PYMNTS
SEPTEMBER 23, 2019
can now provide financial services to legal hemp farmers and businesses. New guidance published from the National Credit Union Administration (NCUA) lifts the requirement to file suspicious activity reports for hemp farmers, granting them access to CU services without oversight. Federally insured CUs in the U.S.
PYMNTS
FEBRUARY 28, 2020
Many are leveraging the Automated Cybersecurity Examination Tool, developed by the National Credit Union Administration (NCUA), to bridge this gap. The NCUA will collect data from these areas, which it will then leverage to establish data nationwide standards.
PYMNTS
MARCH 2, 2020
The February 2020 The Credit Union Tracker ® notes that many CUs already utilize the Automated Cybersecurity Examination Tool provided by the National Credit Union Administration ( NCUA ). But legal loopholes to compliance aside, the CU community is firmly behind data privacy and security measures, as detailed in the full report.
Faster Payments Council
SEPTEMBER 12, 2022
Money movement within the market for legal cannabis products must move to the traditional banking system as a matter of safety, equity and inclusion. Regulators encourage these efforts to educate and set a high bar, as evidenced in public commentary by NCUA board member and former chair Rodney Hood.
PYMNTS
OCTOBER 12, 2016
But even if it stands, the ruling makes a small technical tweak to Dodd-Frank and does not question the legality of any other past, present or future actions of the CFPB.”. Although the FRB, ITC, SEC, FDIC, FCC, NCUA, etc., The ruling “will likely be appealed and overturned,” Warren noted. ” In their ruling, the D.C.
The Fintech Times
NOVEMBER 4, 2024
Damage limitation This action comes following CFPB’s close partnership with the National Credit Union Administration (NCUA). The CFPB and the NCUA worked to contain the fallout from VyStar’s misconduct. Harper, chairman at NCUA.
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