Title: Chartering and Field of Membership-Shared Facility Requirements Subject: Service facility Agency: NCUA Status: Final rule Summary: The NCUA Board (“Board”) is adopting a final rule amending its chartering and field of membership (“FOM”) rules […]
Federally insured credit unions (FICUs) designated as “low-income” by the National Credit Union Administration (NCUA) can apply to the agency’s streamlined qualification process created to smooth the way to community development financial institution (CDFI) certification […]
The application of artificial intelligence (AI) in financial services and risk management is possibly the target of a “request for information” to be issued by federal financial institution regulators, a governor of the Federal Reserve […]
A proposed rule aimed at modernizing requirements related to federal credit union shared service facilities, issued in December, is out for comment until Feb. 10, according to a notice in Monday’s Federal Register. The proposed […]
Federal Reserve board governors will discuss artificial intelligence, the economy, and the Fed’s monetary policy framework in a variety of forums as the federal regulator of credit unions on Thursday takes up a number of […]
More than $88 billion was paid to the U.S. Treasury by the Federal Reserve system in 2020, up $33.3 billion from the previous year, according to a report issued Monday. In its report on Reserve […]
Citing the aim of promoting greater financial inclusion and helping communities meet the challenges of the ongoing COVID-19 pandemic, the federal regulator of credit unions is encouraging eligible institutions – federal credit unions (FCUs) with […]
The chairman of the National Credit Union Administration (NCUA) Board on Monday said he has assigned Kyle Hauptman, the board vice chairman, to serve as the board’s liaison to the Defense Credit Union Council (DCUC) […]
The beta release of the Home Mortgage Disclosure Act (HMDA) platform for data collected in 2021 is available now for testing, the Consumer Financial Protection Bureau (CFPB) said in a notification Monday. The beta platform […]
Eleven companies will compete in the final phase of a “tech sprint” for developing a novel method for community bank financial reporting, the federal insurer of bank deposits said Monday. The Federal Deposit Insurance Corp. […]
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