NAFCU 48th Annual Conference in Montreal By Oak Tree
On July 8 Patelco Credit Union's CEO, Erin Mendez, commented during Mt. Diablos Chapter Event CEO Panel that all thought although 2015 feels like the toughest compliance year, there is more to come. It is clear that this is a common concern throughout all credit unions with the upcoming change to RESPA-TILA. Constant regulation changes can make it difficult to maintain compliant forms and integration to data systems. New regulations add more work for credit unions. Things may slip through gaps if they are not taken care of properly, and they take away time to look at regulations instead of serving members.