FinCEN has issued a ruling to provide a 90-day limited exceptive relief to covered financial institutions from the obligations of the beneficial ownership requirements for for certain accounts, effective as of May 11.
CUNA-requested language requesting the Department of Justice clarify website accessibility standards for the Americans with Disabilities Act was successfully added to a House appropriations bill Friday.
The House Financial Services Committee is expected to mark up a bill next week that contains a provision delaying the effective date of NCUA’s risk-based capital rule by two years. CUNA supports this provision.
The House Rules Committee announced it will meet on S. 2155 Monday at 5 p.m. (ET), paving the way for the House to vote on the bill next week. CUNA strongly supports the bill, which contains several regulatory relief provisions.
The Bureau of Consumer Financial Protection will host a public forum in Topeka, Kan. June 8 to discuss elder financial exploitation. CUNA has supported several bills that would protect reporters of suspected elder financial abuse.
As a result of a new state law advocated by the Louisiana Credit Union League, Louisiana’s credit unions can now provide their members with prize-linked savings accounts that can help them win big bucks just for saving a few dollars.
The West Virginia Credit Union League joined the West Virginia Bankers Association Wednesday to call on the state’s members of Congress to support S. 2155 as the House will likely vote on the bill next week.
Credit unions interesting in coordinating with NCUA in the agency’s streamlined Community Development Financial Institution certification applications process will be able to do so from June 4-22 and Sept. 10-28 this year.
CU Social Good, a microsite hosted by the Credit Union Association of the Dakotas (CUAD) that captures the positive impact that credit unions have in the lives of their members and their communities, accounted for $11.3 million in benefits to local communities in 2017, CUAD announced this week.
Credit union-supported candidates saw success in several states during Tuesday’s primary elections, including in competitive races for an open seat in Idaho and several congressional district races in Pennsylvania.