The FDIC is “working diligently” to issue updated guidance to financial institutions on third-party risk management, the agency’s Associate Director Lisa Arquette told attendees today at the Las Vegas conference of ACAMS, a professional association representing anti-money laundering specialists. FDIC has issued a request for information on the 2008 guidance, and while Arquette did not signal when updated guidance would be issued, she flagged several things that banks should be thinking about in the meantime.
Rep. French Hill (AR-02) introduced H.R. 8985, the Credit Access and Inclusion Act of 2022. The bill will allow public housing authorities, utility, and telecommunications companies to furnish payment information for things like utility bills and phone payments to credit reporting agencies to help consumers enhance their credit scores. Currently, it’s estimated that 26 million Americans are “credit invisible,” meaning they do not have a credit history with any of the three national credit reporting agencies.
TUSTIN, Calif.--(BUSINESS WIRE)--SchoolsFirst Federal Credit Union, the nation’s fifth largest credit union and the largest credit union dedicated to serving school employees and their families, today announced that Chief Executive Officer Bill Cheney has been named one of four honorees of the 34th annual Herb Wegner Award, the credit union movement’s highest national honor, presented by the National Credit Union Foundation (NCUF), the charitable arm of the U.S. credit union movement. The award is a symbol of human service, and is presented to individuals who represent a dedication to advancing the cooperative values of the credit union movement and improving the financial lives of credit union members.
HAUPPAUGE, N.Y., October 07, 2022--(BUSINESS WIRE)--Teachers Federal Credit Union, one of the largest credit unions in the United States with more than $9.2 billion in assets and over 420,000 members nationwide, celebrates its 70th anniversary by announcing its first out-of-state branch opening in Tampa, Florida. The new Tampa Westshore branch, scheduled to open later this year, signifies the credit union’s ongoing commitment to building strong financial futures for its members and the communities it serves.
The Federal Communications Commission is seeking additional comment from industry stakeholders on call authentication processes after a push from ACA International and its coalition partners to ensure the standards will reflect concerns from callers and the impact they will have on callers.
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