CU Times' coverage of the NCUA, America's Credit Unions, DCUC, as well as federal and state regulatory issues impacting credit unions.
WASHINGTON--On the eve of a Senate Finance Committee hearing held today, the federal financial regulatory agencies yesterday issued a request for public comment on a statement encouraging federal financial institutions to follow best practices to guard against garnishment of protected federal benefit payments.
House Financial Services Committee Chairman Barney Frank (D-Mass.) reiterated once again that he plans to hold a full committee hearing on the Credit Union Regulatory Improvements Act (H.R. 1537) this fall.
NCUA has filed arguments with a federal court seeking to have a lawsuit brought by a banker led charter change group dismissed.
Following the death of House Financial Services Committee Member Paul Gillmor (R-Ohio), Committee Ranking Member Spencer Bachus (R-Ala.) announced two new ranking member positions.
Community banks and credit unions that use technology as part of their Bank Secrecy Act and anti-money laundering programs are much more confident in their compliance with BSA requirements than those financial institutions that rely on more manual approaches, according to a recent survey conducted by Wolters Kluwer Financial Services.
The Washington Credit Union League is going high-tech with compliance and in three months has more than 330 subscribers to an online service in which CU executives are promised answers to common regulatory questions "within eight business hours."
CURIA catapulted past its peak co-sponsorship from the 109th Congress reaching 127 with primary co-sponsor Paul Kanjorski (D-Pa.) just seven months into the 110th.
House Financial Services Committee Chairman Barney Frank (D-Mass.) has had a good relationship with credit unions, but that will not shield them from consideration under an expansion of the Community Reinvestment Act.
Regulatory and Compliance Page 09/19/07 Issue
California is poised to become the second state in the country to have a law in place that would move the card industry's data standards into state law. The law would also provide card issuers a way to recover losses from when retailers in violation of data security standards have...
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Download ResourceFrom Elan Credit Card
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Download ResourceFrom Elan Credit Card
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Download ResourceFrom Alogent
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Download ResourceFrom Velera
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Download ResourceFrom Alkami
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Download ResourceFrom Alkami
This comprehensive market study dives deep into the contrasting views between financial institutions and account holders, offering critical insights that can drive your credit union's strategic decisions.
Download Resource