The NCUA Board (Board) is temporarily modifying certain regulatory requirements to help ensure that federally insured credit unions (FICUs) remain operational and liquid during the COVID-19 crisis. Specifically, the Board is issuing two temporary changes […]
Title: Prompt Corrective Action: Earnings Retention Waivers and Net Worth Restoration Plans Subject: Prompt corrective action; coronavirus response Agency: NCUA Status: Interim final rule Summary: The NCUA Board (Board) is extending two temporary changes to […]
An interim final rule that relieves credit unions of the earnings transfer requirement when they drop from “well capitalized” to “adequately capitalized” status and eases net worth restoration plan documentation for “undercapitalized” credit unions takes […]
The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit […]
Designating military personnel as “low-income” credit union members, announced May 7, requires some changes in how the federal credit union regulator counts those members – but that won’t require federally insured credit unions (FICUs) to […]
“Best practices” and pitfall avoidance for credit union Bank Secrecy Act (BSA) compliance programs will be discussed during a slated June 17 and hosted by the National Credit Union Administration (NCUA), the agency announced Wednesday. […]
The chairman of the governing board of the federal credit union regulatory agency has lent his support to a third-party petition to the Federal Communications Commission (FCC) that seeks the ability for financial institutions to […]
A 40-minute webinar explaining the workings of the Central Liquidity Facility (CLF) is available on demand via the National Credit Union Administration’s (NCUA) website, the agency said Tuesday. The webinar, with opening remarks by NCUA […]
A reminder that credit unions have only until May 31 to apply to use the National Credit Union Administration’s streamlined process for obtaining community development financial institution (CDFI) certification was issued by email Friday by […]
Outgoing Comptroller of the Currency Joseph Otting received a warm farewell from the board chairman at the federal credit union regulator Friday, the first (and, so far, only) of the national bank regulator’s federal regulator […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info