CUNA is seeking comments on the NCUA’s incentive-based compensation proposal by June 8, with comments due to the NCUA by July 22. CUNA is concerned the rule gives NCUA too much authority over how credit unions compensate employees.
"We look forward to working with him going forward, particularly on getting the field-of-membership modernizations across the finish line," CUNA President/CEO Jim Nussle said Monday after learning NCUA Vice Chair Rick Metsger was named chair by President Barack Obama.
Federal Financial Institutions Examination Council agencies, including the NCUA, issued a joint proposed rule Friday updating the Uniform Consumer Compliance Rating System that has been in place since 1980.
CUNA, representing both federal and state credit unions, called for a "fair distribution" of supervision charges in its Tuesday comment letter to the NCUA on the overhead transfer rate and operating fee methodology.
A proposal that would offer additional regulatory relief under the National Credit Union Administration’s fixed-assets regulations was approved Thursday by the NCUA board. Specifically, the proposal eliminates a requirement that a federal credit union must plan for, and eventually achieve, full occupation of acquired premises.
The National Credit Union Administration board became the first federal financial regulator to issue a revised proposed rule on incentive-based compensation at its Thursday meeting. The board voted unanimously to issue the joint rule, with comments due July 22.
National Credit Union Administration Chair Debbie Matz spoke about how credit unions weathered the financial crisis and how they will succeed in future during an interview with News Now shortly before the last board meeting of her tenure.
Today’s National Credit Union Administration meeting, Chair Debbie Matz’s last, is headlined by a re-issued proposed rule on incentive-based executive compensation, and CUNA hopes to see a number of changes in the re-issued proposal.
ALEXANDRIA, Va. (4/7/16)--The latest information on complying with the Bank Secrecy Act and other federal regulations will be covered at an April 27 webinar hosted by the National Credit Union Administration.
CUNA compliance staff has received a number of questions in recent weeks regarding Internal Revenue Service W-9 forms and taxpayer identification numbers. A recent CompBlog entry lists some of those frequently asked questions, along with answers.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.