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.
Today’s National Credit Union Administration meeting, Chair Debbie Matz’s last, is headlined by a re-issued proposed rule on incentive-based executive compensation, and CUNA hopes to see a number of changes in the re-issued proposal.
ALEXANDRIA, Va. (4/7/16)--The latest information on complying with the Bank Secrecy Act and other federal regulations will be covered at an April 27 webinar hosted by the National Credit Union Administration.
WASHINGTON (4/6/16)--Going forward, the National Credit Union Administration should strive to achieve measurable and reportable forms of regulatory relief for credit unions, CUNA said in a letter to the agency this week. CUNA stressed the need for continued regulatory relief for credit unions, noting that recent NCUA efforts have helped, but credit unions continue to feel pressure from other regulators, such as the Consumer Financial Protection Bureau.
ALEXANDRIA, Va. (4/1/16)--Federally insured credit unions can serve as custodians of accounts insured by the Federal Deposit Insurance Corp., according to a letter published this week by the National Credit Union Association.
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.
President Barack Obama sent greetings Thursday to those celebrating International Credit Union Day. CUNA worked closely with the White House on the statement, and a number of credit union-friendly legislators also weighed in with the White House.
The NCUA’s revised supervisory approach to interest rate risk is covered in a recent Letter to Credit Unions (16-CU-08). The new standardized approach is designed to increase focus and resources toward higher risk credit unions.
CUNA has several major concerns with a CFPB proposal regarding disclosure of records and information. Specifically, the proposal would make changes to regulations regarding confidential supervisory information, confidential investigative information and the Freedom of Information Act.