Changes to force-placement of flood insurance and exemptions for detached structures payments are effective as of last week, and the National Credit Union Administration sent out a regulatory alert detailing changes.
October marks the 12th annual National Cybersecurity Awareness Month, and the National Credit Union Administration is offering a number of resources to help credit unions and their members keep their electronic communications secure.
Six banks that allegedly sold toxic mortgage-backed securities to corporate credit unions have until Oct. 30 to meet with the National Credit Union Administration, per an order from U.S. District Judge Denise Cote of the U.S. District Court of the Southern District of New York.
Concerns over the National Credit Union Administration’s revised risk-based capital proposal led CUNA to write to U.S. House Financial Services Committee leadership Tuesday requesting consideration of a bill that would call for the proposal to be studied further.
CUNA Chief Advocacy Officer Ryan Donovan says a banker's threat to sue reinforces the need for credit unions to have a strong united voice in support of a proposal by the National Credit Union Administration to modernize rules that control who can join which credit unions.
The Consumer Financial Protection Bureau expects all entities obtaining consumer authorizations for pre-authorized electronic fund transfers to comply with the Electronic Fund Transfer Act and Regulation E, it reminded in a compliance bulletin issued this week.