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FinCEN Public Hearing on the Customer Due Diligence ANPR

Aug
06

On Tuesday, July 31, the U.S. Treasury Financial Crimes Enforcement Network’s (FinCEN’s) held a public hearing on the customer due diligence (CDD) Advance Notice of Proposed Rulemaking (ANPR) that was issued in March 2012.  The hearing included participants from the U.S.

Posted By Sharon Bahr read more

MFOEL Webinar August 15

Aug
06

A number of credit unions remain concerned about multi-featured open-end lending (MFOEL) following the issuance of National Credit Union Administration's (NCUA) letter to federal credit unions last month (NCUA Letter No. 12-FCU-02).

Posted By Sharon Bahr read more

NCUA Holds Final Listening Session

Aug
06

Chairman Matz addressed a number of issues at National Credit Union Administration's (NCUA) sixth and final listening session in Denver earlier in the week of July 30, such as concern

Posted By Sharon Bahr read more

CFPB Issues: CUNA's CHART and Advocacy

Aug
06

Credit unions and leagues are very concerned about the number, scope, and heft of current and developing Consumer Financial Protection Bureau (CFPB) regulations. The Credit Union National Association (CUNA) shares those concerns.

Posted By Sharon Bahr read more

NACHA Resource on FFIEC Internet Banking Authentication

Jul
27

On July 19, 2012, NACHA –The Electronic Payments Association released a resource for financial institutions regarding the implementation of the Federal Financial Institutions Examination Council (FFIEC) Internet Banking Authentication guidance from June 2011.  NACHA’s resource is intended to identify sound business practi

Posted By Sharon Bahr read more

FSOC "Systematically-Important" Financial Market Utilities; Fedwire & Payments System Risk

Jul
27

On July 18, 2012, the Financial Stability Oversight Council (FSOC) issued a statement and designated eight “systemically important” financial market utilities (FMUs) that would be subject to heightened risk management standards.  Chairman Matz represents the National Credit Union Administration on the FSOC, which includes the U.S. Treasury, Federal Reserve Board, and other financial regulators.  However, the policies of the FSOC as currently developed do not apply to credit unions.

Posted By Sharon Bahr read more

2012 Missouri State Legislative Wrap-up

Jul
26

2012 Missouri State Legislative Wrap-up

The Missouri General Assembly passed several bills that have impact for credit unions and their members in the 2012 legislative session.  An overview of the legislation is below. The effective date for new laws is August 28, 2012.

Posted By Amy McLard read more

CUNA Comment Letters

Jul
26

CUNA Comments on CFPB Proposal re Disclosure of Consumer Complaint Data

Posted By Sharon Bahr read more

Governor Jay Nixon Meets with Missouri Credit Unions

Jul
25

Governor Jay Nixon Meets with Missouri Credit Unions

At a meeting with Missouri credit union representatives, Governor Jay Nixon (D) recognized the important role credit unions play in Missouri’s economic and financial landscape.

Posted By Amy McLard read more

TCCUSF Assessment Set at 9.5 Basis Points

Jul
25

During its July 24 meeting, the NCUA Board announced that the Temporary Corporate Credit Union Stabilization Fund assessment will be 9.5 basis points of insured shares.

Posted By Halley Hayden read more

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