WASHINGTON (4/8/16)--Staff from the Federal Reserve visited CUNA's Washington, D.C., office Thursday to discuss its payments initiatives. CUNA, via its advocacy efforts and its Payments Subcommittee, is a consistent advocate for a modern, secure payments system.
SALT LAKE CITY (4/8/16)--Consumers want to get their payment tools from their financial institutions, said CO-OP Financial Services’ Caroline Willard, during the final day of the 2016 CUNA Payments Roundtable in Salt Lake City Thursday.
FinCEN issued a list last week of frequently asked questions regarding Customer Due Diligence requirements for financial institutions. The document contains 24 sets of questions and answers, which are also available on. CUNA’s CompBlog .
The CFPB is expected to release its proposal on debt collection in conjunction with a July 28 field hearing in Sacramento, Calif. CUNA has met with the bureau a number of times to address the forthcoming rulemaking.