Canadian Federation of Independent Business report says small businesses there pay significantly more per employee in regulation costs than in U.S.
Because credit unions already generally abide by new final qualified mortgage and ability-to-repay rules released Jan. 10 by the Consumer Financial Protection Bureau, the most difficult compliance burden will be to document the process, said John Bundy, compliance manager for CUNA Mutual.
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.
NCUA's concerns about regulatory overkill at CFPB are eye opening.
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.
Credit unions pose diverse regulatory challenge, but some things apply to all sizes.
Trade group says five new rules at once will pose "unprecedented challenge to digest, understand and implement."
Live on Dec. 5, “The Future of Regulation and Compliance: What You Need to Know to Successfully Prepare Your Organization” – is now online.