adminFinCEN has requested financial institutions affected by Hurricane Dorian to contact FinCEN and their functional regulator as soon as practicable to discuss any delays in their ability to file required Bank Secrecy Act reports. Institutions seeking...
This week in Washington, credit unions have several issues to follow. The House of Representatives will consider H.R. 1595, the SAFE Banking Act of 2019. This bill will be considered under “suspension of the rules” … meaning that...
Financial coaching has a positive impact on credit unions and their members, according to a new brief by Inclusiv, a nonprofit dedicated to promoting financial inclusion in low-income communities through community development credit unions (CDCUs)...
A new study finds that when it comes to cybersecurity, Americans are concerned, but not necessarily prepared to take the appropriate preventative steps to protect themselves from a cyber attack. According to Chubb’s Third Annual Cyber Report...
From Oct. 11-17, 2019 an Open Your Eyes to a Credit Union 15-second commercial will be aired in Alabama, Florida and Georgia, on approximately 20,000 GSTV stations across the country in celebration of International Credit Union Day (Oct. 17). This...
Register now for the LSCU Bank Secrecy Act Workshop in Mobile, AL, on Oct. 9. This two-part workshop provides an overview of credit union specific BSA regulations. Bill Berg, VP of Compliance Training and Information at LSCU, will review BSA...