We received some great feedback on Part 1 of Linked Accounts and Regulation D - including some great questions. Let's delve into this area a bit more - including a preliminary question. Treating Savings Accounts as Transaction Accounts. A couple of commenters asked if their credit unions could treat their savings accounts as transaction accounts - and reserve accordingly. Yes, credit unions do have the ability to treat their savings accounts as transactions accounts and allow unlimited transactions from those accounts. ****Read More; http://nafcucomplianceblog.typepad.com/nafcu_weblog/2012/03/overdrafts-linked-accounts-and-regulation-d-part-2.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fnafcucomplianceblog%2Fnafcu_weblog+%28NAFCU+Compliance+Blog%29&utm_content=Google+Reader
In an ongoing effort to keep your FRCUA education current, modules are continually updated to reflect current NCUA and other regulatory agency requirements. As an example, BSA 26 now includes Artificial Intelligence and BSA, Elder Financial Exploitation, Pig Butchering & BSA, and Executive Order – Free and Fair Banking.
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