ALEXANDRIA, Va. (4/1/16)--Two individuals have been barred from participating in the affairs of any federally insured financial institution, the National Credit Union Administration announced Thursday.
ALEXANDRIA, Va. (3/29/16)--A new publication identifying benefits, best practices, regulatory requirements and common pitfalls of using secondary capital has been released by the National Credit Union Administration.
ALEXANDRIA, Va. (3/29/16)--There’s still time to register for tomorrow’s webinar on financial literacy, hosted by the National Credit Union Administration. Titled “The Pathway to Financial Well-Being,” the webinar is scheduled to begin at 2 p.m. (ET).
WASHINGTON (3/28/16)--With the National Credit Union Administration’s member business lending rule finalized, all that’s left is for credit unions to gain an understanding of how the rule will affect them. CUNA's compliance staff has put together a CompNote on the rule, which is now available.
ALEXANDRIA, Va. (3/28/16)--Moderate growth of the U.S. economy combined with job gains and the decline in the unemployment rate should lead to moderate growth in the economy, National Credit Union Administration Chief Economist Ralph Monaco said in the agency’s latest economic update.
ALEXANDRIA, Va. (3/25/16)--The National Credit Union Administration accepted a $29 million offer of judgment Thursday from Credit Suisse to resolve claims arising for losses related to purchases of residential mortgage-backed securities. According to the NCUA, it has agreed to Credit Suisse's offer, but the number does not represent a final settlement.
ALEXANDRIA, Va. (3/25/16)--Credit unions now have increased flexibility when it comes to bank notes, thanks to a final rule approved by the National Credit Union Administration board Thursday. The final rule is identical to the rule first proposed in October 2015.
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.