It is less and less clear whether the Fed will issue the final rule on the rate setting debit interchange provisions by April 21, even though the law requires that (absent a delay) the provisions are set to take effect July 21.
House Bill 1327 passed the House on Saturday, February 26 by a vote of 85-12 with 1 excused. It is now expected that the bill will be referred to the Senate Financial Institutions, Housing & Insurance Committee where Association staff will work to get it scheduled for a hearing.
When does the Dodd-Frank Act provision that changes the amount of next-day available funds to $200 go into effect?
The latest news about NWCUA efforts in Washington D.C.
Recent reports indicate that as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010, the Federal Reserve is proposing rules that would lower interchange fees on debit card transactions to 12 cents per transaction.
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.
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.
Two recent regulatory actions highlight the significance of reviewing how you compensate your Mortgage Loan Officers.
NCUF has two board seats available â€“ both are for credit union executive or director seats. Now seeking Volunteer nominations.
Ballots must be postmarked no later than this Thursday, Nov. 4.
Corporate Corner is a series of articles that will examine various aspects of the corporate credit union crisis and the NCUAâ€™s plans to resolve the issue and stabilize the industry.
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.
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.