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 […]
Maximum civil money penalty amounts are rising about 1.18% under inflation adjustments made by federal financial institution regulators, with the increased maximums set to apply after Jan. 15. The Federal Deposit Insurance Corp. (FDIC), Federal […]
Melissa M. Lowden will be the federal credit union regulator’s next deputy chief financial officer, effective Jan. 17, the agency said Tuesday. In a release, the National Credit Union Administration (NCUA) said Lowden – who joined […]
The National Credit Union Administration (NCUA) Board proposes to amend its chartering and field of membership (FOM) rules to modernize requirements related to service facilities for multiple common bond federal credit unions (FCUs). It proposes […]
Title: Chartering and Field of Membership-Shared Facility Requirements Subject: Service facility Agency: NCUA Status: Final rule Summary: The NCUA Board (“Board”) is adopting a final rule amending its chartering and field of membership (“FOM”) rules […]
Federally insured credit unions (FICUs) designated as “low-income” by the National Credit Union Administration (NCUA) can apply to the agency’s streamlined qualification process created to smooth the way to community development financial institution (CDFI) certification […]
A proposed rule aimed at modernizing requirements related to federal credit union shared service facilities, issued in December, is out for comment until Feb. 10, according to a notice in Monday’s Federal Register. The proposed […]
Federal Reserve board governors will discuss artificial intelligence, the economy, and the Fed’s monetary policy framework in a variety of forums as the federal regulator of credit unions on Thursday takes up a number of […]
The National Credit Union Administration (NCUA) Board will hold an open meeting.
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