Young people now have more protection from identity theft and fraud, thanks to a new federal law that went into effect on September 21, 2018.

The National Credit Union Administration Board approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund today that will be paid to eligible credit unions in the second quarter of 2019.

The District of Columbia Department of Insurance, Securities and Banking is warning District consumers to be on the alert for advance fee scams.

The Senate Banking Committee held a confirmation hearing Thursday for President Trump’s nominations for the NCUA Board, Republican Rodney Hood and Democrat Todd Harper.

In a joint statement released Monday, the National Credit Union Administration, the Financial Crimes Enforcement Network and other banking regulators, encouraged financial institutions to pursue innovation to meet Bank Secrecy Act and anti-money laundering compliance obligations.

The Federal Reserve will conduct a webinar on faster payments. Registration is currently open and scheduled for 1 pm on Monday, Nov. 26, 2018.

The National Credit Union Administration (NCUA) board voted today to approve a final risk-based capital rule (RBC) delaying implementation by one year, to Jan. 1, 2020.

The MD|DC Credit Union Association is hosting a webinar on Monday, November 5, 2018 from 11 am – noon on new requirements for credit unions and other financial institutions under Maryland’s Address Confidentiality Program.

FinCEN and the federal depository institution regulators issued a joint statement to address the benefits of financial institutions entering into collaborative arrangements to help manage their Bank Secrecy Act (BSA) and anti-money laundering (AML) obligations more efficiently and effectively.

Three credit unions have been hit by overdraft lawsuits in the past few months following a social media campaign targeting credit union members who have been charged overdraft fees.