Federally insured, state-chartered credit unions (FISCUs) in Oregon will continue to be exempt from federal rules on credit union member business lending (MBL) under action Thursday by the National Credit Union Administration (NCUA) Board. The […]
Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]
The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
Three final rules will be taken up – one each from October through December – affecting permissible activities by credit union service organizations (CUSOs), the definition of shared facilities, and the purchase of mortgage servicing […]
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