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.
A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 […]
The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions […]
Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer for the federal regulator of credit unions, the agency said Tuesday. The National Credit Union Administration […]
Congress should revise recently adopted statutes on brokered deposits, and it should give the credit union regulator authority to examine (and enforce actions) over third-party vendors, two federal financial institution regulators said Tuesday in congressional […]
A former manager of a Kansas credit union and an employee of a New Mexico credit union were subject to prohibition orders in July, the federal credit union regulator said Friday, the former after being […]
Three federal bank and credit union regulators are slated to testify next Tuesday before a Senate Banking Committee hearing, “Oversight of Regulators: Does our Financial System Work for Everyone?” Those scheduled to testify include Todd […]
Input from the public on the impacts of activities connected to digital assets and related technologies on federally insured credit unions, other entities, and the federal credit union regulator is due to the agency Sept. […]
Title: Request for Information and Comment on Digital Assets and Related Technologies Subject: Digital assets; cryptocurrency Agency: NCUA Status: Request for information Summary: The NCUA Board (Board) is gathering information and soliciting comments from interested […]
Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected by the COVID-19 emergency, their federal regulator said […]
A proposal to make a simplified measure of capital adequacy available to federally insured credit unions defined as “complex” – meaning those with more than $500 million in assets – was released for comment Thursday […]
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