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.
COMPASS 4 CUs has picked up its 18th client, the $152 million NARFE Premier FCU of Alexandria, Va.
Study shows 77% of senior financial services managers would consider ending relationships because of compliance concerns.
Regulatory compliance, invoicing and other areas that may have been under the priority radar a few years ago, have aggressively come to the forefront at many credit unions.