letters and lawsuits leave the movement seeking regulatory relief through more regulation.

By Rebecca Wessler | Sept. 25, 2017

Five can't-miss data points featured this week on CreditUnions.com.

By Callahan & Associates | Aug. 11, 2017

Data and insight from Callahan & Associates and industry suppliers.

By Ian Melhorn | Aug. 11, 2017

Who’s new to the ranking tables, which auditors are moving up the leader boards, and what does market share by region look like?

By Kaufman & Canoles | June 19, 2017

Any time a debt collector or a creditor communicates with a consumer on a debt, it is important to first review federal and state laws.

By Ian Melhorn | May 29, 2017

Analytics and technology are supporting a new wave of automated compliance and risk decisioning. Is your credit union ready to take the leap?

By Marc Rapport | April 28, 2017

Trade lobbies and compliance consultants say it isn’t just regulations that seem frozen, and what follows the thaw?

By Matt Taylor | April 10, 2017

Credit unions should consider moving from mere compliance checks to constant portfolio analysis. Here’s how to do that.

By Erik Payne | April 3, 2017

The NCUA wasn’t updating its questionnaires for internal compliance reviews fast enough. So the New Hampshire credit union created its own.

By Elan Financial Services | March 6, 2017

While the new administration and Congress could change the CFPB, the bureau’s rules remain in effect and should be the subject of careful compliance.

Partner Perspective
The Importance Of FCRA Compliance

By Kaufman & Canoles | Oct. 17, 2016

Stiff potential penalties underline the need to maintain and adhere to up-to-date compliance programs.

By Marc Rapport | June 27, 2016

Day two at ACUC sees focus on polling, projects, the regulatory burden, and how to compete.

By Liz Furman | June 13, 2016

Risk managers monitor disparate areas of the credit union. For key ratios to follow, start with the measures that correspond to the risk indicators outlined by the NCUA.

By Callahan & Associates | June 8, 2016

Data and insight from Callahan & Associates and industry suppliers.

From auditor to trusted adviser – traditional internal audit roles are taking a backseat when it comes to providing credit unions with relevant insights and valuable advice.

By Marc Rapport | May 2, 2016

Improving processes and building relationships with regulators are two ways credit unions can ease compliance pain.

By Marc Rapport | May 2, 2016

The growing role of credit union service organizations in providing scale and expertise has caused increased scrutiny from the industry regulator.

By Sharon Simpson | May 2, 2016

There is no one-size-fits-all approach when it comes to ensuring the safety of a credit union. That’s why leaders must understand the ins and outs of different strategies before selecting the best fit.

By Rebecca Wessler | May 2, 2016

It's no secret the compliance burden on credit unions has increased in recent years. But exactly how much regulation has there been? And what are institutions doing to ease the burden?

By Marc Rapport | April 11, 2016

Belvoir Federal Credit Union’s tech specialists have developed an automated escheatment system to swiftly clean up old accounts.

By Marc Rapport | Dec. 28, 2015

Credit unions and CUSOs share how they tackle the burden of compliance, contract management, and more when it comes to working with third-party providers.

By Rebecca Wessler | Dec. 21, 2015

This week, CreditUnions.com runs down some of our best and most actionable content from 2015. Use these programs and initiatives to provide a creative spark for 2016.

By Marc Rapport | Dec. 21, 2015

Innovative credit unions increase security and functionality and ratchet up the marketing to make their mark in mobile banking.

By Erik Payne | Dec. 21, 2015

Eight strategies and lessons from credit unions show how to handle compliance and risk concerns.

By Elan Financial Services | Nov. 30, 2015

What are common compliance pitfalls a credit union can fall into?

By Kaufman & Canoles | Nov. 16, 2015

The fine print counts, so here are some common terms found in commercial loan documents spelled out in plain English.

By E.C. Harrison | Nov. 11, 2015

Experiences in high-tech manufacturing, small business services, and the rodeo have prepared Kim Alexander, executive vice president and chief financial officer of Warren Federal Credit Union, for her role at a high-growth credit union.

Communication with real estate partners and with members will make disclosure changes less of a barrier to getting a home purchase closed.

By Callahan & Associates | Oct. 21, 2015

A monthly collection of Callahan content that, together, addresses a single topic from a variety of perspectives.

By Kaufman & Canoles | Sept. 21, 2015

Here’s a list of specific ways that credit unions can and cannot compensate their board volunteers.

By Callahan & Associates | Sept. 1, 2015

A monthly collection of Callahan content that, together, addresses a single topic from a variety of perspectives.

By Marc Rapport | Aug. 31, 2015

Cost reductions, process efficiencies, and compliance comfort are some of the benefits of a holistic, vigorous new approach.

By E.C. Harrison | Aug. 31, 2015

In this Q&A, Kristen E. Edmundson, vice president of audit and compliance at Purdue Federal Credit Union, shares her perspectives on pain points, best practices, and the future of vendor management.

By Erik Payne | July 2, 2015

Reducing compliance costs can save credit unions thousands of dollars annually and help smaller institutions remain independent.

By Marc Rapport | June 29, 2015

An abundance of devices, each with their own respective compliance unknowns, has muddied the waters for many financial institutions. Here’s how to get clarity.

