Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Comment on BSA definition changes sought by CUNA
WASHINGTON (1/4/13)--The Credit Union National Association (CUNA) is asking credit unions to detail any concerns they may have regarding proposed changes to the definitions of "funds transfer" and "transmittal of funds" under the Bank Secrecy Act (BSA).

The Federal Reserve Board and the Financial Crimes Enforcement Network (FinCEN) proposed the definition changes last November. The new definitions are intended to maintain the current scope of the terms in light of changes to the Electronic Fund Transfer Act that otherwise would result in certain currently covered transactions being excluded from BSA requirements.

In its Comment Call, CUNA asks credit unions to share their views by Jan. 14. Comments are due to the agencies by Jan. 25.

Use the resource link to access the CUNA Comment Call.
Other Resources

CUNA Comment Call
RSS





print
News Now LiveWire
20 breakout sessions available at @CUNA's April lending school #creditunions http://t.co/eTK0fVO0RK
8 hours ago
.@CoreLogicInc: Jan. home prices jump nearly 6% annually #Market #NewsNow http://t.co/DoDtHhjvaw
9 hours ago
CU Effect: @StLouisComm collaborates to save homes with FHLB grant #NewsNow http://t.co/fxX8EhouUj
15 hours ago
#NewsNow March 31 deadline for Biz Kid$ fin. ed grant application http://t.co/5AD5ZYPLEU
16 hours ago
.@CUNA sends letters on @RepAndyBarr QM bill, @RepMickMulvaney @NCUA budget transparency bill #NewsNow http://t.co/cRAk46ALeD
17 hours ago