Regulatory & Compliance

NCUA and the federal banking agencies and others have revised the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual again.

Ryan Donovan has made the change from California & Nevada Credit Union League director of federal government affairs to CUNA vice president of legislative affairs as of Sept. 4.

Federal credit unions located in Hawaii must comply with the requirements of the Hawaii Financial Abuse Act that requires federal credit unions to report suspected financial abuse of an elder, according to an NCUA legal opinion.

A July report from the Congressional Research Service said that both Treasury and credit unions may oppose the Communities First Act (H.R. 1869) over its tax relief provisions.

The Federal Financial Institutions Examination Council released an updated version of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual today.

NCUA today issued several orders of prohibition against former credit union employees, including one from Dover New Jersey Spanish American Federal Credit Union currently under a cease and desist order from the agency.