Compliance Blog

Apr 12, 2010

I Read Entire Legal Publications So You Don't Have To...

Posted by Anthony Demangone

Here are a few items from my "good reads" pile.  

If you feel anxious when NCUA’s Web site is down, you might be a compliance officer. I clearly remember my first e-mail address. I was a sophomore at Penn State in 1993. If someone had told me that this “Internet thing” would someday comprise the most useful work-related tool in my life, I would have laughed that person out of the room. This also explains why I do not dabble in stocks.
 
If you have browsed through an issue of the Federal Register, a NAFCU Regulatory Alert or an NCUA-proposed rule while at the beach, you might be a compliance officer. With the complexity and scope of compliance issues, it is hard to turn off the switch at times. Show me a good compliance officer, and I’ll show you someone who reads. A lot.
 
If reading an NCUA legal opinion letter caused you to cheer or boo in your office (while alone), you might be a compliance officer. It is amazing how a three-page letter can make (or ruin) one’s day, isn’t it?