WASHINGTON—In response to a proposal calling for the establishment of a limited-duration pilot program to give financial institutions the ability to share SARs and SARS-related information with the institution’s foreign branches, NAFCU has written to FinCEN with recommendations.
Fresh Today
NEW YORK—The two biggest U.S. card networks are preparing revisions to their interchange schedules that at least one research firm says will cost U.S. merchants an estimated $475 million in additional transaction fees.
WASHINGTON—The Office of the Comptroller of the Currency (OCC) has issued a final rule amending the OCC’s suspicious activity report (SAR) regulations.
WASHINGTON—Changes to NCUA’s rating system—to CAMELS from CAMEL—start April 1.
WASHINGTON—Since the start of the pandemic, banks have reported more sophisticated cyber-attacks, according to Lisa Arquette, associate director of the FDIC’s anti-money laundering and cyber fraud division.
LONDON—People sending money from the United States, the United Kingdom and Canada have continued to adjust their remittance habits due to the COVID-19 pandemic, a new study finds.
MADISON, Wis.–With the Fed now embarking on a monetary tightening cycle, credit unions should look for lending to slow next year and a recession by early 2025, according to a new CUNA Mutual forecast.
WASHINGTON–A governor on the Federal Reserve Board said the appreciation in home prices may have forced many would-be buyers to the sidelines, but the trendline poses less risk to financial stability than similar increases in the mid-2000s that led to a housing bubble and subsequent collapse.
DENVER–Colorado’s credit unions have lost a battle in the state legislature and will not be permitted to accept deposits from local governments.
ST. LOUIS– What are the factors that have led so many people to quit their jobs? A new survey of workers who have quit and contributed to the “Great Resignation” offers some answers.