Eliminating the six-month waiting period for new members to receive a loan is one of several “enhancements” for the lending arm of the federal credit union regulator that was approved by the agency’s board Monday. […]
The National Credit Union Administration (NCUA) Board will hold an open meeting, with members of the public able to view the meeting online via webcast only due to the coronavirus pandemic. The open meeting agenda […]
A webinar aimed at increasing awareness among the general public of the benefits of federal deposit and share insurance – particularly during the coronavirus crisis – will be held jointly Thursday from 2 to 3 […]
Most of its congressional appropriation for community development – more than $1.37 million – will be committed to assisting credit unions in dealing with the coronavirus crisis, the federal credit union regulator said Monday. In […]
Rules related to regulatory relief in response to the coronavirus crisis, as well as those implementing legislative changes related to the agency’s liquidity facility for credit unions, are on the agenda for the board of […]
Eight key portions of legislation enacted in late March to bolster the economy (including workers and businesses) that affect credit unions and their operations are outlined in a Tuesday letter to the institutions from their […]
Hoping to match up past statements with newly enacted laws, federal financial institution regulators Tuesday issued a joint statement noting that loan modification programs (including troubled debt restructurings [TDRs]) offered to financial institution customers affected […]
Loans credit unions make through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), created to help small businesses weather the coronavirus pandemic, are 100% guaranteed and will not count against a credit union’s member […]
Mortgage servicers’ ability to place consumers in short-term forbearance programs like those required by new legislation enacted in response to the coronavirus crisis is outlined in a policy statement issued by federal financial institution and […]
Three former credit union workers were prohibited from work at any federal insured financial institution last month by the credit union federal regulator over individual actions related to embezzlement and troubled debt restructurings (TDRs). The […]
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