The Payment Card Industry (PCI) Data Security Standard (DSS) is a set of comprehensive requirements for credit card account data security developed by the founding brands of the PCI Security Standards Council (PCI SSC), including American Express, Discover Financial Services, JCB, MasterCard Worldwide, and Visa International, to facilitate adoption of consistent data security measures.

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

The Arkansas Tax Reform and Relief Task Force created by Act 78 and Act 79 during this year’s 91st General Assembly regular session will focus on tax relief and a tax overhaul, according to Co-chair Sen. Jim Hendren. That review of state spending is the Joint Budget Committee and the whole legislative body's responsibility.

The Financial Services Committee has announced the committee’s busy schedule for the week of Nov. 13. Interested credit union advocates may watch the markup in real time as it is broadcast live at financialservices.house.gov. 

Are you looking for flexible solutions to your branch strategy? Look no further. You can enhance your strategy with the most flexible option yet:  the micro branch.

Members are your most valuable assets—they provide for your ability to grow. A member-first approach and a results-based culture helps your credit union increase sales, service levels, and profits.

Compliance with the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) remains an important issue with regard to examinations and credit union liability. A substandard BSA/OFAC compliance program may expose your credit union to unwanted regulatory scrutiny and extensive penalties.