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.
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.
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.
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.