Credit Union Whitepaper on Compliance Concerns Published by CU Service Network
LAKEWOOD, Colo., Jan. 16, 2018 /PRNewswire-PRWeb/ -- Denver-based CUSO (Credit Union Service Organization) CU Service Network has published an in-depth whitepaper on what's lacking from credit union compliance services. The paper focuses on what credit unions actually want from a compliance provider, and the challenges they face in a increasingly burdensome regulatory industry.
Issues discussed in the paper include:
1. Intimacy: A lack of deep understanding about individual credit union needs from their compliance vendor 2. Flexibility: Credit unions are not able to cherry pick what fits their needs, or receive "on-call" style compliance services, both of which are desired 3. Clarity: Credit unions are often left confused with the answers they receive from their vendors
A must read for any credit union executive or compliance officer who is curious about the compliance services industry, and interested in a deeper analysis on what could be improved.
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