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.
The Department of Labor will publish its final rule Wednesday regarding employees’ eligibility for overtime pay--a rule which CUNA believes will have unintended negative consequences for credit unions, particularly smaller credit unions and those in non-metropolitan areas.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.