Solution automates monitoring access, helps meet FFIEC, NCUA rules.
Institute survey seeks to track time credit unions spend meeting compliance requirements.
Effective April 1, 2013, all institutions must file the reports electronically. NAFCU addresses how in compliance blog this week.
PolicyWorks, a compliance product and service provider, said it recently signed on Alliant Credit Union of Chicago.
Solution tracks NCUA regulations and delivers changes credit unions need to make; targeted to smaller credit unions.
CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
Two more Maryland credit unions sign on as users of NeighborBench automated compliance help.
Although the District of Columbia Circuit Appeals Court invalidated President Barack Obama’s recess appointments to the National Labor Relations Board and potentially overturned the board’s decisions since early 2012, credit unions shouldn’t assume the ruling means the CFPB will meet the same fate, said NAFCU President/CEO Fred Becker.
Fed governor said banks of $50 million or less in assets hit harder by need to staff up to meet compliance demands.
NLRB plaintiffs say the ruling was significant because it occurred in the same court that is hearing the Cordray suit.