Meeting: NCUA Board (open meeting)
The National Credit Union Administration (NCUA) Board is scheduled to meet in open session, with a closed meeting following immediately after. (These meetings were originally scheduled July 16.)
NCUA
COVID-19 actions
Elder financial abuse, aggravated by pandemic, focus for webinar
An update on the impact of elder financial exploitation and scams related to the coronavirus (COVID-19) crisis will be explored in a Thursday (June 11) webinar hosted by the federal credit union regulator and featuring […]
Comments due: NCUA (proposed rule; joint ownership share accounts)
Comments are due to the National Credit Union Administration (NCUA) on a proposed rule to allow account records information other than a signature card to support the insured status of a joint ownership share account […]
NCUA
Comments due July 6 on NCUA proposal on joint ownership share accounts
A proposal allowing account records information other than a signature card to support the insured status of a joint ownership share account in a credit union was published in the Federal Register Friday with a […]
NCUA
Joint Ownership Share Accounts
Title: Joint Ownership Share Accounts Subject: Joint accounts; share insurance Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its share insurance regulation governing the requirements for a share account to be […]
NCUA
Regulators’ group jointly decries racism, discrimination; vows commitment to financial inclusion
Racism and discrimination must not be tolerated, a joint statement released Friday by all federal financial institution regulators stated in the wake of the death of a Minneapolis man during a police apprehension last week. […]
NCUA
Credit union regulator speaks out on George Floyd death, calls for ‘true inclusion’ among financials
“Abuse of authority and violence against a black man” prompted the chairman of the board for the federal credit union regulator to release a pointed statement Tuesday urging “true inclusion” among regulators, financial institutions and […]
NCUA
Credit union regulator slaps three with prohibitions
Two individuals were prohibited from service at credit unions or other federally insured financial institutions after being sentenced for financial crimes, and a third agreed to a prohibition order after an investigation revealed a theft. […]
FDIC
First credit union of 2020 fails; third of year (so far) for federally insured financial institutions
The first credit union failure in 2020 was announced Friday by the federal credit union regulator – and the third federally insured financial institution to fail this year so far – as the agency took […]
FDIC
After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday
Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to […]