Compliance

NORTH CANTON, Ohio-Financial institutions nationwide are in the middle of a 12-month window for complying with changes to the Americans with Disabilities Act, and Dean Stewart, senior director of advanced solution product management at Diebold, called that one of the most important compliance issues facing CUs today.

SAN ANTONIO-If CUs don't want to add insurance products to their growing list of compliance burdens they need to pay close attention to what Washington is discussing about regulating these products and speak with state and national legislators-and soon.

SAN DIEGO-Unemployment numbers may still be high nationally, but credit unions are hiring-and they're hiring compliance officers.

ATLANTA-When it comes to compliance, "there's a new elephant in the room," noted Murray Klein-the Consumer Financial Protection Bureau.

WASHINGTON-This week will mark the deadline for compliance with the first-ever rules requiring that board members at federal credit unions demonstrate they are financially literate and can read a balance sheet.

ALEXANDRIA, Va.-The NCUA Board last Thursday proposed requiring that all CU Service Organizations-the credit union subsidiaries that provide everything from card processing to real estate brokerage services-file annual financial reports giving the federal regulator greater monitoring power over some 650 CUSOs.

SAN FRANCISCO-No credit union heads into an exam with enthusiasm, but one person is offering an eight-step process for making the process much easier.

SAN FRANCISCO-Michael E. James of Lending Insights also offered "Five Key Exposures Regulators Will Review."

SAN ANTONIO-Credit unions and their trade groups say their federal regulatory agency is over-reaching and "intruding."

A Small Credit Union Roundtable hosted by NAFCU was marked by pessimistic views regarding the "predatory" intentions of larger credit unions, the overwhelming burden of compliance and regulation, and a conviction most regulators would rather see small CUs merged out of existence than have to continue to examine them.