Regulatory & Compliance

WASHINGTON--The Credit Union Regulatory Improvements Act (H.R. 1537) gained four more co-sponsors yesterday.

The Treasury Department has announced that it will sponsor an industry-wide exercise in the fall for the financial services sector to test its response plan for pandemic.

Legislation backed by the financial services industry that could potentially name the source of data security breaches and require reimbursement by retailers where the breaches occurred is stalled.

On May 21, credit union representatives swarmed the New York State legislature advocating against the taxation of credit unions and for allowing credit unions to take municipal deposits.

WASHINGTON -- The Federal Reserve Board announced that it has approved a final rule removing several statutory reporting and disclosure requirements concerning insider lending at insured depository institutions.

WASHINGTON -- In its fourth year of life, the Credit Union Regulatory Improvements Act (H.R. 1537) may have the chance for legislative progress in both Houses of Congress.