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NCUAA reminder that credit unions have only until May 31 to apply to use the National Credit Union Administration’s streamlined process for obtaining community development financial institution (CDFI) certification was issued by email Friday by [...] -
CFPBComplaints about mortgages and credit cards top those related to the coronavirus crisis that have been received by the federal consumer financial protection agency during the pandemic, the agency said Friday, with total complaints reaching [...] -
OCCMaking it official, a transition from Joseph Otting to Brian P. Brooks as the next leader of the Office of the Comptroller of the Currency (OCC) was announced Thursday by the agency, confirming what had [...] -
COVID-19 actionsLenders that participated in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) can begin reporting on PPP loans and collecting the processing fee on fully disbursed loans that they are eligible to receive, NCUA [...] -
COVID-19 actionsAn earnings retention requirement would be waived for “adequately capitalized” credit unions and net worth restoration plan requirements eased for some “undercapitalized” credit unions under an interim final rule approved Thursday by the federal credit [...]
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NCUAA proposed interim final rule to let federal credit unions (FCUs) decide how long members have to resolve account overdrafts went nowhere during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The [...] -
NCUAThe signature card requirement necessary to show joint ownership of a federally insured account in a credit union could be satisfied by information contained in the account records under a rule proposed Thursday by the [...] -
COVID-19 actionsThe “unremittingly awful” financial conditions have eased since the middle of March – when the economic impact of the coronavirus crisis became clear – due in part to actions taken by the Federal Reserve, the [...] -
OCCA final rule rewriting rules implementing anti-redlining laws was released by the Office of the Comptroller of the Currency (OCC) Wednesday, which the agency said included at least four changes from the proposal released in [...]
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COVID-19 actionsIn a major setback for uniform reform of rules implementing anti-redlining laws, the federal insurer of bank deposits said Wednesday it was not ready to finalize a joint proposal on rewriting the rules, citing challenges [...]
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