Interim final rules on non-interest charges and fees, and dependent care and board member reimbursement, were adopted early Monday by the one-man board overseeing the federal credit union regulator, the agency said. In a release, […]
An advisory issued jointly Friday by bank and credit union prudential regulators with Treasury’s financial crimes enforcement arm encourages the institutions to aid in the detection and reporting of illegal aliens. The agencies – Treasury’s […]
The next open meeting of the National Credit Union Administration (NCUA) Board is planned for June 24 (a Wednesday) at 10 a.m. eastern, the agency’s online schedule shows. The meeting, with no agenda released yet, […]
Beverly Hills City Employees Federal Credit Union, Beverly Hills, Calif., has been merged into Nuvision Federal Credit Union, Huntington Beach, Calif., following about a four-month conservatship, according to a release Tuesday. The National Credit Union […]
The former chief executive officer of a now-closed New York credit union has been prohibited from future service (becoming an “institution-affiliated party”) at any federally insured financial institution, the federal regulator said Friday. Alan S. […]
An inspector general report on the federal credit union regulator’s enterprise risk management (ERM) found that the group of senior staff responsible for primary oversight of ERM “did not consistently establish, update, or use risk […]
The Treasury Department and federal financial institution regulators are charged in a recent executive order to take action aimed at mitigating potential credit risks post by the “non-work authorized population.” “My Administration will not tolerate […]
A revised regulatory ratings system for banks and credit unions will be available for public comment for 90 days, the regulators said late Wednesday as the proposed new scheme was unveiled. The ratings regiment – […]
A proposed rule to sets standards for credit unions approved to act as permitted payment stablecoin issuers (PPSIs) under the GENIUS Act was issued Friday by the National Credit Union Administration (NCUA). The proposal supplements […]
Treasury’s deputy assistant secretary for financial institutions policy is President Trump’s pick to succeed Kyle Hauptman at the National Credit Union Administration (NCUA) Board. The White House included John Crews, who has had the Treasury […]
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