The comment period on a proposed rule issued setting procedures for insured, state-chartered nonmember banks or savings associations to seek federal approval to issue stable coins through a subsidiary is extended to May 18, the […]
The federal interest rate ceiling for loans by federal credit unions will remain at 18% under action last week by the National Credit Union Administration (NCUA) Board, the agency said. The board – which now […]
Forty-five banks were deemed “satisfactory” and four “outstanding” in evaluation ratings assigned in November under the federal bank deposit insurer’s anti-redlining Community Reinvestment Act (CRA) rules, according to data released Thursday. The four banks rated […]
Eight out of the 29 banks whose Community Reinvestment Act (CRA) performance ratings became public in January received “outstanding” marks from the Office of the Comptroller of the Currency (OCC). The remaining 21 banks were […]
Noting it “did not issue any reports with recommendations” related to the agency’s charge card programs in fiscal 2025, the National Credit Union Administration told the federal budget office it is currently conducting an audit […]
A final rule amending regulations for the digital display of a bank’s federally insured status is set to take effect March 2, with compliance required by April 1, according to a notice Thursday in the […]
Seven members were selected to serve three-year terms on a panel that provides information and advice to the Federal Reserve Board on domestic and international insurance issues, the Fed announced Thursday. The seven members include […]
The federal credit union regulator announced its top leaders and staff in a release Monday. National Credit Union Administration (NCUA) Board Chairman Kyle Hauptman, a Republican, has been the agency’s lone board member since President […]
The $16.5 million-in-assets Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., was conserved Thursday by the National Credit Union Administration (NCUA), the agency said in a release. In its announcement late Thursday, the […]
A proposal that would permit reimbursement or direct payment to federal credit union volunteer officials for dependent care was discussed Thursday during an open meeting of the National Credit Union Administration Board, which currently includes […]
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