By Susan Levi Wallach | June 22, 2015

A try-before-you-buy fellowship program allows DCU to assess the value of new legal resources.

By Marc Rapport | June 4, 2015

Configurations, cooperation can help IT security managers dodge “resume-producing moments".

By Marc Rapport | June 3, 2015

CU InfoSecurity Conference speakers warn of thermostats, copiers, video cameras, and that old PC in the conference room.

By Marc Rapport | May 28, 2015

After big fine on big bank, bureau’s blanket probe of credit union core processor NSF settings raises eyebrows and call for self-examination.

By Kaufman & Canoles | May 18, 2015

These four lawsuits can provide valuable lessons to the industry.

By Tim Mislansky | May 7, 2015

TILA/RESPA integrated disclosure is so much more than a disclosure regulation. Many believe it will be a bigger deal than the Qualified Mortgage rule from January 2014.

By Sharon Simpson | May 5, 2015

Six small credit unions have projected more than $200,000 in compliance costs savings over the next two years with their new CUSO — and they say that’s just the beginning.

By The Rochdale Group, Inc. | May 4, 2015

Your risk management processes may be fine today, but are they sufficient to lead you tomorrow?

By Rebecca Wessler | May 4, 2015

Credit unions reeling after the regulatory tsunami and uncertainty in the interest rate market might find comfort in the data, advice, and best practices featured this week on CreditUnions.com.

By Rebecca Wessler | April 25, 2015

Wayne Hood, senior vice president and chief legal officer at ORNL Federal Credit Union, reflects on his leadership style, sources of inspiration, and the potential for some mutually beneficial alliances with banks.

By Chris Howard | April 23, 2015

Legal battle and years of uncertainty could follow a final rule like this.

By Chris Howard | April 20, 2015

This "fundamentally flawed" policy actually creates a capital problem.

By Rebecca Wessler | Feb. 23, 2015

This week, CreditUnions.com offers practices, lessons, and educational resources for the men and women charged with managing the financial risks of their credit unions — the CFOs.

By Marc Rapport | Feb. 19, 2015

Core processing pundits say Temenos will be a worthy competitor in the U.S. credit union market. The Swiss company just bought Akcelerant, a long-established provider of ancillary solutions to several hundred credit unions.

By Callahan & Associates, Inc. | Jan. 27, 2015

Callahan chairman Chip Filson argues against the revised risk-based capital proposal.

By Callahan & Associates, Inc. | Jan. 27, 2015

Callahan chairman Chip Filson and senior analyst Andrew Bolton explore the changes to NCUA's proposed risk-based capital rule.

By Marc Rapport | Jan. 8, 2015

College football game a sign of things to come? Some vendors jump in, others stay on sidelines as bitcoin usage grows.

By Marc Rapport | Dec. 18, 2014

IT security experts see attacks ranging from card breaches to HELOC account wire fraud in the year ahead. Some prevention tips are included.

By Chris Howard | Dec. 17, 2014

The fact an examiner jeopardized sensitive data from $13.1 million Palm Springs FCU is appalling at so many levels.

By Marc Rapport | Dec. 11, 2014

Integrated mortgage disclosures top list of regulatory changes approved or under consideration in the year ahead.

By Marc Rapport | Nov. 18, 2014

Regulatory council offers recommendations after summer assessment of 500 community financial institutions.

By Janet Lee | Nov. 14, 2014

Credit unions can focus on resolving member complaints to improve the member experience and avoid CFPB action.

By Marc Rapport | Nov. 3, 2014

Mobile banking, the regulatory burden, terror financing and even the interchange cap were fair game on opening day at Money 20/20.

By Kaufman & Canoles | Oct. 20, 2014

It’s very easy to allow key requirements to fall through the cracks. Careful due diligence and competent legal representation are critical for a credit union to make its loan participations a success.

By Marc Rapport | Sept. 25, 2014

Coming compliance change would add new heft to “know your customer” rules for business, organizational accounts.

By Aaron Pugh | May 22, 2014

Data aggregation and a proactive culture are the two biggest tools a credit union has to safeguard itself from the risk of fair lending noncompliance.

By CU Rx | May 19, 2014

Maximize your credit union’s social success while avoiding the compliance headache.

By Erik Payne | May 8, 2014

How many credit unions are merging and what does it all mean?

By COMPASS 4 CUs | May 5, 2014

Compliance is the job of every area and every employee in the credit union.

By Jennifer Davis | May 5, 2014

The comment period on NCUA’s proposed risk-based capital requirement runs through May 28. Take inspiration from these credit union leaders when crafting a response.

By Erik Payne | May 5, 2014

New roles are helping credit unions review regulations and disseminate information.

By Drew Grossman | Feb. 27, 2014

The Creditunions.com team descended on CUNA's GAC this week, taking notes at lectures and breakout sessions for those of you who couldn't attend. Here are a few highlights from five days in credit union wonderland.

By Rebecca Wessler | Jan. 21, 2014

Compliance is on everyone’s mind in 2014, but credit unions are discovering ways to ease the burden and support one another.

