"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.
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.
Since CUNA’s compliance staff compiled a list of changes in mortgage interest reporting under the IRS’s Form 1098, several questions have arisen. CUNA’s compliance staff has been able to connect with a coalition of consumer mortgage lenders to provide answers.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.