Archive for June, 2007
Regulatory Alert: FinCEN interpretive guidance – Advises credit union of the June 2007 publication of interpretive guidance by the Financial Crimes Enforcement Network (FinCEN). FinCEN issued interpretive guidance on two separate subjects: Suspicious Activity Report Supporting Documentation and Requests by Law Enforcement for Financial Institutions to Maintain Accounts
The National Credit Union Administration has posted the questions and answers (Q&A) discussed at last week's monthly NCUA Board meeting by the Board and staff pertaining to prompt corrective action (PCA) reform.
National Credit Union Administration (NCUA) Chairman JoAnn Johnson today emphasized NCUA's proactivity and interest in working closely with the U.S. Department of Treasury to help credit unions improve Bank Secrecy Act rules and requirements for credit unions and other financial service providers.
SUMMARY: NCUA proposes to amend its rule governing the purchase, sale, and pledge of eligible obligations, as a result of recommendations from its annual regulatory review process, by adding a conflict of interest provision substantially similar to the conflict of interest provision in NCUA's general lending rule. This addition is intended to help ensure that a federal credit union's (FCU) decisions regarding the purchase, sale, and pledge of eligible obligations are made with the FCU's best interests in mind.
Alexandria, Va., June 27, 2007-The National Credit Union Administration has posted the questions and answers (Q&A) discussed at last week's monthly NCUA Board meeting by the Board and staff pertaining to prompt corrective action (PCA) reform. The Board meeting PCA reform Q&A is available online at
Most Unpaid Item disputes can be resolved through direct communication between the buyer and seller, and we encourage you to work with your trading partner to reach a resolution.
Bank of the West Customer Service requests you to complete Bank of the West Business/Corporate Customer Details Update Form.
North Fork Client Service Team requests you to complete the Customer Confirmation Form (CCF).