Major BSA Penalty Assessed Against Bank. Will Your Credit Union Be Next?

The announcement from the Financial Crimes Enforcement Network of a $1,000,000 penalty assessed against Pamrapo Savings for Bank Secrecy Act violations marks a renewed focus on BSA compliance in examinations.

Retailers Lobbying to Avoid Paying Fair Share of Plastic Card Payment System

National credit union movement leaders say that the D.C. retail lobby is misleading congress and consumers as it pushes to cap interchange fees needed to keep the card payment system functional, affordable and safe.

Corporate Corner: Moving from a Bridge Corp to a New Provider

Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUA’s plans to resolve the issue and stabilize the industry.

Summer Credit Union Town Hall Meetings Now Being Organized

Cities have been tentatively chosen for Washington credit unions to discuss and provide feedback about the proposed merger of the Washington Credit Union League and the Credit Union Association of Oregon. They include Longview, Yakima, Spokane, Bellingham, Seattle, Tacoma and Olympia.

Senate Passes Sweeping Regulatory Reform Bill

The Senate on Thursday passed the Dodd-Frank Wall Street Reform and Consumer Financial Protection Act—the comprehensive financial reform bill that Congress has been working on for over a year.

Washingtonian Could be ‘Next Top Credit Union Executive’

One Washingtonian is among the six young finalists that have emerged from 41 applicants to vie for the inaugural title of the Next Top Credit Union Executive.

Regulation Continues to Expand in Credit Union Land: The Dodd-Frank Act Brings a New Regulatory Regime

Dennis Dollar’s perspective on the latest regulations designed to protect consumers from another “too big to fail” financial industry debacle.

May You Live in Interesting Times

Living in interesting times would be an apt description of these last couple of years, and with the passing of the Financial Reform Act things will only get more interesting, at least as far as compliance is concerned.

Consumer Financial Protection Around the World

The Filene Research Institute’s recent research titled “Consumer Financial Protection: U.S. Proposals and International Experience” describes the experiences of credit unions around the world that operate under similar consumer protection schemes that the U.S. has recently created.

Matz Schedules Oregon Town Hall Meeting

NCUA Chairman Debbie Matz will host a Town Hall in Portland, Oregon, on October 5, 2010, in an effort to foster two-way communication and discuss developments affecting both natural person and corporate credit unions.

Examining Mortgage Loan Officer Compensation

Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.

National Credit Union Foundation Seeks Nominations for 2 Board Seats

NCUF has two board seats available – both are for credit union executive or director seats. Now seeking Volunteer nominations.

Mail In Your WCUL-CUAO Merger Vote Today

Ballots must be postmarked no later than this Thursday, Nov. 4.

2010 Capitol Advocacy Award Applications Now Being Accepted

Applications are now being accepted for the 2010 Capitol Advocacy Award to recognize credit unions that have been leaders and participants in legislative and regulatory grassroots advocacy over the past year.