Topic: Board of Directors
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NCUA launches Round 6 of its Deregulation Project
COMMENT CALL: The National Credit Union Administration (NCUA) has announced the sixth round of proposed regulatory changes associated with NCUA’s Deregulation Project. The project is an ongoing review of NCUA’s regulations to […]
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Recent amendment to OCU regs may trigger investment policy update
NEWS: A recent Compliance Courier covered some long-awaited changes to Wisconsin’s member business loan (MBL) regulations. Along with those changes, the Wisconsin Office of Credit Unions (OCU) also updated several other regulations to correct […]
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Compensation and the board of directors
Q&A: Here’s a question that a Wisconsin credit union recently asked The League’s Legal Affairs team, along with our answer. Do you have a compliance question? Contact The League’s Compliance […]
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FinCEN issues interim final rule removing BOI reporting requirements for U.S. companies and persons
NEWS: The rule for companies to report beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) was back on in February 2025, as you may recall from this Compliance Courier. […]
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0191 Required & Recommended Credit Union Policies
This release applies to all credit unions, state and federal. It lists policies that credit unions may be required to maintain, as well as policies that regulators or The League recommend. […]
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0190 Recurring Credit Union Compliance Obligations
This release applies to all credit unions, state and federal. It lists recurring compliance obligations and deadlines credit unions must comply with, often annually. This ii Release lists recurring compliance […]
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BOI rules going back into effect
NEWS: Yesterday, a federal judge in Texas lifted an order that blocked the enforcement of a federal anti-money laundering law that requires business entities to disclose the identities of their real […]
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NCUA: Letter to Credit Unions No. 25-CU-01 – NCUA’s 2025 Supervisory Priorities (January 2025)
This letter outlines the NCUA’s supervisory priorities and other updates to the agency’s 2025 examination program. Our priorities focus on the areas posing the highest risk to credit union members, […]
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Federal court puts “beneficial ownership” rule on hold
NEWS: A federal court in Texas recently ruled that the Corporate Transparency Act (CTA) – which requires certain companies to report “beneficial ownership information” (BOI) to FinCEN – is likely unconstitutional. The court […]
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League voices opposition to NCUA succession planning rule
NEWS: Today, The League filed a comment letter on behalf of Wisconsin’s credit unions, letting the agency know that we oppose their plan to require all federally insured credit union’s (FICU’s) boards to […]