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Beneficial Ownership Information Final Rule Affects Banks and Credit Unions

On September 29, 2022, the Financial Crimes Enforcement Network (FinCEN) issued the first of three final rules implementing the Corporate Transparency Act’s beneficial ownership information (BOI) requirements. The aim of the...more

Credit Union Trade Organization Advocates for NCUA to Assume More Authority

This week the trade organization representing credit unions, the Credit Union National Association (CUNA), urged the director of the Consumer Financial Protection Bureau (CFPB) to delegate examination and enforcement...more

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