From News from America's Credit Unions <[email protected]>
Subject Examination fairness bill would improve transparency, consistency
Date April 24, 2024 11:11 AM
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April 24, 2024

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Examination fairness bill would improve transparency, consistency ([link removed] )

Bipartisan examination fairness legislation is a strong step in the right direction toward ensuring federal financial regulators conduct fair exams for those they supervise, America’s Credit Unions President/CEO Jim Nussle wrote Tuesday. The Fair Audits and Inspections for Regulators’ (FAIR) Exams Act (H.R. 8071) was introduced by Reps. French Hill, R-Ark., and David Scott, D-Ga. …

FinCEN issues analysis on elder financial exploitation ([link removed] )

The Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a Financial Trend Analysis focusing on patterns and trends identified in Bank Secrecy Act (BSA) data linked to Elder Financial Exploitation (EFE) – the illegal or improper use of an older adult’s funds, property, or assets. FinCEN examined BSA reports filed between June 15, 2022, and June …

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