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.
he California Department of Financial Institutions Friday placed Telesis Community CU into conservatorship and immediately appointed the National Credit Union Administration (NCUA) as conservator. Also on Friday, the Colorado Division of Financial Services appointed the NCUA as liquidating agent of Saguache County CU of Moffat, Colo
The National Credit Union Administration has issued an order prohibiting Mary Carmen Hartley, a former employee of Mutual Diversified Employees FCU, Santa Ana, Calif., from participating in the affairs of any federally insured financial institution.
In an article that calls credit unions and CUNA, and community banks, two of the "most quietly influential" Washington, D.C. advocacy groups, The Huffington Post examined the political conflicts between credit unions and community banks.
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.