With the NCUA’s announcement that it will take a thoughtful look at the examination process, CUNA hopes that this will eventually lead to an extended examination cycle, which would give much needed regulatory relief to credit unions.
The agenda for the NCUA’s May board meeting is short and sweet: a board briefing on call report modernization and a quarterly update on the Temporary Corporate Credit Union Stabilization Fund. The meeting will take place May 19.
CUNA is seeking comments on the NCUA’s incentive-based compensation proposal by June 8, with comments due to the NCUA by July 22. CUNA is concerned the rule gives NCUA too much authority over how credit unions compensate employees.
"We look forward to working with him going forward, particularly on getting the field-of-membership modernizations across the finish line," CUNA President/CEO Jim Nussle said Monday after learning NCUA Vice Chair Rick Metsger was named chair by President Barack Obama.
Federal Financial Institutions Examination Council agencies, including the NCUA, issued a joint proposed rule Friday updating the Uniform Consumer Compliance Rating System that has been in place since 1980.
CUNA, representing both federal and state credit unions, called for a "fair distribution" of supervision charges in its Tuesday comment letter to the NCUA on the overhead transfer rate and operating fee methodology.
A proposal that would offer additional regulatory relief under the National Credit Union Administration’s fixed-assets regulations was approved Thursday by the NCUA board. Specifically, the proposal eliminates a requirement that a federal credit union must plan for, and eventually achieve, full occupation of acquired premises.
The National Credit Union Administration board became the first federal financial regulator to issue a revised proposed rule on incentive-based compensation at its Thursday meeting. The board voted unanimously to issue the joint rule, with comments due July 22.
National Credit Union Administration Chair Debbie Matz spoke about how credit unions weathered the financial crisis and how they will succeed in future during an interview with News Now shortly before the last board meeting of her tenure.
It is imperative that Congress take action to eliminate the negative consequences of last year’s changes to the Telephone Consumer Protection Act, CUNA wrote to a House subcommittee conducting a TCPA hearing Thursday.
CUNA Chief Advocacy Officer Ryan Donovan discusses this week's congressional activities, as well as advocacy strategies for the CFPB's short-term, small-dollar loan proposal in this week's Advocacy Update video.
Plaintiffs, including CUNA and certain state credit union leagues and credit unions, urged a Pennsylvania federal judge today to reject Wendy’s Co. request to dismiss a class action lawsuit against the fast-food giant.