Growth in employee compensation, contracted services and administrative expenses for the National Credit Union Share Insurance Fund (NCUSIF) are the key factors behind the federal credit union regulator’s proposed 2027 budget of $325.4 million, the […]
A new chief operating officer (COO) for the federal bank deposit insurance agency has been named, who brings experience largely from law enforcement, the regulator said Monday. Five others were also named to senior positions, […]
Economic value of equity (EVE) is more vulnerable to interest rate increases than are other financial indicators, according to the latest interest rate risk statistics report issued Friday by the national bank regulator. According to […]
Providing a “clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets” is the aim of a cryptocurrency final rule issued Wednesday by the national bank regulator, the agency said. According to […]
Comments on the agency’s proposed call report revisions, including the addition of a new schedule for credit unions’ involvement in payment stablecoin activities, are due Dec. 8, the National Credit Union Administration (NCUA) reminded in […]
Some economic growth – from slight to moderate – was reported in several Federal Reserve Districts over the last month, but some of the data indicates that growth, if any, is coming mostly from high-income […]
Calling it the agency’s 12th round of regulatory relief, the National Credit Union Administration (NCUA) on Wednesday released proposed changes to its rules on fidelity bond and insurance coverage, incidental powers, and the Central Liquidity […]
The federal credit union regulator on Tuesday invited low-income credit unions affected by natural disasters such as hurricanes, flooding and other severe weather events to seek grant funds from the agency for recovery. The National […]
A Wisconsin bank’s holding company is now under an enforcement order issued Friday by the Federal Reserve for “unsafe and unsound” banking practices – about two months after another federal banking agency issued a similar […]
A troubled Mississippi credit union was closed and its members and savings (shares) were assumed by an Alabama Credit Union, the federal regulator announced late Wednesday. Jackson Area Federal Credit Union (FCU), of Jackson Miss., […]
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