Victory for CUs as House passes S.2155

On Tuesday, the U.S. House of Representatives voted on and passed S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. This is a great victory for credit unions, as it will provide regulatory relief to Main Street financial institutions including credit unions and community banks while maintaining regulations for Wall Street. Today’s victory […]

New mobile app available for SCUCE 2018

The LSCU is launching our new, user-friendly mobile app just in time for SCUCE. The interactive app, LSCU Events, will help promote League activities and provide a messaging platform for specific groups, as well as all of our credit unions. We can also provide updates using the app with the latest news through push messaging. […]

Washington Wire – May 22, 2018

This week, both chambers of Congress will be in session. The House of Representatives will consider S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act.  In addition, the House will vote on H.R. 5515, the National Defense Authorization Act for Fiscal Year 2019 and S. 204, the Trickett Wendler, Frank Mongiello, Jordan McLinn, […]

Three elements of the 21st century credit union

We’ve all heard the cliché that companies today need to act like technology start-ups. But what does that really mean? “It’s not just about technology,” futurist Mike Walsh told attendees at the 2018 CUNA CFO Council Conference Sunday in Austin, Texas. “Technology changes the hardware of your business. You also need to change your software. […]

InfoSight Spotlight: FFIEC updates CDD/Beneficial Ownership exam procedures

Last week, the FFIEC issued new examination procedures on the “Customer Due Diligence Requirements for Financial Institutions” rule finalized by FinCEN on May 11, 2016. The new examination procedures replace those in the current “Customer Due Diligence — Overview and Examination Procedures” section of the FFIEC’s Bank Secrecy Act/Anti-Money Laundering Examination Manual. In addition, a new overview and […]