Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
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CU regulator announces ‘clean’ audit results for four funds it administers (including savings insurance fund)
“Unmodified” audit opinions were earned by the four funds administered by the federal credit union regulator, the agency announced Friday, making it the second federal financial institution regulator in as many days to announce so-called […]
NCUA
Spurred by reports of top officials’ spending, CU regulator nominees asked to align expense policies with other regulators
Recent reports by a federal watchdog, and coverage in a national newspaper, of questions over spending by top officials at the federal credit union regulator were part of Thursday’s confirmation hearing by a Senate committee, […]
NCUA
Credit union audit rules would be more flexible under NCUA proposal
Some simplification in credit union audit requirements – with a longstanding agency guide to be decommissioned in the process – was proposed and issued for public comment Thursday during an open meeting of the National […]
NCUA
CU regulator nominees vow to protect safety and soundness, focus on transparency
Nominees for seats on the board of the federal credit union regulator both vowed to Senate Banking Committee members, during their joint confirmation hearing Thursday, that they would work to safeguard the continued safety and […]
NCUA
NCUA dribbles out another investigation report on spending by board chairman, COS
Additional details from Office of Inspector General (OIG) investigations of reportedly lavish spending on travel, meal and alcohol expenditures by the agency’s board chairman and chief of staff have been posted on the website of […]
CFPB
UPDATED: ‘Product sandbox’ comments due; hearing eyes cannabis banking; Powell speaks; NCUA Board nominees testify; more
The coming week includes a mix of regulatory agency proceedings, congressional hearings and public remarks addressing federal financial institution regulators and their policies. First up here is the winding down of the public comment period […]
NCUA
Agency assures no credit union data compromised in phishing attack
No data was compromised during a recent “spear phishing” campaign targeted at Bank Secrecy Act officers at credit unions, the federal credit union regulator said in a statement Friday. In a brief press release, the […]
NCUA
Senate Banking sets Feb. 14 hearing for credit union regulator nominees Hood, Harper
The Senate Banking Committee is tentatively scheduled to hold a hearing on the nominations of both Rodney Hood and Todd M. Harper for seats on the National Credit Union Administration (NCUA) Board Feb. 14, according […]
NCUA
Flood insurance, supervisory committee audits taken up Feb. 14 at NCUA
A briefing on financial regulators’ recent, joint final rule on flood insurance and a proposed rule on supervisory committee audits are the two items slated for discussion during the National Credit Union Administration (NCUA) Board […]