WASHINGTON—Senate Banking Committee Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) have reached an agreement on reforms to the Bank Secrecy Act (BSA)/anti-money laundering (AML) regime.
Fresh Today
ST. PETERSBURG, Fla.—While credit and debit transaction growth rates have been strong in recent weeks, PSCU said it is uncertain how long the trend might continue given the increasing spread of COVID-19 in many states.
WASHINGTON–Credit unions are paying attention to a number of hearings on Capitol Hill this week—especially a markup of the National Defense Authorization Act—as well as primaries in three different states taking place today.
ARLINGTON, Va.–A last-minute decision by NCUA Chairman Rodney Hood to pull a proposal related to risk-based net worth proposal from last week’s agency board meeting surprised many, but what it actually means is uncertain, according to NAFCU.
WASHINGTON—The Federal Reserve continues to take steps aimed at safeguarding the financial strength of the nation’s banks during the economic downturn, by again restricting shareholder payouts and capping dividend payments during the third quarter.
PLANO, Texas–Could interest rates actually go lower than zero? It’s a possibility, according to Mark Wert, a senior advisor at Catalyst Strategic Solutions.
WASHINGTON—The Federal Communications Commission (FCC) is set to consider an order and further notice of proposed rulemaking (FNPR) related to establishing a safe harbor from liability for voice service providers (VSPs) that block unwanted calls during its meeting July 16.
MADISON, Wis.–The World Council of Credit Unions said it will pilot a “Gender Lens Investment” (GLI) for credit unions worldwide to integrate optimal systems that can connect women with needed capital.
VERMILLION, S.D.–Vermillion FCU recently here has launched a community appreciation project it is reporting has proven to be a great success, especially for its social media outreach.
WASHINGTON–The Independent Community Bankers of America (ICBA) has sent a list of recommendations to Congress on what should be included in the next legislative stimulus package to support local communities during the coronavirus pandemic.