Title: Request for Information and Comment: Extent to Which Model Risk Management Principles Support Compliance with Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Assets Control Requirements Subject: BSA/AML, OFAC compliance Agency: FDIC, Federal Reserve, […]
Feedback on how much the principles in the 2017 interagency “Supervisory Guidance on Model Risk Management” support compliance by banks and credit unions with Bank Secrecy Act/anti-money laundering (BSA/AML) and Office of Foreign Assets Control […]
Approximately $1.5 million in awards to support digital services and cybersecurity, mentoring of small minority depository institution (MDI) credit unions, and service to underserved communities will be available to low-income-designated credit unions during 2021, the […]
Credit union regulator board Chairman Todd Harper has been named chairman of the umbrella group that coordinates actions of federal financial institution regulators, the group said Thursday. Harper, chairman of the National Credit Union Administration […]
The tiny Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Ind., conserved in January, on Wednesday became the first federally insured credit union closed in 2021, its federal regulator announced. The National Credit Union Administration (NCUA) […]
A former Iowa credit union worker was prohibited from ever again working in a federally insured financial institution after being sentenced on a charge of bank fraud, the credit union federal regulator said Wednesday. According […]
The Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corp. (FDIC), Federal Reserve, National Credit Union Administration (NCUA), and Office of the Comptroller of the Currency (OCC) are gathering information and comments on financial institutions’ […]
Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]
The National Credit Union Administration (NCUA) will host a webinar on compliance with anti-money laundering laws and regulations affecting credit unions. Topics include recently issued Bank Secrecy Act/anti-money laundering (BSA/AML) statements; actions for managing high-risk accounts; […]
Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]
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