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.
Following its basic model on failed credit unions, NCUA remains in control on the outcome of the $268 million Huron River Area Credit Union of Ann Arbor, Mich. with no move so far to alter its status, a top Michigan regulator said today.
WASHINGTON?"EURAmerica's Community Bankers announced today that its board of directors unanimously approved the previously announced merger with the American Bankers Association.
WASHINGTON?"EURAmerica's Community Bankers announced today that its board of directors unanimously approved the previously announced merger with the American Bankers Association.
DALLAS--The "rent-a-compliance officer" program of the Texas Credit Union League is on a roll thanks to the Bank Secrecy Act with the service now showing 30 client CUs in three states, league officials said Friday.
ARLINGTON, Va.--NASCUS and member regulators met with the Department of Defense via teleconference yesterday to discuss the issues surrounding implementation of the recently approved final regulation curbing predatory lending to the military.
WASHINGTON--House Financial Services Committee Chairman Barney Frank (D-Mass.) announced today that the committee has scheduled a hearing on government intervention in the mortgage foreclosure crisis for next week.
The use of technology in Bank Secrecy Act and anti-money laundering programs by some credit unions and community banks helps to boost their compliance with BSA requirements, according to a recent survey conducted by Wolters Kluwer Financial Services.
CUNA and NAFCU have clashed over the issue of private insurance with NAFCU coming down squarely against the option from primary deposit insurance coverage.