Credit unions can learn how to better serve disabled individuals who lack access to financial services during an online chat from the National Credit Union Administration and the National Disability Institute Dec. 2.
The National Credit Union Administration recommended Congress consider legislation to allow healthy, well-managed credit unions to issue supplemental capital that will count as net worth, the agency told the U.S. House Financial Services Committee Monday.
Several important pending rulemakings for credit unions remain on agencies’ fall agendas including the National Credit Union Administration proposal on supplemental capital and the Consumer Financial Protection Bureau’s pre-rule activity on overdraft protection services.
Two reports released by the National Credit Union Administration’s Office of the Inspector General this month feature reviews of the agency’s interest-rate risk program and its information security program.
While the National Credit Union Administration’s field of membership proposal got most of the attention at Thursday’s meeting, the agency also approved its 2016 and 2017 operating budget, among other items on the agenda.
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.