The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if […]
Two former affiliated persons from credit unions who were convicted of financial crimes last year were “permanently prohibited” from participating in the affairs of any federally insured deposit institution under recent orders by the National […]
A list of frequently asked questions (FAQs) on the current expected credit losses (CECL) accounting standard for credit unions has been updated by their federal regulator, along with the agency’s simplified tool for dealing with […]
A credit union in Texas that spent nearly two years in conservatorship has been returned to the control of its members, the federal credit union regulator said Friday. The National Credit Union Administration (NCUA) on […]
Loans by federal credit unions (FCUs), in most cases, will continue to be capped at 18% in interest rates, at least for the next 19 months, following action Thursday by the cooperatives’ regulator. However, in […]
Treasury’s Emergency Capital Investment Program (ECIP) is offering a second round of funding, with applications due by 11:59 p.m. Eastern on Jan. 31, the federal credit union regulator told credit unions in an “express” announcement […]
Fees paid by federal credit unions (FCUs) that partially fund the operations of their regulator will drop in 2023 by an average of 1.8%, the agency reminded the institutions in a letter Wednesday. The National […]
Supervisory priorities for 2023 of the federal credit union regulator will be discussed during a Jan. 31 webinar hosted by the agency, it announced late Monday. In a release, the National Credit Union Administration (NCUA) […]
Federal regulators conserved a $28 million Texas credit union Friday, following findings of unsafe and unsound practices, the agency said. Valwood Park Federal Credit Union (FCU) of Carrollton, Texas, was placed under conservatorship by the […]
The key supervisory priorities of the federal regulator of credit unions in 2023 will include interest-rate, liquidity, and credit risks – according to a letter issued Wednesday – along with fraud protection and detection, information […]
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