WASHINGTON--The Defense Credit Union Council recently submitted comments regarding the Financial Crimes Enforcement Network’s (FinCEN) proposed rule establishing a whistleblower program designed to encourage reporting of potential violations of the Bank Secrecy Act (BSA) and other anti-money laundering and national security laws.
WASHINGTON—Federal banking regulators under President Trump are undertaking what Reuters described as the most significant overhaul of bank supervision since the 2008 financial crisis, shifting examiner focus away from process and compliance issues and toward what agencies consider “material” financial risks.
WASHINGTON – America’s Credit Unions Tuesday released a white paper calling for a federal data privacy standard that preempts state privacy regulation, while recognizing the existing compliance obligations already in place for credit unions.
MADISON, Wis.– The National Credit Union Foundation Tuesday released its 2025 Impact Report, highlighting how credit unions across the country are working together to improve financial well-being and strengthen communities.
TAMPA– ProBridge, a wholly owned subsidiary of Trellance Cooperative Holdings, Inc., has launched AI Labs, a new solution now available to existing and prospective ProBridge clients.
TAMPA-- Velera Tuesday announced that Brian Caldarelli has been appointed president and will oversee the company’s day-to-day operations.
HUNTINGTON BEACH, Calif.—NCUA said Beverly Hills City Employees FCU has merged into Nuvision FCU here, effective June 1, following several months in conservatorship after the regulator determined the transaction was in the best interest of members.
WASHINGTON—The U.S. Government Accountability Office is warning that the Treasury Department’s decision to scale back beneficial ownership reporting requirements under the Corporate Transparency Act (CTA) could leave significant gaps in the government’s ability to detect money laundering, fraud and other illicit financial activity conducted through anonymous shell companies.
BOSTON—Former Federal Reserve Chair Jerome Powell warned that political interference in monetary policy could permanently damage public confidence in the central bank, describing the institution as undergoing a significant “stress test,” according to The Guardian.
SAN FRANCISCO—Anthropic said it is launching an upgraded version of its Claude Opus model while continuing preparations to make its closely watched Mythos artificial intelligence model broadly available in the coming weeks, according to Reuters.
