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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.
NCUA Chairman JoAnn Johnson has announced the selection of 15-year NCUA employee Mike J. McNeill as the agency's ombudsman beginning Jan. 1. McNeill began his career with NCUA in 1991 as a credit union examiner in Dayton, Ohio. In 1999, he was promoted to systems accountant in the Office of...
NCUA issued an order of prohibition against Crystal Bottomley, banning her from further participation in the affairs of any federally insured financial institution.
NCUA Chairman JoAnn Johnson visited last month with credit unions in Louisiana still recovering from the blow they were dealt by Hurricane Katrina.
The Financial Crimes Enforcement Network has announced that it assessed a $2 million fine on Foster Bank in Chicago for Bank Secrecy Act violations.
The end of the year does not only mean holiday time, but also inventory time.
A loan to construct a boat that will be used for commercial purposes is still subject to additional compliance requirements within NCUA's member business lending, the agency recently said.
The Federal Reserve Board recently adopted a final amendment to Regulation E regarding consumer authorization requirements for electronic fee collection for items returned as unpaid. In related news, the board has also asked for comment on a proposal that would eliminate a requirement for receipts for small dollar transactions.
The IRS recently announced a formula that business and tax-exempt organizations can use to estimate their federal telephone excise tax refunds.
Three prominent female bankers associated with the three major banking trade associations have been named to fill an open spot on the Federal Reserve Board.
Even before there has been much time to discuss implementing regulations, America's Community Bankers is raising concerns about the provision in the Department of Defense reauthorization to cap interest rates to military personnel at 36%.
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