In honoring Black History Month, Tim Anderson, board chair of the African American Credit Union Coalition, and CUNA President/CEO Jim Nussle co-authored an op-ed that highlights how credit unions and civil rights are similar in how they “do for others.”
A settlement in the case stemming from a 2014 data breach at Home Depot is likely to be proposed very soon. The settlement is not public yet, and will be subject to approval by the class representatives.
CUNA wrote in support of the House version of the Taking Account of Institutions with Low Operation Risk (TAILOR) Act Thursday, which would reduce regulatory burden for financial institutions with lower risk profiles.
The Defense Credit Union Council has released a publication developed to help educate servicemembers about the changes to the military retirement system. On Jan. 1, 2018, the new Blended Retirement System comes into full effect.
The 2017 CUNA GAC will wrap Wednesday with a half-day of sessions, and then hundreds of credit union leaders will head to Capitol Hill to speak to their elected officials. Wednesday’s speakers include a number of elected officials.
The Consumer Compliance Rating System is an interagency framework developed by the Federal Financial Institutions Examinations Council member agencies for evaluating an institution’s ability to manage consumer compliance risk and to prevent harm to consumers.
Once the Financial Crimes Enforcement Network’s new customer due diligence rule becomes effective May 11, 2018, credit unions will be required to identify and verify the beneficial owners of business-type accounts.
The 2017 CUNA GAC kicks off Feb. 26, registration starts Sunday and leads into that evening’s ED (Filene) Talk, and continues Monday with the kickoff of the general session and a number of breakout sessions.