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.
FinCEN issued a list last week of frequently asked questions regarding Customer Due Diligence requirements for financial institutions. The document contains 24 sets of questions and answers, which are also available on. CUNA’s CompBlog .
Oral arguments in the lawsuit against the Federal Communications Commission regarding its Telephone Consumer Protection Act will begin Oct. 19. CUNA filed an amicus brief last year asking for the ruling to be vacated.
The NCUA board voted Thursday to adopt the agency’s strategic plan for 2017-21 that includes updating the agency’s goals for examinations. While this change does not immediately credit unions' exam cycle, it sets the stage for later improvements.