Big or small, financial institutions around the U.S. should be on guard for cyberattacks following Russian’s invasion of Ukraine, and allied responses to it, the federal credit regulator said Thursday. Passing along two alerts from […]
Webinars on changes in the first credit union call report of 2022, and for the regulatory exam rating system, are planned by their federal regulator for March 8 and 10, respectively. The National Credit Union […]
A “streamlined” application process is being phased out for credit unions eligible to be certified as a community development financial institution (CDFI), the federal credit union regulator said Thursday. Instead, the National Credit Union Administration […]
Nondiscrimination requirements under the Equal Credit Opportunity Act (ECOA) and fair lending risk areas related to marital status, age, income consideration, redlining, and indirect lending are the focus of a letter issued Wednesday to credit […]
A New York credit union conserved by state and federal regulators nearly three years ago was returned to the control of its members, the federal credit union regulator said Wednesday. Municipal Credit Union of New […]
Special-purpose credit programs to meet the credit needs of specified classes of persons – particularly those of underserved communities – are available under federal law and regulations, the federal financial institution regulators, and federal housing […]
Seven credit unions failed in 2021, costing the federal credit union savings insurance fund more than $5 million, the agency that oversees the fund said Wednesday. While the seven failures were the most in three […]
Credit unions with $15 billion and more in assets would be subject to supervision by a special office of their federal regulator that supervises large federally insured credit unions (FICUs) under a proposal issued Thursday […]
“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday. The unmodified audited financial statements are for the four funds run by the National Credit Union […]
Annual adjustments to asset-size exemption thresholds under the Truth in Lending Act (TILA) in effect for certain types of mortgage activity in 2022 are detailed in a regulatory alert issued Monday by the National Credit […]
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