The loan delinquency rate was up at credit unions at midyear, compared to a year earlier, as credit union assets also grew during the same period, their federal regulator said Monday. In a release, the […]
Updated for Federal Register notices, comment deadline. Managing risks associated with third-party relationships is the subject of proposed guidance issued Friday by federal banking and credit union regulators. The banking agencies also issued a statement […]
Financial institutions may use state-issued mobile driver’s licenses (mDLs) and other government-issued digital credentials for ID verification under the Bank Secrecy Act (BSA)/anti-money laundering (AML) customer ID program (CIP) rule, federal regulators said Tuesday. Treasury’s […]
Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is […]
The conservatorship of WeDevelopment Federal Credit Union of Kansas City, Mo., ended with the credit union merged into CommunityAmerica Federal Credit Union, Lenexa, Kan., according to a release Tuesday. The National Credit Union Administration (NCUA) […]
A former employee’s misconduct caused Centra Credit Union, Columbus, Ind., more than $350,000 in losses, according to an August consent prohibition announced Monday that bars her permanently from any future work in federally insured financial […]
Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other […]
A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated […]
There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, […]
The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant […]
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