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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Credit union regulator expects Trump orders to ‘influence’ agency’s work
At least two of the executive orders issued by President Donald Trump this month and last are expected to “influence” the work of the federal credit union regulator, the new acting chairman of the agency […]
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CU among nation’s top 150 conserved by NCUA
A $1.8 billion credit union — within the top 150 federally insured credit unions in the country in asset size — Friday was conserved by the New York State Department of Financial Services, which appointed the […]
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Proposed capital rule by credit union regulator published
Alternative capital at credit unions is the subject of an advance notice of proposed rulemaking by NCUA published by the Federal Register today, opening the 90-day public comment period. Comments will be due on the […]
NCUA
Freeze ‘does not apply’ to NCUA – but ‘spirit’ will be followed
A regulatory freeze imposed by the Trump administration does not apply to the NCUA, as it is an independent federal financial regulator, but the agency will “adhere to its spirit,” according to a statement issued […]
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McWatters named acting credit union agency chairman
J. Mark McWatters is the new acting chairman of the NCUA Board, replacing Rick Metsger, as the result of a White House designation Thursday, according to a report by CUToday.info. McWatters, a Republican, has served […]
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Court dismisses banker lawsuit challenging NCUA MBL rule
A federal court has dismissed a lawsuit against NCUA’s new member business loan (MBL) rule on procedural rules, but only after also pointing out that the suit would have been dismissed on its merits as […]
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Credit unions considered for ‘alternative capital’
Proposals on “alternative capital” and adjustments for inflation to civil money penalties were issued for comment by the NCUA Board at its Thursday meeting, in a short but significant session. In issuing an “Advanced Notice […]
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Cybersecurity, BSA among credit union supervisor’s priorities
Cybersecurity and Bank Secrecy Act compliance are at the top of the list of priorities for NCUA in its supervisory agenda for the New Year, according to a “Letter to Credit Unions” (LTCU 17-CU-01) issued […]
NCUA
Required service organization registration starts Feb. 1
Annual required “reaffirmation” by credit union service organizations (CUSOs) must be completed between Feb. 1 and March 31 with the NCUA’s CUSO registry, the agency announced today. In a release, the agency noted that CUSOs […]