With the NCUA’s Wednesday announcement that credit unions can expect no further stabilization fund assessments, CUNA Chief Policy Officer Bill Hampel said CUNA will continue to work with the agency to ensure refunds come as soon as possible.
The NCUA has released an accounting bulletin clarifying its policy regarding a credit union’s use of Private Company Council alternative accounting reporting options for filing a report with the NCUA board.
The NCUA will require less information from credit unions about credit union service organizations, starting with the Sept. 30 reporting cycle, a change CUNA requested in an August letter on call reports.
The NCUA board received a briefing on cybersecurity in the credit union system at Thursday’s board meeting, outlining many examination procedures that are in the process of being adopted by the agency.
Thursday’s NCUA meeting has only two items on the agenda, a board briefing on cybersecurity in the credit union system and a quarterly report of the Temporary Corporate Credit Union Stabilization Fund.
The NCUA will host a public briefing on its proposed 2017-2018 budget on Oct. 27 at its Alexandria, Va., headquarters. According to the agency, it will release its draft budget during the week of Oct. 9.
The NCUA sent a letter to credit unions Wednesday containing a number of resources designed to help credit unions foster a culture of diversity and inclusivity, including a voluntary credit union self-assessment checklist.
The lawsuit filed against the NCUA by the Independent Community Bankers of America Wednesday is without merit, CUNA President/CEO Jim Nussle said. The ICBA filed its suit in response to the NCUA’s revised member business lending rule.
The new mortgage servicing rule from the CFPB clarifies the frequency of required written early intervention notices. A mortgage servicer must provide notice to a delinquent borrower no later than the 45th day of the borrower’s delinquency.
It is imperative that Congress take action to eliminate the negative consequences of last year’s changes to the Telephone Consumer Protection Act, CUNA wrote to a House subcommittee conducting a TCPA hearing Thursday.
CUNA Chief Advocacy Officer Ryan Donovan discusses this week's congressional activities, as well as advocacy strategies for the CFPB's short-term, small-dollar loan proposal in this week's Advocacy Update video.