Over the next four weeks, 19 credit union leagues from 26 states will be in D.C. to “hike the hill,” meeting with lawmakers, regulators and CUNA staff, as fall is generally the busiest time of year for visits.
WASHINGTON (2/26/16)--The ever-increasing regulatory burden credit unions are subject to was chief among the topics of discussion with thousands of credit union leaders and their elected officials on Capitol Hill this week. As part of the CUNA Governmental Affairs Conference, nearly 5,000 credit unions leaders lined up meetings with legislators to discuss credit union issues.
FinCEN's new customer due diligence requirements for business accounts are effective May 18, 2018, and CUNA’s compliance staff has received a number of questions. A recent CompBlog post examines CDD procedures and requirements.