WASHINGTON—America's Credit Unions is backing the Treasury Department's plan to phase out paper checks for federal payments, while also applauding new FinCEN guidance that expands the ability of financial institutions to share information related to fraud.
TRENTON, N.J.—New Jersey Gov. Mikie Sherrill has ordered state agencies to review industries under their oversight for so-called "junk fees," directing regulators to recommend ways to curb hidden or excessive charges that increase consumer costs, according to POLITICO.
ALEXANDRIA, Va.—NCUA has scheduled an open board meeting for June 24 at 10 a.m. ET, marking the agency's first public board meeting since April 9.
WASHINGTON—Credit union CEOs across the country are feeling the weight of operating in an increasingly complex regulatory environment and are eager to see supervision become less politicized, according to America's Credit Unions President and CEO Scott Simpson.
BOSTON— Defense Credit Union Council Chief Advocacy Officer Jason Stverak told Massachusetts lawmakers Monday that interchange legislation being considered by the state could have consequences far beyond merchant fees, warning it risks creating a patchwork of payment rules that would complicate operations for credit unions and consumers alike.
WASHINGTON—Anthropic has disabled public access to two of its newest artificial intelligence models after the U.S. government ordered the company to prevent foreign nationals from accessing them, according to BankInfoSecurity.
ALEXANDRIA, Va.--NCUA Monday issued a final rule revising record preservation requirements for credit unions in the event of a catastrophic act, the agency announced.
WASHINGTON--Nacha’s proposal to add the Treasury’s Bureau of Fiscal Service (BFS) to the ACH Contact Registry would help credit unions fill gaps in information and has America’s Credit Unions’ support, according to America's Credit Unions.
WASHINGTON--The Internal Revenue Service’s proposal on the excise tax on remittance transfers provides clarity around several rules and requirements that are necessary for credit union compliance, stated America’s Credit Unions, which filed comments in support of the proposal Friday, also requesting clarity in several areas.
WASHINGTON--The League System is advancing credit union priorities with policymakers in Washington, D.C, and in home states and districts, America's Credit Unions reported.
