Whatcom Educational CU volunteers to go first. "We have so many auditors looking at us anyway, what's one more?"
In mid-October, Whatcom Educational Credit Union in Bellingham, Wash., will undergo one of the Evergreen State’s first separate examinations for consumer compliance, now required of all Washington state chartered credit unions with more than $500 million in assets.
New rule exam for Evergreen State credit unions focuses on consumer and regulatory compliance, including FFIEC, BSA.
The closing of Vensure FCU raises questions about how NCUA supervised or failed to supervise a federally chartered CU.
NAFCU has told the House Financial Services Committee that it supports HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act.