Regulatory & Compliance

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.

Members of Congress officially supporting CURIA rose to 124 after Congress returned to session last week.

Getting the chance to speak one-on-one with a Presidential hopeful doesn't come around often, so when the Florida Credit Union League got the opportunity they made sure to find out the candidate's position on credit unions.

News Briefs Page

Credit union trade associations praised the evenhandedness of the Department of Defense's final rule capping closed-end credit interest rates for members of the military and their families.