By Aaron Pugh | Jan. 20, 2014

Whether you rely on a singular hire, a multifaceted department, or shared talent, the days of squeaking by without dedicated compliance resource are over.

By Erik Payne | Jan. 20, 2014

How Belvoir Credit Union leveraged its compliance investment to benefit the credit union industry.

By Aaron Pugh | Jan. 13, 2014

Ongoing investments in processes, people, and technology ensure Heritage’s trip to the top is a one-way ticket.

By FIS | Dec. 2, 2013

With a wealth of different options available, here’s what credit unions should really be looking for in a trusted partner.

By Aaron Pugh | Nov. 18, 2013

How unfiltered communication strategies can help credit unions proactively address member and employee issues.

By Drew Grossman | Nov. 18, 2013

BECU talks about complying with CFPB consumer complaint expectations.

By Kaufman & Canoles | July 15, 2013

Avoid costly and time-consuming lawsuits by knowing the correct wording for standard business forms.

By Oak Tree Business Systems, Inc. | April 22, 2013

Credit unions can use change to engage with their members.

By Kaufman & Canoles | March 18, 2013

Boost your knowledge of historic precedents, upcoming legal decisions, and institutional best practices to better protect the cooperative.

By Amanda Smith | Jan. 21, 2013

Compliance is too expensive and too burdensome a task to go at alone.

By Michael Emancipator | Jan. 14, 2013

Credit unions that build networks with to their peers can more easily tackle regulatory challenges.

By Michael Emancipator | Jan. 14, 2013

The Ohio Credit Union League offers resources such as discussion groups and file-sharing libraries to ease the burden of complicated regulations.

By Michael Emancipator | Jan. 14, 2013

Three CUSO executives explain how service organizations like theirs help credit unions stay on track amid ever-changing reform in the financial services industry.

By Michael Emancipator | Jan. 14, 2013

Credit unions are collaborating with one another and building cooperative networks to tackle increasingly challenging regulatory issues.

By Brooke C. Stoddard | Dec. 3, 2012

Michael Martin of FedChoice Federal Credit Union discusses what issues his credit union is focusing on in 2013 and how regulation is playing an increasing role in credit union risk management.

By Rebecca McClay | Oct. 16, 2012

Without investing capital yet, credit unions can understand the Consumer Financial Protection Bureau’s basic mortgage reform proposals.

By Messick Lauer & Smith P.C. | Oct. 16, 2012

Conduct quarterly internal audits to ensure your vendors are in compliance with regulations.

By Amanda Smith | Oct. 16, 2012

Conduct quarterly internal audits to ensure your vendors are in compliance with regulations.

By Melissa Forsyth | Oct. 15, 2012

Centralized underwriting and diligent quality control ensures loan at Members 1st remain consistent with credit union standards and compliant with regulatory requirements.

By Aaron Pugh | Sept. 21, 2012

The financial system is ripe for enhanced cooperation between leagues, CUSOs, credit unions, and talented individuals.

By Aaron Pugh | Aug. 7, 2012

Australia’s oddly named bank switching legislation highlights a growing demand for easier swaps between financial institutions.

By Aaron Pugh | Aug. 6, 2012

Some credit unions outsource compliance expertise while others invest in their own staff to manage growing regulatory pressures.

By Callahan & Associates | Aug. 6, 2012

The financial industry is moving toward compliance with card-based chip and pin technology.

By Rebecca McClay | Aug. 6, 2012

Rocky Mountain Credit Union's Holly Lane discusses how she manages today's complicated regulatory environment.

By Callahan & Associates | Aug. 6, 2012

Mortgage lenders can brush up on the details of the Secure and Fair Enforcement for Mortgage Licensing Act.

Partner Perspective
The ATM Compliance Tipping Point

By Cardtronics | June 11, 2012

Credit unions must consider ongoing options to manage this critical shift.

By Callahan & Associates | Jan. 1, 2012

Best practices for reducing expenses, improving vendor performance, and achieving regulatory compliance.

By Callahan & Associates | Jan. 1, 2012

By 2015, financial institutions' spending on cloud computing will have exceeded $27 billion. But what is cloud computing and how can credit unions begin to use it to their benefit today?

By Chip Filson | Aug. 25, 2011

Credit unions could use a dividend payment from the over-reserved share insurance fund to improve their balance sheets, make more loans, and help members in need.

By Callahan & Associates | July 1, 2011

Balance reward and risk to manage your credit card portfolio.

By Callahan & Associates | April 1, 2011

Leverage the online channel.

By Callahan & Associates | Jan. 1, 2011

California CUSO CURoots sprouted from diligence and cooperation to reduce back-office expenses for credit unions.

By Callahan & Associates | Oct. 1, 2010

Five factors to help your credit union make the right data processing decision.

By Callahan & Associates | Oct. 1, 2010

The 2010 Technology Survey indicates most credit unions are increasing their technology budgets depsite a challenging earnings environment and uncertainty around NCUA assessments.

By Alix Patterson | July 1, 2009

The 2007 Electronic Payments Study takes a look at the emerging payments technology affecting the financial services industry and what lessons credit unions can learn from the big players.