The NCUA’s revised supervisory approach to interest rate risk is covered in a recent Letter to Credit Unions (16-CU-08). The new standardized approach is designed to increase focus and resources toward higher risk credit unions.
CUNA has several major concerns with a CFPB proposal regarding disclosure of records and information. Specifically, the proposal would make changes to regulations regarding confidential supervisory information, confidential investigative information and the Freedom of Information Act.
The NCUA board voted Thursday to finalize its field-of-membership rule, a rule CUNA President/CEO Jim Nussle praised for providing much needed regulatory relief. NCUA also issued for a proposed rule with additional changes CUNA has advocated for.