Regulatory & Compliance

NCUA and the Financial Crimes Enforcement Network recently announced a joint Bank Secrecy Act Webinar to help credit unions understand their BSA obligations. The Feb. 6 Webinar, entitled BSA: A Year in Review and Setting the Table for 2007, will cover a wide range of areas regarding BSA compliance, including:...

NCUA recently issued Letter to Federal Credit Unions 07-FCU-01, which gave federal credit unions a heads up on the operating fee schedule.

Federal Reserve Bank of Boston President/CEO Cathy E. Minehan announced earlier this month that she would retire from the Bank in 2007.

NCUA Vice Chairman Rodney Hood announced the final agenda last week for his Jan. 11 Risk Mitigation Summit, including federal government and private industry representatives discussing the issues and latest trends.

CUNA and NAFCU wrote individual letters nominating four different credit union community representatives to the Financial Crimes Enforcement Network's Bank Secrecy Act Advisory Group.

NCUA announced the cancellation of its January monthly board meeting last week. The open board meeting was originally scheduled for Jan. 18, but was canceled "due to the lack of finalized agenda items," according to an agency news release. A call to the agency yielded no further information. The closed...