Regulatory & Compliance

WASHINGTON --Moved to action after a two-week recess and hearing the complaints of constituents, members of Congress are now preparing legislation to offer help to troubled homeowners facing foreclosure.

WASHINGTON --Moved to action after a two-week recess and hearing the complaints of constituents, members of Congress are now preparing legislation to offer help to troubled homeowners facing foreclosure.

The NCUA Board has issued an order prohibiting two individuals from participating in the affairs of any federally insured financial institution.

The federal bank, thrift, credit union and Farm Credit System regulatory agencies are requesting public comments on new and revised interagency questions and answers regarding flood insurance for the Interagency Questions and Answers Regarding Flood Insurance that was first published in 1997.

The Financial Crimes Enforcement Network issued advisories to banks and other financial institutions of serious deficiencies in the anti-money laundering systems of the Republic of Uzbekistan, the Turkish Cypriot administered area of Cyprus, and the Islamic Republic of Iran.

NAFCU is encouraging credit unions to make their voices heard during a series of public comment meetings hosted by the Small Business Administration on its lender oversight and credit risk management systems.