the AffirmX blog
By Suzie Higbee AffirmX We know that a blog post about Unfair, Deceptive, or Abusive Acts or Practices may not be everybody's idea of good time. But that doesn't diminish the importance of keeping up to speed on the prohibited practices that could land your institution in hot water. With the recent excitement about the [...]
The NCUA has gone back to the drawing board and reissued a revised proposal concerning federal credit unions’ ownership of fixed assets. The proposed rule issued in 2014 drew mostly negative comments stating that it didn’t go far enough in providing credit unions with authority to manage their own resources. This renovated proposal represents a [...]
Originally published on CUInsight.com. If disaster struck your community right now, would your institution be ready? While no one wants to see the circumstances that would cause an institution to activate its business continuity and disaster recovery plan, the last time you would want to find out that yours is inadequate or hopelessly outdated is [...]
If you think relations between the U.S. and Russia are strained now, consider the 1980s. It was the culmination of the Cold War—an arms race between the U.S. and the USSR. Tensions were high, and there was one thing keeping everything in balance: mutually assured destruction, or MAD. The basic premise was this: if the [...]
It’s a red-letter day when a cumbersome process is retired for the new and improved. The CFPB has recognized the glitches with the portion of Regulation Z that requires credit card issuers to post their open-end consumer credit card submission agreements on their websites and to submit a copy of those agreements to the CFPB [...]
Spring training for Major League Baseball is long over, the regular season is winding down, and playoffs will soon be upon us. Over the course of a long season, the teams that spent their time during spring training actually training and preparing frequently find that it makes the difference between being a playoff contender and an [...]
Originally posted in CU Insight. By Melia Heimbuck Mountain West Credit Union Association Increasingly complex and onerous, compliance requirements are straining the resources of all credit unions and the regional credit union associations that support them today. At Mountain West, we have always prided ourselves on the quality and responsiveness of our compliance support [...]
Originally published on CUInsight.com. Even the best kitchen in the world—equipped with a brick oven, top-of-the-line equipment, and the sharpest knives—can’t turn a bad cook into a great one (even though it could help). The substandard cook still needs to learn some critical cooking skills before the dream kitchen can produce the pièce de résistance. [...]
Obama made history when he eased the nation’s long-standing economic sanctions against Cuba. But before you break out your cigar, there are just a few, simple changes you should know. The changes to the Cuban Assets Control Regulations affect a number of areas, including travel to Cuba, foreign remittances to Cuba, the ability of U.S. [...]
Part 2 of 2 When it comes to compliance, sometimes knowing the “why” can make all the difference. In this two-part series, Ken Agle provides some background on how the gold standard, historical wars, economic development, and other events have impacted modern transaction limitations. In Part 1 of this series, Ken gave a brief overview [...]
