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.
Title: Mortgage Servicing Assets Subject: Investments Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule to permit federal credit unions (FCUs) to purchase mortgage servicing assets (MSAs), referred to […]
Maximum civil money penalty amounts are rising about 1.18% under inflation adjustments made by federal financial institution regulators, with the increased maximums set to apply after Jan. 15. The Federal Deposit Insurance Corp. (FDIC), Federal […]
Melissa M. Lowden will be the federal credit union regulator’s next deputy chief financial officer, effective Jan. 17, the agency said Tuesday. In a release, the National Credit Union Administration (NCUA) said Lowden – who joined […]
Title: Chartering and Field of Membership-Shared Facility Requirements Subject: Service facility Agency: NCUA Status: Final rule Summary: The NCUA Board (“Board”) is adopting a final rule amending its chartering and field of membership (“FOM”) rules […]
Federally insured credit unions (FICUs) designated as “low-income” by the National Credit Union Administration (NCUA) can apply to the agency’s streamlined qualification process created to smooth the way to community development financial institution (CDFI) certification […]
A proposed rule aimed at modernizing requirements related to federal credit union shared service facilities, issued in December, is out for comment until Feb. 10, according to a notice in Monday’s Federal Register. The proposed […]
Federal Reserve board governors will discuss artificial intelligence, the economy, and the Fed’s monetary policy framework in a variety of forums as the federal regulator of credit unions on Thursday takes up a number of […]
Citing the aim of promoting greater financial inclusion and helping communities meet the challenges of the ongoing COVID-19 pandemic, the federal regulator of credit unions is encouraging eligible institutions – federal credit unions (FCUs) with […]
The chairman of the National Credit Union Administration (NCUA) Board on Monday said he has assigned Kyle Hauptman, the board vice chairman, to serve as the board’s liaison to the Defense Credit Union Council (DCUC) […]
A federal credit union with a multiple common bond field of membership may include in its field of membership underserved communities as defined by the Federal Credit Union Act, the federal credit union regulator said […]
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