The Financial Crimes Enforcement Network (FinCEN) has released summaries of its public roundtable meetings held in Los Angeles, New York City, and Chicago regarding the agency’s advance notice of proposed rulemaking (ANPR) on customer due diligence (CDD) requirements that would apply to financial institutions, including credit unions.
The Financial Crimes Enforcement Network (FinCEN) has released its summary and prepared remarks from its July 2012 public hearing regarding the agency’s advance notice of proposed rulemaking (ANPR) on customer due diligence (CDD) requirements for financial institutions, including credit unions. Credit Union National Association (CUNA) staff attended the hearing, and the Missouri Credit Union Association (MCUA) submitted a comment letter on May 4, 2012.
On Tuesday, July 31, the U.S. Treasury Financial Crimes Enforcement Network’s (FinCEN’s) held a public hearing on the customer due diligence (CDD) Advance Notice of Proposed Rulemaking (ANPR) that was issued in March 2012. The hearing included participants from the U.S.
National Credit Union Administration's (NCUA) July Board meeting will have a weighty agenda, particularly compared to previous months such as June when there was no open board meeting. NCUA has not released the official agenda yet (the agency is required by law to publish the agenda a week before the meeting).
The National Credit Union Administration (NCUA) is preparing to unveil several significant changes to the Central Liquidity Facility (CLF). These changes will have an impact on both natural person and corporate credit unions.
NCUA will issue FAQs later this month that describe the changes contemplated for CLF, as a result of the demise of US Central.
The National Credit Union Administration Board (NCUA) has issued an advance notice of proposed rulemaking (ANPR) regarding how credit unions should maintain access to emergency liquidity. Specifically, NCUA is seeking comments on the scope and requirements of a potential new regulation to require all federally-insured credit unions to have access to backup federal liquidity sources in times of financial
