InfoSight Spotlight: Regulators encourage innovation for BSA/AML compliance

The Federal Reserve Board, FDIC, FinCEN, NCUA, and OCC have issued a joint statement to encourage banks and credit unions to consider, evaluate, and, where appropriate, responsibly implement innovative approaches to meet their Bank Secrecy Act/anti-money laundering (BSA/AML) compliance obligations. The joint statement does not alter existing BSA/AML legal or regulatory requirements, nor does it establish new […]

Credit, debit use analysis reveals spending trends

Recent analysis of Thanksgiving Day through Cyber Monday card transaction data shows credit and debit cardholders are increasingly completing their holiday shopping online and spending more money on experiences, according to CO-OP Financial Services. This year, 27.5 percent of credit card transactions processed by CO-OP came from electronic environments, compared to 25.0 percent in 2017. Debit […]

Regulatory Reform Task Force reports to NCUA

The NCUA board will hear recommendations from the agency’s Regulatory Reform Task Force at its Dec. 13 meeting. Scheduled for 10 a.m. ET, the meeting is the board’s final of 2018 and will be streamed live at NCUA.gov. NCUA released a list of potential reforms in August 2017, and CUNA thanked NCUA for its approach and suggested additional reforms in its […]

Juntos Avanzamos webinar scheduled for Dec. 13

Register today for a new webinar open to all credit unions, Developing a Hispanic Growth Strategy & Measuring Your Success, on Dec. 13 at 1 p.m. CT. Juntos Avanzamos credit unions are the leaders in serving the Hispanic marketing nationwide. They continue to serve and welcome the Hispanic community to the industry and it is […]

Kraninger named new director of BCFP

The Senate voted Dec. 6 to confirm Kathy Kraninger to lead the Bureau of Consumer Financial Protection in a party-line vote, 50 to 49. Kraninger replaces Acting Director Mick Mulvaney, and was approved by the Senate Banking Committee in August. She will serve a five-year term as head of the bureau. Prior to being announced head of the […]

CU Happenings – Dec. 7, 2018

IBMSECU’s SECUF holds annual Jingle Bells to lift seasonal spirit This December, IBM Southeast Employees’ Credit Union’s Southeast Credit Union (SECU) Foundation is hosting the second annual Jingle Bells at the Branches events. The SECU Foundation believes that children are our future and that investing in their success now is important. Members of the community were […]