WASHINGTON – As a result of a working group established by the U.S. Department of the Treasury’s Office of Terrorism and Financial Intelligence, the federal bank regulatory agencies and the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) have issued a joint statement on their risk-focused approach to Bank Secrecy Act (BSA)/anti-money laundering (AML) supervision.
ALEXANDRIA, Va.–United States Senate FCU has named its new headquarters building after a long-time and legendary Capitol Hill staffer, an honor that received national media coverage from CBS This Morning.
ALEXANDRIA, Va.–United States Senate FCU has named Timothy L. Anderson as its interim president and CEO. Anderson replaces former CEO Kenneth Kramer, who has left the $964-million USSFCU.
TALLAHASSEE, Fla.–The CUSO United Solutions Co. and the fintech ENACOMM said they have entered into a partnership to help credit unions roll out apps more quickly. Tulsa-based ENACOMM primarily provides solutions it says are designed to improve the customer experience (CX), as well as to fight financial fraud, and increase operational efficiency.
ATLANTA – The Georgia Credit Union Affiliates has released its 2019 Helping People Afford Life Outreach Report, which seeks to highlight the many ways credit unions have helped Georgians afford life over the past year.
HOBOKEN, N.J.–A new analysis offers updated insights on debt held by private student loan borrowers, including the discovery of “wide financial disparity between those who apply and those who get approved.”
SURREY, B.C.–Coast Capital Savings Credit Union here said it has formed a partnership with OnDeck Canada, a provider of commercial lending, to “accelerate online lending” to its small business members.
CHICAGO –A new survey of more than 450 financial services executives has found value in having someone responsible for ethics within an organization.
WASHINGTON–The Independent Community Bankers of America has joined with the American Bankers Association and the Appraisal Institute in blasting NCUA for making changes in its rules for appraisal thresholds.
WASHINGTON—Sen. Elizabeth Warren (D-MA) has introduced legislation that would resurrect some provisions of the Glass-Steagall Act, including one again separating commercial banks from investment banks, among other things.
