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NCUA Plans to Change Examination Notices

Dec
21

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told the Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions

Posted By Sharon Bahr read more
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NCUA Making Major Changes in Examination-Related Documents

Dec
21

The National Credit Union Administration (NCUA) is “making some major changes in its examination-related documents.” That is what NCUA Deputy Director of Examination and Insurance Tim Segerson told Credit Union National Association's (CUNA) Examination and Supervision Subcommittee.  These actions are designed to “help credit unions understand why examiners do what they do, set a baseline for everyone to follow, and to help credit unions get

Posted By Sharon Bahr read more

ATM Disclosure Bill Signed by the President

Dec
21

The ATM disclosure bill, H.R. 4367, was signed into law by President Obama on Thursday, December 20.  The bill eliminates the requirement that ATMs display duplicative signs disclosing fees, a requirement that has created legal and financial issues for some credit unions and other financial institutions.  The bill preserves consumer notification of fees through an on-screen notice.

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Missouri’s Congresswoman-Elect Ann Wagner Talks about House Financial Services Committee

Dec
20

Missouri Congresswoman-Elect Ann Wagner (R-District 2) is featured in a December 19 article in Politico about serving on the U.S.

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Federal Reserve Reviewing Liquidity Sources at Largest Banks

Dec
17

The Federal Reserve Board (Fed) is examining liquidity sources at some of the largest U.S.

Posted By Sharon Bahr read more

Treasury Settlement with HSBC Bank on BSA and OFAC Violations

Dec
17

The U.S. Department of the Treasury announced this week a collective settlement with HSBC Bank, reached by the Financial Crimes Enforcement Network (FinCEN), the Office of the Comptroller of the Currency (OCC), and the Office of Foreign Assets Control (OFAC), as part of a combined federal, local, and international government action.  It was the largest bank settlement regarding the Bank Secrecy Act (BSA) and sanctions in U.S.

Posted By Sharon Bahr read more

NCUA Launches Budget Web Page

Dec
17

The National Credit Union Administration (NCUA) has developed a new webpage on its budget.

Posted By Sharon Bahr read more

CFPB News and Updates - 12/14/2012

Dec
17

CFPB May Allow Financial Services Companies to Float Trial Disclosures

Posted By Sharon Bahr read more

Bankers TAG Bill Dies in U.S. Senate

Dec
13

In a major setback for the bank lobby,  S. 3637, the banks’ Transaction Account Guarantee Program (TAG) bill, has died in the U.S. Senate.  By a vote of 50-42 on December 13, Senators voted against an effort to waive a Budget Point of Order for TAG.  A vote of 60 was needed to overcome the point of order and take a vote on the bill itself. Missouri’s U.S. Senators split on the issue, with U.S. Sen. Claire McCaskill (D) voting in support and  U.S. Sen. Roy Blunt (R) voting against.  

Posted By Amy McLard read more

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