WASHINGTON (3/22/16)--The National Credit Union Administration is among federal regulators that released guidance Monday clarifying the applicability of the Customer Identification Program rule to prepaid cards issued by financial institutions.
ALEXANDRIA, Va. (3/14/16)--Loans and deposits in federally insured credit unions grew in all 50 states and the District of Columbia in the final quarter of 2015, according to the National Credit Union Administration.
WASHINGTON (3/11/16)--The National Credit Union Administration board will be in a better position to consider an extended examination cycle once new processes and procedures are in place by the end of 2017, agency Chair Debbie Matz wrote Thursday.
Since CUNA’s compliance staff compiled a list of changes in mortgage interest reporting under the IRS’s Form 1098, several questions have arisen. CUNA’s compliance staff has been able to connect with a coalition of consumer mortgage lenders to provide answers.
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.