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Inside Washington (03/25/2010)
* WASHINGTON (3/25/10)—The Credit Union National Association issued a final rule analysis on a new rule from the Financial Crimes Enforcement Network (FinCEN) amending the Bank Secrecy Act's Information Sharing rules. The rule expands access to the information sharing procedure by allowing certain foreign law enforcement agencies, as well as state and local law enforcement agencies to utilize the system. The rule also clarifies that FinCEN may utilize the information sharing process on its own behalf and on behalf of other "appropriate Treasury components”… * WASHINGTON (3/26/10)—Speculation in Washington, D.C. is that recent success in the fight on Capitol Hill to pass health-care reform may give a boost to the chances of the Obama administration’s drive to pass financial regulatory reform. (American Banker March 25) Lawmakers from parties see momentum building behind the reform bill that has all but stalled out a number of times in the last months. The Senate Banking Committee approved the reform bill 13-10 late Monday and did so without a single favorable vote from Republican members. However, analyst are surmising that Republicans can’t treat this reform package as they did the health-care bill; opposing the financial regulatory reform bill could well be seen as taking the side of Wall Street rather than Main Street… * ALEXANDRIA, Va. (3/25/10)--National Credit Union Administration
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board member Michael Fryzel commended Teachers CU, of South Bend, Ind., for its focus on direct member contact through a variety of credit union-sponsored events, and on offering “outstanding financial service.” Fryzel noted, “More than 75 years ago a small group of teachers decided they wanted to help those in need of credit. They pooled their funds and began a credit union rich in both traditional and non-traditional member services.” The result of that effort is now Indiana’s largest credit unions with more than $2 billion in assets. Pictured (left to right): Teacher CU Senior Vice President of Affiliated Businesses Greg Danner, Senior Vice President of Sales & Marketing Paul Marsh, President/CEO Rick Rice, Fryzel; Teacher CU Board Chairman David Sage, Senior Vice President/CFO Amy Sink, Senior Vice President/Chief Counsel Val Miller, and Executive Vice President/COORick Nettesheim. (NCUA Photo)…


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