NCUA seeks comments on new financial technologies

The NCUA is seeking comments on the use of emerging financial technologies, such as blockchain and cryptocurrencies, and NCUA’s role in safeguarding the credit union system. The agency’s Blockchain Working Group briefed the board about opportunities and risks represented by these technologies and identified challenges around their use, including safety and soundness and regulatory compliance. […]

Washington Wire – Dec. 18, 2018

Both the House and Senate are in session this week. The Senate returns today, and the House returns on Wednesday. The Congress passed a two-week continuing resolution that funds the federal government, and authorized the National Flood Insurance Program, for two weeks – until midnight on Dec. 21. The House and Senate are expected to […]

InfoSight Spotlight: Treasury releases report on postal banking

The U.S. Department of the Treasury released a report on the future of the United States Postal System.  The report offered several recommendations that would alter the USPS’s business model to increase the sustainability of the system without increasing costs to taxpayers. While the report generally encourages the USPS to explore new revenue streams, it also directly […]

Schedule now for BSA Workshops in 2019

Registration is now open for the LSCU Bank Secrecy Act Workshops in April 2019. Join us in Birmingham, AL, on April 9 or in Jacksonville, FL, on April 11. This educational event provides an overview of credit union specific BSA regulations and will assist credit unions in remaining compliant with BSA training requirements. Some knowledge […]

FCC approves creation of reassigned numbers database

The Federal Communications Commission (FCC) approved a Report and Order to create a reassigned numbers database to combat unwanted robocalls. Credit unions have faced questions about liability when contacting members with account information under the TCPA, and CUNA has pushed the FCC to take several steps to remedy this issue. One solution is for the FCC to […]