Ready or Not, the CFPB is Moving to Rush Every Possible Rule Out Before Next Administration Comes in so, As Predicted, Their Overdraft Rule is Finalized Before the Cake Has Had Time to Properly Bake
NCUA Board Reissues Proposed Regulation Requiring all Federal Credit Unions to Have Succession Plans that Meet NCUA Specifications and Proposes New Rule on Executive Incentive Compensation
NCUA Board Finalizes Rodney Hood’s Financial Innovation Rule – Perhaps a Swan Song for an Issue He Has Championed – In What Will be One of His Last NCUA Board Meetings
President Biden’s Announcement This Week of a Crack Down on “Junk Fees” and Some Overdraft Fees Will Likely Prepare the Way for Current and Upcoming CFPB Action
NCUA Moves on Revisions to its Interest Rate Risk Supervisory Framework Through Supervisory Letter Issued by the Agency to Credit Unions and Examiners Today
NCUA Announces Another $395 Million in Distribution From the Corporate System Resolution Program as the Corporate Crisis Paybacks Near $3 Billion Total
With Interest Rates Rising, NCUA is Almost Certain to be Required to Address its Interest Rate Risk Supervisory Frameworks or the DOR’s will be Coming by the Hundreds
Cyber Security, As Expected is Back on the Front Burner with NCUA as a New Cyber Security Reporting Rule – Perhaps the First of Several More to Come – Is Proposed at Today’s NCUA Board Meeting
House Passes Vendor Examination Authority for NCUA Over All Credit Union Vendors as Part of Defense Authorization Act – Legislation Heads to the Senate
Senate Banking Committee Approves Todd Harper’s Renomination To Serve On NCUA Board, Setting Stage For Eventual Senate Vote And His Ability To Remain Chairman
NCUA Board Approves 2022 Agency Budget, Providing Some Guidance For Credit Unions As To Whether To Expect A 2022 NCUSIF Premium And Where NCUA Is Headed On Supervisory Issues
NCUA Holds 2022 Budget Briefing With Some Board Concerns Evident – Proposed Operating Budget Up 3.6% With 48 New Hires Even Though Number Of Federally Insured CUs Is Now Below 5000
NCUA Board Approves Final Rule That Updates – Though Not As Much As Needed – The Agency’s Definition of What Constitutes A Credit Union Service Facility
NCUA Chairman Todd Harper Went Before The Senate Banking Committee For His Confirmation Hearing Today With No Fireworks And No Opposition – Confirmation Almost Certain
Although Little Fanfare from Today’s NCUA Board Meeting, There Was Some Significant Movement Evident To Insiders That May Have Impact on Major Issues Forthcoming
NCUA Board Proposes Another Risk-Based Capital Rule That Offers An Alternative Calculation Method As Board Debates Whether RBC Should Be Repealed Entirely
House Financial Services Committee Chairwoman Maxine Waters Has Prepared A Bill For Committee Consideration That Would Allow NCUA Unlimited Regulatory and Examination Authority Over All Credit Union Vendors
Senate Races In Georgia Go Democrat, Thus Giving Full Control Of Government Policy Making – What Is Impact Of One-Party Control On America’s Credit Unions?
As you know, President Trump on Friday afternoon signed into law the “Coronavirus Aid, Relief, and Economic Security Act of 2020,” also known as the CARES Act. The bill passed both houses of Congress last week with overwhelming bipartisan support.
The National Credit Union Administration issued today their guidance on what federal credit unions can utilize as flexibility options in regards to their scheduled annual membership meetings and board meetings during this time of coronavirus restrictions on gatherings.
It has now been confirmed what we expected. The American Bankers Association (ABA), despite their decisive loss at the appeals court level, has potential the US Supreme Court to hear their further appeal of the 2016 NCUA Field of Membership rules.
This past Friday afternoon the Office of Inspector General (OIG) at the National Credit Union Administration (NCUA) released an investigative report that can only be described as sensational and sordid – National Enquirer worthy, in fact.
Every year we provide you with some of the more important news we gleaned from our attendance at the CUNA Governmental Affairs Conference (GAC) which just ended on Wednesday of this week in Washington, DC.
Quite often the NCUA Board meetings are viewed as somewhat perfunctory in the eyes of credit unions and many credit union leaders are of the mindset that “the less action they take – the better off credit unions are.” However, yesterday’s NCUA Board meeting was anything but routine. And it was certainly not lacking in issues of significance to credit unions.
