NCUA.Gov | National Credit Union Association
For the Bank Secrecy Act info scroll all the way down to the bottom! lol… like white on white rice, we r onto you. Should of expected us.
Plain Writing Act of 2010
The Plain Writing Act (Public Law 111-274) was signed into law by the President on October 13, 2010. The Act, which applies to the NCUA, is intended “to improve the effectiveness and accountability of Federal agencies to the public” by promoting clear Government communication that the public can understand and use. For additional information go to the Plain Writing Act.
Plain Writing Implementation Plan
President Obama signed the Plain Writing Act of 2010 (Public Law 111-274) into law on October 13, 2010 “to improve the effectiveness and accountability of Federal agencies to the public by promoting clear Government communication that the public can understand and use.”
The Act requires that Federal agencies prepare certain documents intended for the public in writing that is clear, concise, well-organized, and consistent with other best practices. Covered documents include documents relating to agency benefits and services and compliance with agency laws and regulations. They include both paper and electronic versions of documents such as letters, publications, forms, notices, and instructions.
Roles and Responsibilities
No Fear Act
o Final Actions Issued Without an EEOC Hearing
o Final Actions Issued After an EEOC Hearing
National Credit Union Administration
1775 Duke Street
Alexandria, Virginia 22314-3428
Bank Secrecy Act
In 1970, Congress passed the Currency and Foreign Transactions Reporting Act commonly known as the “Bank Secrecy Act” (BSA), establishing recordkeeping and reporting requirements by private individuals, banks and other financial institutions. The BSA is intended to safeguard the U.S. financial system and the financial institutions that make up that system from the abuses of financial crime, including money laundering, terrorist financing and other illicit financial transactions.
All credit unions must comply with the BSA regulations.
To assist credit unions with their efforts in establishing and maintaining procedures designed to assure and monitor compliance with the BSA, additional information and details are provided in the links to the right.
Joint Guidance: NCUA, FDIC, FRS, OCC, OTS and FinCEN
Please note the term “bank” is used interchangeably with “credit union” for ease in drafting joint statements from the FFIEC Agencies. Treasury and FinCEN regulations use the term “bank” to define a variety of financial institutions, including credit unions.