ACU Urges BSA Overhaul To Cut Compliance Burden, Improve Crime Reporting
By CU Today Staff —
WASHINGTON--Modernizing and improving the efficacy of the Bank Secrecy Act (BSA) and other laws would enhance consumer safety while providing needed regulatory relief for consumers America’s Credit Unions told Congress.
In advance of a House Financial Services subcommittee hearing on modernizing the BSA, America’s Credit Unions wrote to the Committee this week to provide several recommendations for Congressional actions to help credit unions.
Originally reported by CU Today.