Usually, when a witness appears before a congressional committee, she or he receives a warm welcome from the committee’s chairperson or at least some words like “thanks for being here” (whether heartfelt or not). It […]
A proposed rule to revise how federal credit union (FCU) assets are calculated for operating fee assessment purposes and another on the methodologies used in setting the agency’s operating fee schedule and overhead transfer rate […]
A proposal that would phase in over three years the “day one” adverse effects on credit unions’ regulatory capital under the “current expected credit losses” (CECL) accounting standard, but which would exempt small credit unions […]
A federally chartered credit union will once again be able to seek to serve a combined statistical area (CSA) as a “well-defined” local community if that area has a population no greater than 2.5 million […]
Any relief banks may receive on their leverage ratio requirements through congressional action should only be temporary, the chair of the nation’s central bank said Wednesday – but he did indicate support for the provisional […]
The Federal Reserve’s temporary U.S. dollar liquidity swap lines and temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) established in March to help ease the effects on funding markets from […]
Queuing up Thursday’s planned action regarding the credit loss accounting standard, National Credit Union Administration (NCUA) Board Chairman Rodney Hood told a credit union group Wednesday that he remains concerned about the standard’s potential impact […]
A regulatory environment that allows for expanding credit with protection from discrimination in credit transactions is the stated aim of a “request for information” (RFI) from the consumer financial protection agency, announced Tuesday. In a […]
About 5% of complaints received by the federal consumer financial protection agency since the year began specifically referenced coronavirus, the director of the agency told a Senate panel Wednesday. Consumer Financial Protection Bureau (CFPB) Director […]
A webinar for credit unions, “Export Financing for Your Small Business Members,” will be hosted Aug. 19 by the National Credit Union Administration (NCUA) and feature Export-Import Bank staff providing a look at the bank’s […]
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