Advanced search

ALEXANDRIA, Va.–NCUA, along with the Financial Crimes Enforcement Network and three other federal depository institutions regulators, has issued a joint statement encouraging depository institutions to explore innovative approaches to meet their Bank Secrecy Act and anti-money laundering compliance obligations and to further strengthen the financial system against illicit financial activity.

WASHINGTON—During a hearing before the House Financial Services Committee later this week, Rick Stafford, president and CEO of Tower Federal Credit Union in Laurel, Md., will share with lawmakers credit unions' priorities and concerns with a bipartisan housing finance reform bill.

ONTARIO, Calif.—Although it can be tempting to chase the next new shiny object, in 2019 credit unions should focus on a trio of core issues, and “forget” about one other, according to CU Direct. 

WASHINGTON–Both the House and Senate are in session this week, but the already tight schedule in the lame duck session is being altered following the death of former President George H.W. Bush.

LONDON—Uber Technologies, which is already facing a range of legal and regulatory headaches in London, has been fined $675,972 over a cyber-attack that compromised the data of millions of customers and tens of thousands of drivers.

WASHINGTON— Michelle W. Bowman has been sworn in as a member of the Board of Governors of the Federal Reserve System.

RANCHO CUCAMONGA, Calif.—The human eye is no longer a reasonable defense against cyberthieves, asserts CO-OP Financial Services, which expects many more credit unions next year will invest in artificial intelligence-backed fraud fighting tools.

COLORADO SPRINGS, Colo. – Ent Credit Union has introduced a new “Lock & Shop” rate protection program it says allows members to lock in their mortgage loan interest rate right away and then shop for their home.

ALEXANDRIA, Va. – The National Credit Union Administration has selected Andrew Leventis as its new chief economist.

BRUSSELS —The European Parliament Credit Union Interest Group met here with the European Network of Credit Unions to discuss  limiting regulatory burdens on credit unions as a means of promoting access to financial services for ordinary Europeans.