CU Times covers the NCUA, CUNA, NAFCU, CFPB as well as Congress to keep credit union executives up-to-date on regulatory and compliance changes coming out of Washington, D.C.
NCUA Vice Chairman Rodney E. Hood recently addressed CUNA's Payment Systems Conference, focusing on the evolving electronic payment systems as it relates to enterprise wide risk management.
With the most of the major provisions still in place, NCUA said that its final rule on member access to accounting books and records incorporates several changes from the proposal in direct response to public comments.
The NCUA Board today approved a final rule regarding federal credit union member access to accounting books and records that retained much of the proposal but got a few tweaks to make it more balanced.
After a mark up of the Consumer Overdraft Protection Fair Practices Act (H.R. 946) was put off from yesterday until today, amendments were negotiated to make the bill more palatable for credit unions.