This week, Congress has a busy schedule tackling several credit union issues and the White House is expected to release its budget proposal for fiscal year 2024. NAFCU’s award-winning advocacy team will continue elevating credit union priorities to lawmakers and regulators to ensure the issues are top of mind.
As more consumers fall victim to fraud scams on peer-to-peer (P2P) payment apps, a group of Democrat senators sent a letter to federal banking regulators – including the NCUA – calling on the agencies to review customer reimbursement and anti-money laundering (AML) practices of financial institutions that participate in the Zelle network.
House Financial Services Committee Chairman Patrick McHenry, R-N.C., and Sen. Cynthia Lummis, R-Wyo., wrote to federal banking regulators with concerns over a recent bulletin from the Securities and Exchange Commission (SEC), which tells cryptocurrency platforms that they should consider their customers’ digital assets when performing risk analyses.
Deepen your understanding of BSA's anti-money laundering requirements and the regulations Credit Unions must comply with at NAFCU’s highly regarded BSA School in Louisville, Kentucky August 15 – 17, 2023. Save $200.00 with the code BSASAVINGS for a limited time.
The Community Development Financial Institution (CDFI) Fund is seeking public comment on financial assistance and technical assistance applications for the CDFI program and Native American CDFI Assistance (NACA) program. CDFI-designated credit unions would be required to use the updated applications to apply for these funds.
You’ll explore the state of lending—risks and opportunities, winning the member experience, optimizing your fintech strategies and more! Charleston has been voted America’s #1 small city by Condé Nast “2022 Readers’ Choice Awards.” View Agenda.
