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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.
Credit union representatives and their regulator applauded a recent Treasury and Financial Crimes Enforcement Network announcement that it would be seeking ways to streamline Bank Secrecy Act compliance.
Commenters on NCUA's proposed regulation regarding the disclosure of executive compensation in a voluntary merger generally agreed that such decisions should be left up to the board of the credit union.
The banks that have received a lot of media attention for Bank Secrecy Act violations had a lot of common problems, Charlotte Bahin, partner with Lord, Bissell & Brook LLP, shared with attendees of the <em>Credit Union Times</em>/EEI BSA conference today.
The Credit Union Regulatory Improvements Act has added seven more co-sponsors in the latter half of this week for a total now of 114 with primary sponsor Paul Kanjorski (D-Pa.).
NCUA has brought its Bank Secrecy Act Examination expectations to the same level as the other banking regulators after once being thought of in catch-up mode one expert told Credit Union Times' BSA conference yesterday.
The Federal Reserve Board has announced that it is seeking nominations to its Consumer Advisory Council and the national credit union trade associations will make their recommendations heard.
Do not be too hasty in closing certain accounts despite suspicious or potentially criminal activity, the Financial Crimes Enforcement Network asked of financial institutions in recent guidance.
The Office of Thrift Supervision recently announced that it has entered an agreement with the Conference of State Banking Supervisors on a model for sharing consumer complaint information.
Colorado's Division of Financial Services recently earned re-accreditation from NASCUS.
The co-sponsorship of the Credit Union Regulatory Improvements Act (H.R. 1537) has grown to 104, including primary sponsor Paul Kanjorski (D-Pa.), in just the first three months.
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