Compliance and Regulatory Updates: March 17, 2021

Updated BSA/AML Training Webinar Available
ViClarity 2021 Bank Secrecy Act (BSA) & OFAC Annual Staff Training is now available to MnCUN member credit unions.

Stimulus Payments Round Three
The IRS has begun sending out economic impact payments (EIP) issued pursuant to the American Rescue Plan Act of 2021 (the “Act”). 

Class Action Lawsuits over Foreign Transaction Fees
One of the recent litigation trends posing a risk for credit unions are lawsuits involving the assessment of foreign transaction fees.​

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