Fed governor said banks of $50 million or less in assets hit harder by need to staff up to meet compliance demands.
COMPASS 4 CUs has picked up its 18th client, the $152 million NARFE Premier FCU of Alexandria, Va.
Weak economy, low interest rates and most of all, regulatory burden, cited in responses.
Study shows 77% of senior financial services managers would consider ending relationships because of compliance concerns.
The CFPB has defined high-cost, first-lien mortgages as those that exceed prime by 1.5 percentage points.
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.
Recently finalized rules and regs on mortgages expected to be among topics.
Bank regulator finds channel for the most part falls under well-established existing rules.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
Live on Dec. 5, “The Future of Regulation and Compliance: What You Need to Know to Successfully Prepare Your Organization” – is now online.