Regulatory & Compliance

Credit unions in Oregon celebrated their numerous legislative successes when the state House and Senate adjourned.

The North Carolina Credit Union Division recently received re-accreditation from NASCUS, the group announced.

Last week the Federal Reserve Board and Treasury's Financial Crimes Enforcement Network announced a $65 million assessment against American Express Bank International and American Express Travel Related Services Company, Inc. for Bank Secrecy Act violations.

Credit unions and their representatives, as well as banks and their respective organizations, weighed in on NCUA's proposed changes to its Field of Membership and Chartering Manual from their own unique perspectives generating dozens of comment letters.

WASHINGTON -- Edward Yingling, president and CEO of the American Bankers Association has weighed in with his most recent offering in the ongoing tit-for-tat exchange of letters over whether to tax credit unions.

WASHINGTON -- Edward Yingling, president and CEO of the American Bankers Association has weighed in with his most recent offering in the ongoing tit-for-tat exchange of letters over whether to tax credit unions.