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 board appeal is the single agenda item slated for consideration by the National Credit Union Administration (NCUA) Board during a closed meeting Tuesday (Sept. 24) at 10 a.m. ET. NCUA says the meeting is […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
Authority of low-income-designated credit unions (LICUs) to offer secondary capital accounts is outlined in a supervisory letter Monday from the federal credit union regulator, which updates the framework the agency uses to to analyze and […]
Applications are due Oct. 5 for low-income credit unions that desire to be certified as Community Development Financial Institutions (CDFIs) using the “streamlined” certification process – a certification that is critical to securing funding next year – […]
Corrections by the Federal Reserve to Regulation CC revisions on funds availability (check holds) were forwarded to credit unions Monday in a Consumer Financial Protection Update (19-14) from the National Credit Union Administration (NCUA). The […]
(Updated Sept. 18, 2019) A vote on a final community bank leverage ratio (CBLR), a press conference featuring Federal Reserve Board Chair Jerome (“Jay”) Powell (following the close of a monetary policy setting session), and […]
Help for 155 low-income credit unions in the form of $1.9 million in grants will be provided by the federal regulator of credit unions to assist in outreach to underserved communities, improving digital services and […]
A final “payday alternative loan” rule easing some limitations on the agency’s current program is slated for action during the National Credit Union Administration (NCUA) Board’s open meeting next Thursday. The payday rule proposal, titled […]
Nearly nine in every 10 federally insured credit unions (88%) reported positive net income at the end of the second quarter of this year, the federal regulator of credit unions said Wednesday, up slightly from […]
The Democratic member of the board that leads the federal credit union regulatory agency on Tuesday criticized the agency’s proposed delay of a final risk-based capital rule for credit unions and said the agency needs […]
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