WASHINGTON—UBS Financial Services Inc. (UBSFS) has been assessed a $14.5-million penalty by the Financial Crimes Enforcement Network (FinCEN) for Bank Secrecy Act (BSA) violations.
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WASHINGTON–The partial shutdown of the federal government shows no signs of being resolved soon, and should it last through month’s end many credit unions will see members taking advantage of the various relief offers being made.
WASHINGTON–During testimony before the House Financial Services Committee at a hearing titled “A Legislative Proposal to Provide for a Sustainable Housing Finance System: The Bipartisan Housing Finance Reform Act of 2018,” one credit union CEO outlined reasons CUs support the proposal.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has released the 2019 scorecard it will use to assess the government-sponsored enterprises' (GSEs) – Fannie Mae and Freddie Mac – progress made toward their three conservatorship priorities.
WASHINGTON–CUNA has joined with the Illinois and Wisconsin Credit Union Leagues in filing a brief in the U.S. Court of Appeals for the 7th Circuit in support of Aurora Policemen Credit Union, which is facing a lawsuit due to uncertainty with the Americans with Disabilities Act (ADA).
LAFAYETTE, La.–Meritus Credit Union here has agreed to pay $110,000 to a former branch manager to settle a federal discrimination lawsuit, according to the U.S. Equal Employment Opportunity Commission (EEOC).
HANSCOM AFB, Mass.–Hanscom Federal Credit Union has announced a membership payout for 2018.
MADISON, Wis.— John Pembroke, president and CEO of CUES, has been named one of Wisconsin’s 42 Most Influential Black Leaders by Madsion365, a nonprofit online news outlet.
WASHINGTON—The House has passed the Retirement, Savings, and Other Tax Relief Act (H.R. 88). The Senate is not expected to take up the bill.
PASADENA, Calif.–Pasadena Federal Credit Union has named a new president/CEO. The credit union has selected Christopher O’Malley to lead the organization, following the retirement of Ron Berry after 30 years of service.