Eligible low-income credit unions have until May 22 to apply for Community Development Revolving Loan Fund (CDRLF) grants to meet their needs and needs of their members during the COVID-19 pandemic, the federal credit union […]
Temporary reductions by 1% in the capital levels at which credit unions would qualify as adequately and well-capitalized, to provide the institutions a measure of relief during the pandemic, were among the recommendations made to […]
Credit unions are encouraged to advise mortgage borrowers with a need for immediate access to funds that they can forego waiting periods for some of the loans, due to the coronavirus crisis, the federal credit […]
The liquidity facility run by the federal credit union regulator will be able to borrow more than $13 billion to meet the liquidity needs of 3,700 credit unions through this year-end under membership subscriptions enabled […]
An interagency policy statement proposed last October on the interpretation and application of the accounting industry standard for the treatment of credit losses has been made final, along with interagency guidance on credit risk review […]
A change in methodology, announced Thursday, that captures the APO and FPO addresses of active-duty military personnel means those individuals’ incomes will now be included in the federal credit union regulator’s analysis of whether a […]
The Senate Banking Committee has scheduled a hearing, “Oversight of Financial Regulators,” which will be held remotely and webcast live. Witnesses are Randal K. Quarles, Federal Reserve Board Vice Chairman for Supervision; Joseph Otting, Comptroller, Office of the […]
A May 12 hearing, held remotely and webcast live, on federal bank and credit union supervision is slated by the Senate Banking Committee, which plans to take testimony from the Federal Deposit Insurance Corp. (FDIC), […]
Four areas of statutory changes that the federal credit union regulator said would assist its efforts “in light of COVID-19” were outlined in a letter from the agency’s chairman to the chairman of the Senate […]
Tanya Green-Smith, a former employee of Northwood Federal Credit Union in Philadelphia, Pa., was permanently barred from future participation in the affairs of any federally insured financial institution under an order issued April 1 by […]
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