Compliance Center: Safe Harbor Obtained!
Get the low down on the recent MLO training course; your question answered about money laundering red flags; plus this week’s legal briefs.
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‘Inside Exchange’: NCUA Chair Debbie Matz Talks About Corporate Assessments, Stress Testing & More
NCUA Chair Debbie Matz talks about the anticipated range of corporate assessments, a new stress-testing proposal and a variety of other key topics in the first of a two-part video interview for CUNA’s “Inside Exchange.”
Senate Committee Recommends Metsger Confirmation to NCUA Board
The Senate Committee on Banking, Housing and Urban Affairs has recommended the Senate confirmation of Oregonian Rick Metsger to the NCUA board. The full Senate will next schedule a confirmation vote.
What Are Red Flags for Money Laundering in Currency Exchanges and Other Currency Transactions?
Certain transactions may be red flags for money laundering. Our Compliance Question of the Week shares some examples.
NWCUA-Sponsored Bills Receive Do-Pass Committee Recommendations
Two bills sponsored by the NWCUA to improve the Washington Credit Union Act passed out of their respective committees last week in the State Legislature, clearing an early hurdle in the path to passage.
Jeff Russell to Credit Unions: Prepare for Change
“Consumers want options, which is what companies like Google, Dwolla and Paypal bring to the space,” Jeff Russell told NWCUA Convention-goers during Thursday morning’s general session. “Because a large percentage of earned income from exchange fees, which is declining, credit unions have got to be ready.”
Washington Credit Unions Express Interest in Launching Prize-Linked Savings Programs
A survey of Washington credit union CEOs revealed 12 interested in offering prize-linked savings programs to members by early 2012. An “Idea Exchange†at the NWCUA’s Convention and Annual Business Meeting will provide more information for industry leaders.
Washington Credit Unions Exploring Prize-Linked Savings Opportunity
Prize-linked savings accounts have turned un-banked consumers into savers in Michigan. Some Washington credit unions are considering launching similar programs by taking advantage of legislation passed this year. The NWCUA will lobby for a similar law in Oregon next year.
Oregon Legislative Week in Review
Staff and credit union executives testified in support of the Credit Union Modernization bill for 45 minutes. The next step is a committee vote before the bill goes to the floor.