Regulation and compliance
Regulation
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Credit union representatives wasted no time lining up to ask questions of its examiners at the Credit Union National Association's GAC last week.
March 26 -
RICHMOND, Va. – Entrust Financial CU has signed with COMPASS 4 CUs for regulatory compliance services, including reviews of Bank Secrecy Act compliance, policies and procedures, marketing, website, and training.
March 22 -
DUNCAN, Okla. – Halliburton Employees’ FCU has signed with COMPASS 4 CUs for regulatory compliance services, including reviews of Bank Secrecy Act compliance, policies and procedures, marketing, website, and training.
March 21 -
Credit union executives urged Congress last week to step in and alleviate a rapidly growing list of new regulations affecting credit unions and banks.
March 19 -
ALEXANDRIA, Va. – NCUA on Thursday said it believes it has more than enough reserves in the National CU Share Insurance Fund and therefore moved $278.6 million from the NCUSIF to the Temporary Corporate CU Stabilization Fund, which will lower this year’s corporate assessment.
March 15 -
LAS VEGAS – A credit union representative called on Congress this afternoon to review a number of controversial pending NCUA regulations on loan participations, CUSOs, liquidity and troubled debt restructurings to ensure they will not further hinder the dwindling number of healthy Nevada credit unions.
March 15 -
SAN ANTONIO, Texas – Credit union executives urged Congress this morning to step in and alleviate a rapidly growing list of new regulations affecting credit unions and banks.
March 14 -
The Dodd-Frank financial regulatory reform bill included a provision creating Offices of Minority and Women Inclusion in all 20 federal agencies that regulate our financial system.
March 12 -
Credit unions are prepared for new ADA compliance rules related to ATMs that take effect this week and will not face a wave of lawsuits similar to those driven by non-compliance with ATM fee disclosure rules.
March 12 -
Credit Unions should be prepared for, but not fear, a pending rule giving NCUA direct regulatory authority over CUSOs, according to one analyst.
March 12 -
If banks and CUs don't want the Consumer Financial Protection Bureau regulating overdraft pricing, they should clearly disclose their overdraft charges to consumers and members.
March 12 -
WASHINGTON – Two senators yesterday introduced legislation that would let credit unions and banks appeal examination findings to an outside arbiter, similar to the bill being debated in the House.
March 6 -
CUNA called on the Consumer Financial Protection Bureau to use its new authority over the Electronic Funds Transfer Act to amend requirements that force two separate disclosures on fees to a single, on-screen disclosure.
March 5 -
NCUA last week said a credit union may bar an employee who agreed to resign instead of being fired from running for the board of directors under a proposed separation agreement.
March 5 -
WASHINGTON – The newly formed Consumer Financial Protection Bureau on Thursday announced it has begun reviewing consumer complaints on bank and credit union checking and savings accounts.
March 1 -
ALEXANDRIA, Va. – NCUA on Tuesday said a credit union may bar an employee who agreed to resign instead of being fired from running for the board of directors under a proposed separation agreement.
February 28 -
WASHINGTON – CUNA called on the Consumer Financial Protection Bureau to use its new authority over the Electronic Funds Transfer Act to amend requirements that force two separate disclosures on fees to a single, on-screen disclosure.
February 27 -
TORRANCE, Calif. – Honda FCU has signed with Wolters Kluwer Financial Services to help it update its master disclosure document quickly and in compliance with state and federal requirements.
February 15 -
WASHINGTON – The Senate Banking Committee called on officials at NCUA and the banking regulators to conduct internal reviews on the application of their own standards during examinations.
February 14 -
RALEIGH, N.C.-Some state-chartered credit unions here are considering converting to federal charter following a dispute between the state regulator and NCUA.
February 13



