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 […]
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 […]
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 […]
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. […]
“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 […]
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. […]
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 […]
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 […]
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 […]
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