Regulatory & Compliance

WASHINGTON -- Speaking at the Small Business Administration's national regulatory fairness hearing today, Mary Dunn, CUNA senior vice president and associate general counsel of regulatory advocacy, reiterated the trade association's positions on a number of regulations considered to be "burdensome."

William Haraf, Ph.D., has been appointed Commissioner of Financial Institutions for the Business, Transportation and Housing Agency.

Chris Collver, regulatory and legislative analyst for the California Credit Union League, offered up his opinion on Regulation Z revisions to the state assembly.

The Financial Crimes Enforcement Network has issued an administrative ruling that clarifies currency transaction report obligations concerning sole proprietorships and companies "doing business as."

It's not easy to create a model of consistency that embraces 97 different cultures, but the World Council of Credit Unions' model pieces are considered an international standard.

A Wall Street Journal editorial posed the question: "What do you do when you're a small company in Colorado, a federal regulator is after you, and it's hard to get anyone in Washington to answer your phone calls?"

My father recently asked me what I do for a living. I help fix leaks, I told him. As usual, he shook his head and walked away.

When NCUA Board Member Gigi Hyland asked credit unions for feedback to the report from the agency's Outreach Task Force, she told credit union leaders at CUNA Governmental Affairs Conference that she was confident they would provide their opinions.