CUNA News Archives

Compliance: FinCEN, banking agencies encourage AML innovation

Compliance: FinCEN, banking agencies encourage AML innovation

The Treasury’s Financial Crimes Enforcement Network (FinCEN) and its regulatory partners issued a joint statement last week to encourage credit unions and other financial institutions to take innovative approached to combat money laundering and [...]

PODCAST: Are fintechs friends or foes?

PODCAST: Are fintechs friends or foes?

As fintechs continue to increase their presence in the financial services industry, credit unions must decide to either form partnerships with these potential disruptors or compete against them. The first step in making this decision [...]

NCUA board to hear regulatory reform final report Dec. 13

NCUA board to hear regulatory reform final report Dec. 13

The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. (ET), the meeting is the board’s final of 2018 and [...]

Senate to vote on Kraninger for BCFP director Thursday

Senate Majority Leader Mitch McConnell (R-Ky.) announced the Senate will vote Thursday on the nomination of Kathy Kraninger to lead the Bureau of Consumer Financial Protection. Kraninger was nominated to replace Acting Director Mick Mulvaney, [...]

Data drives smart decisions

Data drives smart decisions

Fred Lizotte believes it’s important to not only understand where you’ve come from, but also what role credit unions will play for tomorrow’s members. As the business intelligence manager for Infinity Federal [...]

Additional nomination received for CUNA Board election

Additional nomination received for CUNA Board election

Nominations are being accepted for eight open director positions on CUNA’s board of directors. The following positions are open for nomination. District 2--Delaware, District of Columbia, Indiana, Kentucky, Maryland, Ohio, Virginia and West Virginia: [...]

All in the family

All in the family

Cheryl Doss has been called a “dream builder.” When asked about her day-to-day responsibilities, she says that they entail “making dreams come true,” adding, “Who wouldn’t want to go to work and do that?” [...]

CUNA talks CU jobs, rulemakings in meeting with DOL

CUNA talks CU jobs, rulemakings in meeting with DOL

CUNA met with the Department of Labor (DOL) Monday to discuss several credit union related issues Monday. In addition to discussions on DOL rulemakings, CUNA provided the agency with data estimating the credit union sector [...]

Compliance: FFIEC issues update to Exam Modernization Project

Compliance: FFIEC issues update to Exam Modernization Project

The Federal Financial Institutions Examination Council (FFIEC) released its second update on its Examination Modernization Project this week, following one from March of this year. According to the FFIEC, further action and additional updates may [...]

CUNA to Senate Committee: BSA/AML relief needed

CUNA to Senate Committee: BSA/AML relief needed

CUNA supports efforts to track money laundering and terrorist financing but also believe it's important to strike the balance between the costs to financial institutions and the benefits to the federal government it wrote Thursday. [...]

PODCAST: The benefits of mortgage subservicing

PODCAST: The benefits of mortgage subservicing

Thin margins have credit unions looking for any opportunity to save money and create efficiencies of scale. One way to do both is with mortgage subservicing, which allows credit unions to outsource all facets of [...]

Recording available of CUNA’s faster payments webinar

Recording available of CUNA’s faster payments webinar

CUNA members can register for free to access a recording of Wednesday's webinar on the Federal Reserve’s development of faster payments, designed to answer member questions and solicit feedback for CUNA’s comments. The [...]

CUNA calls for CU relief changes in new tax bill

CUNA calls for CU relief changes in new tax bill

CUNA raised concerns with several taxes contained the Tax Cuts and Jobs Act in a letter to legislators sent Monday. The letter was sent to Sen. Orrin Hatch (R-Utah), Sen. Ron Wyden (D-Ore.), Rep. Kevin [...]

America’s Credit Unions Invited to ‘Vote for Miracles’

America’s Credit Unions Invited to ‘Vote for Miracles’

With the simple click of a mouse, credit union members and employees can make a difference in the lives of sick and injured children in their community. Tuesday kicks off the annual Credit Unions for [...]

Compliance: Fed, BCFP propose changes to Reg. CC

Compliance: Fed, BCFP propose changes to Reg. CC

The Federal Reserve and Bureau of Consumer Financial Protection jointly issued a proposal last week that would make changes to Regulation CC, which implements the Expedited Funds Availability (EFA) Act. The proposal also provides an [...]