FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.
The CUNA Board of Directors, led by Brett Martinez, president/CEO of Redwood CU, voted in favor of a resolution to clearly and prominently establish diversity, equity and inclusion as a cooperative principle of America’s credit unions.
CUNA Chief Economist Mike Schenk spoke with Money.com recently about what consumers should know when borrowing against their homes, specifically the ins and outs of a home equity line of credit and what homeowners should research.
CUNA, working with a large group of state lawmakers around the country, has secured their support for the SAFE Banking Act, which would protect financial institutions that serve legal, cannabis-based businesses.
Town & Country FCU, South Portland, Maine, now offers pet loans. Town & Country FCU announced that their loan department is accepting loan applications to cover expenses accrued from medical procedures, emergencies, or vet visits for its members' four-legged companions.
CUNA launched its latest MAP campaign Thursday, calling on credit unions to make Congress aware that there cannot be data privacy without data security. There will be a free webinar on the campaign August 23 at 11 a.m. (ET).
FASB has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard, delaying implementation as it applies to credit unions to January 2023.
NCUA Chairman Rodney Hood and NASCUS Chairman John Kolhoff signed a Document of Cooperation Wednesday pledging continued coordination between state and federal regulators within the credit union dual chartering system.
The Department of Defense has finalized changes to its Military Lending Act website, used to check a servicemember’s active duty status. Financial institutions must create an account in order to determine the active duty status of a borrower.
The CFPB has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act. The CFPB is required to calculate the dollar amounts for several provisions in Regulation Z annually.
The FHFA has directed Fannie Mae and Freddie Mac to make specific modifications to the Uniform Residential Loan Application, including removal of a question CUNA feels could have raised legal and compliance issues.
The Consumer Financial Protection Bureau released an updated frequently asked questions document on its Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosure (TRID) rule. The document was previously updated in May.