NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight

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recognizes the importance of keeping the current electronic debit card payments system. Ensuring credit union access to the secondary market is one of NAFCU’s top legislative. Meeting Between Governor Stein and the National Association of Federal Credit Unions (NAFCU)

NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing. WASHINGTON, DC (July 20, 2017) – Charles Purvis, president and CEO of Coastal.

The House Financial Services subcommittee’s work with the Financial Crimes Enforcement Network’s (FinCEN) customer due diligence (CDD) rule – with a mandatory compliance date of May 11 – is impacting the credit union industry, NAFCU told the agency last week.

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Credit unions more than $10 Million in total assets must follow generally accepted accounting principles (GAAP), which requires the Call Report to be prepared in accordance with GAAP. If the credit union has a wholly owned or majority owned (over 50 percent) credit union service organization (CUSO) it must be consolidated for the call report.

NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing. WASHINGTON, DC (July 20, 2017) – Charles Purvis, president and CEO of Coastal.

NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight Prepared remarks of Richard Cordray Director of the consumer financial protection Bureau. nafcu annual conference. boston, Massachusetts July 11, 2013. Thank you so much for allowing me to join you here today.

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NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight Purvis will stress the importance of ensuring that any housing finance reform plan preserves credit unions unfettered access to the secondary market.

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