Answers to frequently asked questions (FAQs) related to suspicious activity report (SAR) rules and other anti-money laundering (AML) considerations were issued jointly Monday by the four federal financial regulatory agencies. The FAQs from the Federal […]
The new Biden administration instituted a “regulatory freeze” order on Wednesday, requiring that no new rules be proposed or issued until a Biden-appointed official has reviewed or approved the rule. The order also requires that […]
By tapping Rohit Chopra as the intended nominee for next director of the federal consumer financial protection agency, the incoming Biden administration is signaling that changes are coming to leadership of federal financial institution regulation. […]
A continued focus on the challenges posed by the ongoing coronavirus (COVID-19) pandemic and steps to enhance the agency’s offsite monitoring of credit unions’ condition are among the highlights in a letter Friday on 2021 […]
Frank Kressman has been selected as the agency’s general counsel, a move that elevates him from his “acting” role in that post assigned 13 months ago. The National Credit Union Administration (NCUA), in a release […]
The federal credit union regulator on Thursday said it placed the $6.6 million-in-assets, 1,155-member Indianapolis’ Newspaper Federal Credit Union into conservatorship. “The NCUA placed Indianapolis’ Newspaper Federal Credit Union into conservatorship because of unsafe and […]
Improving coordination between the federal credit union regulator and federal consumer financial protection agency over the consumer protection supervision of credit unions with more than $10 billion in assets is the stated purpose of a […]
Three proposed rules, an advance notice of proposed rulemaking (ANPR), and a final rule were issued during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, with two of the actions addressing yet […]
The National Credit Union Administration (NCUA)Board proposes to amend its investment regulation to permit federal credit unions (FCUs) to purchase mortgage servicing rights from other federally insured credit unions under certain conditions. Reg lookup: Mortgage […]
Title: Mortgage Servicing Assets Subject: Investments Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule to permit federal credit unions (FCUs) to purchase mortgage servicing assets (MSAs), referred to […]
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