Regulatory & Compliance

State chartered credit unions in California will operate under an updated set of rules next year, thanks to a Credit Union Modernization Bill that sailed through the legislature with no opposition.

The Federal Reserve Board and Treasury's Financial Crimes Enforcement Network have announced $65 million in penalties assessed against American Express Bank International and American Express Travel Related Services Company, Inc. for violations of the Bank Secrecy Act.

Co-sponsorship for the Credit Union Regulatory Improvements Act (H.R. 1537) reached 122, including primary sponsor Congressman Paul Kanjorski (D-Pa.), prior to Congress recessing for its tradition month-long break in August.

Co-sponsorship for the Credit Union Regulatory Improvements Act (H.R. 1537) reached 122, including primary sponsor Congressman Paul Kanjorski (D-Pa.), prior to Congress recessing for its tradition month-long break in August.

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).