Regulatory & Compliance

America's Credit Unions also applauds new FinCEN guidance aimed at improving fraud information sharing among financial institutions.

The news about Chad Bridges, who served at Mississippi's Insurance Department, comes on the heels of the NCUA's $95M fraud lawsuit against him and wife Leigh.

Agency says the changes will reduce compliance burden while preserving disaster recovery requirements.

Trade group says the proposal would improve payment recovery efforts, fraud prevention and communication between credit unions and federal agencies.

America's Credit Unions welcomes committee action after urging lawmakers to preserve military branch access and reject interchange proposals.

America's Credit Unions argue that AI is improving lending, fraud detection and warned overly prescriptive rules could slow innovation.