Regulatory & Compliance

WASHINGTON - The federal bank and thrift regulatory agencies June 1 announced the availability of the latest list of distressed or underserved nonmetropolitan middle-income geographies for which banks can receive "community development" credit.

WASHINGTON - The Senate Banking Committee was slated to hold confirmation hearings on a number of financial services-related nominees on June 8.

WASHINGTON - The Government Accountability Office was recently tasked with investigating how federal banking regulators, including NCUA, examine for Bank Secrecy Act compliance and identify and track violations for speedy fixes.

WASHINGTON - Two programs under NCUA's purview have taken their first steps in the appropriations process for the 2007 Fiscal Year.

WASHINGTON - Credit unions citing NCUA as their primary regulator more than doubled the number of suspicious activity reports they filed last year.

TUCSON, Ariz. - Tucson Federal Credit Union recently announced that it was approved for a community charter.