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CUNA in a comment letter said it agrees with the National Credit Union Administration's (NCUA) interim-final rule adding remittance transfers as an example of international electronic fund transfers that may be offered to federal credit union members. Read More

Minimizing the regulatory burden on "good guys" like credit unions, while making sure that the market is not harmed by the actions of others, is a goal of the Consumer Financial Protection Bureau, the CFPB's Elizabeth Vale told credit unions Wednesday.  Read More

The Consumer Financial Protection Bureau's Office of Servicemember Affairs must "minimize compliance burdens on credit unions that provide important and reasonably priced products and services" to servicemembers and their families, CUNA said.  Read More

The U.S. Department of the Treasury's Office of Foreign Assets
Control (``OFAC'') is publishing the names of 5 entities whose property
and interests in property have been blocked pursuant to the Foreign
Narcotics Kingpin Designation Act.  Read More

Federal Reserve Board issues final rule under Regulation B regarding data collection compliance requirements for motor vehicle dealers.  Read More

The Senate Judiciary Committee adopted an amendment late last week to exempt credit unions and other financial institutions that are in compliance with Gramm-Leach-Bliley notification requirements from the data breach notification provisions of a Senate data security bill. Read More

Chairman Debbie Matz of the National Credit Union Administration said said Monday that as the agency moves to modernize its regulatory regime, any risks associated with evolving products, services, tools and relationships should be targeted in rulemaking, not credit unions themselves.  Read More

National Credit Union Administration (NCUA) Board Chairman Debbie Matz today announced a “Regulatory Modernization Initiative” to keep credit unions safe and sound while relieving regulatory burdens. Read More

NCUA is amending its rules to conform to the amendments made in the Federal Credit Union Act (FCU Act) by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) which became effective Wednesday, July 27th.

The interim final rule adds remittance transfers, as now defined under the Electronic Fund Transfer Act (EFTA), as an example of money transfer instruments Federal credit unions (FCUs) may provide to persons within their fields of membership.  Read More

An assertion by the U.S. Internal Revenue Service that some credit unions are no longer tax-exempt is "completely wrong" and something that CUNA will work on tirelessly to set the record straight, CUNA President/CEO Bill Cheney said Thursday. Read More