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.
Registration is open now for a free webinar to be hosted Aug. 22 by the federal credit union regulatory agency on how to grow membership, the agency said in an “express” message Wednesday. The National […]
Two former credit union employees were permanently barred from any future work in federally insured financial institutions under consent prohibition orders announced this week by the National Credit Union Administration (NCUA). The individuals – Jose […]
Updating the requirements for anti-money laundering/countering the financing of terrorism rule (AML/CFT) compliance at banks and credit unions to match those proposed by law enforcement were proposed by their respective regulators Friday in a joint […]
Boards of directors at federally insured credit unions (FICUs) would be required to establish and adhere to processes for succession planning under a proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. […]
A proposed rule on Incentive-based compensation at financial institutions with total assets of $1 billion or more – and which was reissued by banking regulators in May – was issued for comment Thursday by the […]
Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
A proposed rule to limit incentive-based compensation arrangements – first proposed in 2011, modified in 2016 and now coming forward again – will be considered by the federal credit union regulator’s board when it meets […]
The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension. The previous deadline was July 1. […]
A 2021 study shows the federal credit union regulatory agency budgeted much fewer examination hours for supervised credit unions than the federal bank deposit insurer did for supervised banks in the periods covered, according to […]
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