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