CUNA hopes NCUA works to implement the recommendations released this week in a report from FFIEC agencies, part of a review of the agencies’ rules. The NCUA was not required to participate, but did so voluntarily.
The World Council of Credit Unions asked the Financial Action Task Force this week for clearer guidance on AML/CFT rules in order to reduce regulatory burdens. The FATF is the global standard setting body for AML/CFT rules.
The Financial Services Information Sharing and Analysis Center has named Heather McCalman its credit union council manager. CUNA, a member of FS-ISAC, has urged the security-minded organization to increase services for credit unions.
Credit union support can make a difference in elections, particularly in a close race. Reps. Walter Jones (R-N.C.) and Kurt Schrader (D-Ore.) both know this from experience and shared their election insights during a Tuesday panel.
Changes occurring in Washington, D.C., this year bring an opportunity for credit unions to achieve true, meaningful regulatory relief, said Rod Staatz, outgoing chair of the CUNA Board, during Monday's morning session.
The discussion boards on CUNA’s Compliance Community featured an interesting discussion last week: what is the difference between the terms “share draft” and “checking account”? The correct use is important since credit unions pay dividends, not interest.