There will be a human face put on those victimized by illicit activity that can be aided unknowingly by financial institutions at the upcoming Bank Secrecy Act Conference, which will take place Nov. 15-18 in Fort Lauderdale, Fla.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.