Compliance

ALEXANDRIA, Va. — NCUA has accepted a judgement offer of $129.6 million from Royal Bank of Scotland to resolve claims from losses related to purchases of residential mortgage-backed securities by Members United and Southwest corporate credit unions.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

Credit unions flocked to the nation’s capital for the trade association’s annual pilgrimage to Washington, where executives have the chance to hear from politicians at the conference and then head to lawmakers’ offices to lobby on credit union issues.

WASHINGTON — One of the top anti-money laundering regulators warned credit unions Tuesday that many do not appear to be properly following reporting requirements.

Monaco, previously senior economist at the regulator, succeeds Worth, who left last month.

New York's banking regulator has reached an agreement with four of the banks developing an online message service to store records for potential access by regulators and other officials.