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.
Loan forgiveness and other issues related to a federal lending program to help businesses face the financial impact of the coronavirus crisis will be the focus of a webinar postponed to next week by federal […]
Preparations by credit unions in the path of Hurricane Laura were urged by their federal regulator Wednesday as the storm intensified in the Gulf of Mexico. The National Credit Union Administration, in a release, noted […]
Community development is on the agenda of a Sept. 15 webinar scheduled by the federal credit union regulator, with an eye to collaborating with local organizations, including the network of NeighborWorks America. The National Credit […]
A joint statement from regulators Friday seeks to clarify how banks and credit unions can apply a risk-based approach to politically exposed persons (PEPs) – and this is not interpreted to include U.S. public officials […]
A proposal to phase in over three years the “day one” adverse effects on credit unions’ regulatory capital under the “current expected credit losses” (CECL) accounting standard, and exempting small credit unions from using the […]
The newly Growing Oaks Federal Credit Union, Goldsby, Okla., is expected to begin operations in December, the National Credit Union Administration (NCUA) said Tuesday. With a charter that became effective Aug. 7, Growing Oaks is […]
Two information collections related to the federal credit union regulator’s implementation of some prompt corrective action (PCA) easing due to the COVID-19 pandemic and its change in methodology for determining whether a credit union qualifies […]
A statement intended to clarify and provide transparency on how regulators evaluate enforcement actions required by law in response to Bank Secrecy Act/anti-money laundering (BSA/AML) violations was issued jointly by federal bank and credit union […]
The National Credit Union Administration (NCUA) on Thursday issued a regulatory alert outlining for credit unions the key provisions of the Consumer Financial Protection Bureau’s (CFPB) payday lending rule, as revised last month. The NCUA […]
Apparently expressing confidence that students will be actually returning to their schools over the next few weeks, federal bank, credit union, and consumer financial protection regulators are scheduling a webinar late this month on financial […]
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