Regulatory Advocacy Update: CFPB Issues ANPR on Pre-Paid Cards

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here are updates on the CFPB, the NCUA and pending departure of the NWCUA’s Jaycee Winn.

Legal Briefs

Your weekly update on the regulatory landscape.

FinCEN Considers Rules on Identifying New Members Joining Credit Unions

An advance notice issued recently by FinCEN is soliciting public comment on an explicit customer due diligence obligation that could require financial institutions to identify beneficial ownership of their account holders.