PYMNTS

SEPTEMBER 21, 2020

As BuzzFeed reported, “laws that were meant to stop financial crime have instead allowed it to flourish. In terms of dollar amounts, Deutsche led the pack at $1.3 trillion in suspicious transactions; J.P.Morgan followed with $514 million and Standard Chartered logged $166 million. The headlines blare a chorus: Banks are not doing their jobs.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

PYMNTS

SEPTEMBER 23, 2019

CUs are expanding their reach to previously underserved marketplaces, too, thanks to a relaxation of hemp-related laws. New guidance published from the National Credit Union Administration (NCUA) lifts the requirement to file suspicious activity reports for hemp farmers, granting them access to CU services without oversight.

Credit Union 63

Credit Union NCUA Online and Mobile Banking Underserved 63

Global Fintech & Digital Assets

JANUARY 12, 2024

The director may determine the merits of the appeal, or at the election of the financial institution, refer the appeal to an administrative law judge appointed by the FFIEC to conduct a hearing. In any hearing, neither the director nor the administrative law judge could defer to the opinions of the examiner or agency.

FFIEC 52

FFIEC Process FRB Consumer Financial Protection Bureau (CFPB) 52

PYMNTS

MARCH 2, 2020

The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). That program is detailed in the February Tracker, as are efforts including the California Consumer Privacy Act (CCPA).

Credit Union 52

Credit Union Credit Union Service Organization NCUA CCPA 52

PYMNTS

FEBRUARY 15, 2019

Those agencies include the aforementioned FinCEN, the Federal Reserve , the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC).

BSA 49

BSA Credit Union Business Email Compromise Office of the Comptroller of the Currency 49

Innovative Payments Association

FEBRUARY 24, 2025

As evidence of this, Rodney Hood, the former chairman of the National Credit Union Administration Board (NCUA) , was appointed to be the acting comptroller on Feb. The by-laws of the Board say that not more than three of the five-member board can be from one political party. He previously served on the FDIC Board.

Consumer Financial Protection Bureau (CFPB) 40

Consumer Financial Protection Bureau (CFPB) Office of the Comptroller of the Currency FDIC CFPB 40

PYMNTS

AUGUST 27, 2019

has called for a relaxation of CU laws, enabling the institutions to make loans as small as £50 ($61). In the August Credit Union Tracker , PYMNTS explores the latest developments in the world of CUs, including new government initiatives in the U.S. Developments From Around the CU Space. percent in the U.K.

Credit Union 49

Credit Union NCUA Non-Bank Money Laundering 49