WASHINGTON – CUNA said it has completed beta testing a new “comprehensive compliance solution” for credit unions. It has been testing the new solution in partnership with Quantivate, a software provider specializing in governance, risk and compliance with leagues, and a number of state leagues.
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NEW YORK –A state court judge and a former New York City cop–both of whom served on the board of Municipal Credit Union–have been arrested on different charges by federal prosecutors that range from deleting text messages to help cover up misuse of funds, abuse of controlled substances, and, ironically, fraud related to anti-fraud security.
VENTURA COUNTY, Calif. — A merger of two California credit unions that would have created a CU of more than $1 billion in assets has been called off.
DES MOINES, Iowa—Some of Iowa’s state lawmakers are again discussing taxing credit unions at the state level, with one official acknowledging it’s a divide-and-conquer strategy according to asset size. One banker even predicted success in Iowa on the tax issue would lead to similar success in other states.
PLEASANTON, Calif.–Credit unions and their members across Northern California have been dealing with power outages as Pacific Gas & Electric has been turning off electricity in areas where there are high winds in order to head off sparking wildfires should lines go down.
WASHINGTON– The Consumer Financial Protection Bureau has issued a rule that finalizes certain aspects of its May 2019 Notice of Proposed Rulemaking under the Home Mortgage Disclosure Act (HMDA).
WASHINGTON—The Federal Open Market Committee's September meeting minutes offer new insights into the committee’s decision to cut rates by 25 basis points. In addition, the FOMC also addressed recent volatility in money markets, which led to the recent announcement of a planned expansion of the Federal Reserve’s balance sheet.
WASHINGTON—President Donald Trump has signed an executive order requiring federal regulatory agencies to seek comment on major federal guidance and better explain the guidance to the public.
SACRAMENTO, Calif.—California Governor Gavin Newsom has signed into law a bill authorizing local governments to charter public banks.
OKLAHOMA CITY, Okla.–Tinker Federal Credit Union has partnered with Amazon to bring Amazon Hub Lockers to seven metro branches.