Federally insured credit unions can get valuable information on Bank Secrecy Act and anti-money laundering compliance during a National Credit Union Administration webinar scheduled for April 14. Registration is now open, and it is scheduled to begin at 2 p.m. (ET).

CUNA supports legislation from Rep. Barry Loudermilk (R-Ga.) that would increase the Currency Transaction Report threshold to $30,000 and increase the dollar amount thresholds for filing Suspicious Activity Reports from to $10,000 for most financial institutions..

Credit unions ‘showing their work’ is critical to advocacy success, CUNA Chief Advocacy Officer Ryan Donovan said Tuesday at the CUNA GAC.

Both chambers of Congress are in session this week, and both are expected to consider the $1.9 trillion COVID relief legislation through the budget reconciliation process. The House Budget Committee will mark up its legislation starting Monday.

News Now, Policy and Issues

Federal policymakers unveiled an omnibus spending bill Monday that would fund the federal government through Sept. 30, 2021 and includes several CUNA-sought provisions related to pandemic relief. Congress passed the measure Monday evening.

CUNA wrote to Congressional leadership Tuesday in support of increased funding for the Cooperative Development Program, and specifically for community-based credit unions in developing countries, specifically at $20 million as in Senate Appropriations Committee legislation.

News Now, Policy and Issues

Legislation from Rep. Mike Gallagher (R-Wis.) would establish a Department of Education grant program encouraging K-12 schools to offer financial literacy programs and aligns with credit unions' mission to improve the financial well-being of members.

The National Credit Union Foundation has been working closely with the California and Nevada Credit Union Leagues, Louisiana Credit Union League, and the Cornerstone Credit Union Foundation to evaluate the disaster relief needs of credit union employees and volunteers In response to the California Wildfires and Hurricane Laura