NCUA Final Rule Simplifies Share Insurance Regulations; Aligns with FDIC Coverage of Trust Accounts: On September 19, the National Credit Union Administration (NCUA) board met and unanimously approved a final rule that simplifies the NCUA’s share insurance regulations by establishing a “trust accounts” category.
CFPB Proposes Amendment to Remittance Rule: On Thursday, September 20, Consumer Financial Protection Bureau (CFPB) issued a proposed rule with a narrow amendment to disclosure requirements for certain international money transfers, or remittances. Comments are closed.
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February 2025
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