A hearing on the reappointment of the chairman of the board for the federal credit union regulator is set for Thursday, the Senate Banking Committee said Monday. According to the committee’s website, the hearing for […]
“Critical information” for compliance with expiring pandemic-era protection programs for homeowners is addressed in a Letter to Credit Unions from their federal regulator Monday. The National Credit Union Administration (NCUA) letter, sent to all federally […]
Seven new positions will be added to the employee roster of the federal credit union regulator following a “midsession” budget review by the agency board Thursday. The money to pay for the positions was realized […]
While credit unions’ assets grew and failures declined over the past 10 years, the inspector general at the National Credit Union Administration (NCUA) “commonly cited” weaknesses or failures in NCUA oversight as one of the […]
Regulatory requirements and processes that the federal regulators use to review a voluntary liquidation of a mutual federal savings association (mutual FSA) have been updated, the Office of the Comptroller of the Currency (OCC) said […]
Community banks that invested more in technology before the onset of the coronavirus crisis generally made more loans and took in more deposits during the pandemic than did community banks that invested less in technology, […]
Federally insured, state-chartered credit unions (FISCUs) in Oregon will continue to be exempt from federal rules on credit union member business lending (MBL) under action Thursday by the National Credit Union Administration (NCUA) Board. The […]
Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term as Comptroller of the Currency, the White House announced Thursday. A former special advisor for […]
The fund that insures member savings in federally insured credit unions had $46.3 million in net income and $19.8 billion in assets in the second quarter of 2021, but the fund’s operating level remained well […]
A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule taking effect Jan. 1 – was approved unanimously […]
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