Compliance

The biggest compliance issues credit unions will face in the next 12 months relate to every step of the mortgage process, and one person says it's going to have an impact on more than just the mortgage department.

Small and mid-size CUs are being urged to pay attention to new rules related to loan participations.

It takes a village to ... keep credit unions in compliance.

Although "CFPB" has become a four-letter word at most CUs, Linda Clampitt said the Consumer Financial Protection Bureau actually has done a good job in recent months of producing "how to" guides.

Credit unions feeling overwhelmed by the compliance burden should be looking to their respective state leagues, the league's affiliates and business partners, and even third-party vendors.

NCUA said it is amending its exam process to better protect against fraud-particularly at small credit unions.

Credit unions and banks in the U.S. report they are feeling even greater regulatory and risk management pressures than they were at the beginning of the year.

DNCUA said it will realign its regional supervision effective Jan. 1, 2014.

NCUA said it is building a new risk-based capital framework tailored to protect the industry from losses.

Visa and MasterCard may differ on their support of chip-and-PIN in the U.S., but they are of one mind in their approach to Australia.