WASHINGTON–The Financial Services Oversight Council (FSOC), of which NCUA is a member, has released six recommendations in its annual report, including what it wants to see related to non-banks and oversight of what it called the “crypto-asset ecosystem.”
ALEXANDRIA, Va.—Even though NCUA’s long requested authority to oversee third-party vendors has not been included in the National Defense Authorization Act (NDAA) passed by both the House and Senate, the agency’s chairman is praising the Treasury Secretary for continuing to support the authority.
FITCHBURG, Mass.– IC Credit Union has selected more than 50 charities and non-profits for funds from its Great Holiday Giveback program.
MADISON, Wis—As the season of giving comes to an end, the CEOs of two credit unions are challenging their peers to support the Worldwide Foundation for Credit Unions’ Bridge the Gap campaign
WASHINGTON–CUNA has named Robert Lewis as its new executive vice president and chief advocacy officer. Lewis, who will lead CUNA’s advocacy efforts on Capitol Hill, succeeds Ryan Donovan, who exited CUNA earlier this year to take over as CEO of the Council of Federal Home Loan Banks.
SEATTLE—As part of its 10th annual People Helping People Awards, BECU granted $525,000 to nonprofits nominated by its membership.
WASHINGTON—Rep. Blaine Luetkemeyer (R-MO) has introduced the Consumer Information Notification Requirement Act, would amend the Gramm-Leach-Bliley Act (GLBA) to require federal financial regulators to set forth rules requiring financial institutions to notify consumers of breaches. Luetkemeyer said the objective is to better protect consumers’ financial information.
WASHINGTON–With the current session of Congress nearly over, the Merchants Payments Coalition is keeping up its pressure in support of the Credit Card Competition Act, issuing statements and backing advertising that alleges rising card “swipe fees” could “potentially cost consumers over $20 billion in higher prices for everything from dreidels to Christmas trees this holiday season.”
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has issued a notice of proposed rulemaking (NPRM) dictating who will be able to access beneficial ownership information under the Corporate Transparency Act (CTA).
BRUSSELS, Belgium—A worldwide three-month action involving law enforcement from 25 countries has confiscated more than $18.39 million from “money mules” and nearly 2,500 suspects have been arrested, according to the Organized Crime and Corruption Reporting Project.
