International credit union trade group cautions that the NCUA and other U.S. regulators often implement Basel ideas.
New Basel guidance for weak institutions recommends risk-based capital for all.
As May 28 comment deadline looms, reaction runs deep to risk-based capital rule from NCUA.
Read why industry leaders think parity of Basel III is inappropriate for credit unions and what the NCUA should do instead.
WOCCU advocates for credit unions struggling under the weight of AML, BSA and other regulatory burdens.
Banks say small business loans are too expensive to justify their minimal returns.
Comment letter from World Council in response to AML clarifications sought by Paris-based Financial Action Task Force.
Most Canadian credit union executives can't remember a time when they didn't have to pay a nominal tax on income. But in the near future, the 40-year-old credit union tax, like most taxes, will increase.
WOCCU executive counters Canadians' Water Cooler Symposium claims about power of paying taxes.
The World Council of Credit Unions urged the Basel Committee on Banking Supervision to strive for greater clarity in its recent “Sound Management of Risk Related to Money Laundering and Financing of Terrorism” consultative document. The Basel Committee’s AML rules are one of the international standards that influence U.S. credit unions’...