Advocacy Works

Mar 30, 2021

PA COVID-19 Liability Amendment Filed to COVID-19 Legislation

Pennsylvania Rep. Torren Ecker (R-Adams) recently introduced legislation, House Bill 605, that will help provide for the expedited and efficient resolution of lawsuits arising out of exposure…

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Mar 25, 2021

NCUA’s Board Meeting

The National Credit Union Administration (NCUA) held an open meeting on March 18 using live audio webcast. During the meeting, the NCUA Board approved the…

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Mar 24, 2021

CrossState, NJ Bankers Pen Joint-Letters Encouraging Vaccination Priority for Frontline Staff

The CrossState Credit Union Association and the New Jersey Bankers Association joined forces to encourage the state of New Jersey to give vaccination priority for…

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Mar 24, 2021

FinCEN Exchange Brings Together Public and Private Stakeholders to Discuss BSA SAR Statistics

The Financial Crimes Enforcement Network (FinCEN) convened a virtual FinCEN Exchange event to discuss Bank Secrecy Act (BSA) filing statistics for low-dollar, voluntarily-filed suspicious activity reports (SARs) that contain…

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Mar 23, 2021

CrossState Joins Leagues, Associations Across the Country in Letter to NCUA

CrossState recently joined CUNA and the American Association of Credit Union Leagues (AACUL) in submitting a letter to the National Credit Union Administration (NCUA) that encouraged the NCUA to provide additional relief to credit unions facing prompt corrective action (PCA)…

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Mar 23, 2021

FinCEN Director Blanco Delivers Remarks at FIBA AML Compliance Conference

Financial Crimes Enforcement Network (FinCEN) Director Kenneth A. Blanco delivered remarks at the Florida International Bankers Association Anti-Money Laundering (AML) Compliance Conference.  Blanco discussed FinCEN’s…

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Mar 22, 2021

NCUA Prepares for Upcoming $368.7 Million Distribution to Credit Unions

The President of the National Credit Union Administration’s (NCUA) Asset Management and Assistance Center, and staff from the agency’s NGN Division briefed the NCUA Board on the…

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Mar 19, 2021

PA Gov. Wolf Administration Partners with General Assembly, Counties to Launch the Emergency Rental Assistance Program

Pennsylvania Gov. Tom Wolf announced the launch of a program that will deliver rapid relief to millions of Pennsylvanians at risk of eviction or loss of utility service….

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Mar 19, 2021

NCUA Board Meeting Summary – CLF, Asset Thresholds Interim Final Rules Adopted

Interim Final Rule – Central Liquidity Facility (Part 725)  The National Credit Union Board held its March meeting yesterday.  The NCUA Board adopted an interim final…

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Mar 18, 2021

The Fed’s First Chief Payments Executive Mark Gould Talks Strategy for the System

The Federal Reserve (Fed) recently named Mark A. Gould as chief payments executive of Federal Reserve Financial Services. As the System’s first chief payments executive, Mark will lead…

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