Federally chartered credit unions may adopt or continue following a special bylaw authorized by their regulatory agency to facilitate remote annual membership, board, or special membership meetings in 2021, the agency said in a letter […]
The designated reserve ratio (DRR), or target reserve ratio, for the federal fund that insures deposits in banks in 2021 will remain where it’s been since 2010 – at 2%, the Federal Deposit Insurance Corp. […]
Although only about 2.3% of federally insured credit unions responded to its voluntary diversity self-assessment survey in 2019, the federal credit union regulator heralded Friday the fact that participation in the survey has grown 46% […]
The last time the federal credit union regulator disclosed the equity ratio of the insurance fund that protects credit union member deposits was in September, and that ratio – 1.22% – was 16 basis points […]
The federal banking and credit union regulators Thursday released a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that offer services to charities and non-profits. The fact […]
Two members of the three-member National Credit Union Administration (NCUA) Board on Thursday in open session took issue with the agency’s budget proposal as drafted and said they would be seeking changes – including the […]
Credit unions would be permitted to include unpaid interest in loan workouts and modifications for all types of member loans – including commercial and business loans – under a rule proposed Thursday by their federal […]
The threshold at which annual assessment fees will be applied to bank holding companies (BHCs) and savings and loan holding companies (SLHCs) will rise from $50 billion to $100 billion in total consolidated assets under […]
Two new recommendations were made to the National Credit Union Administration (NCUA) in a recent audit report to help the agency improve the effectiveness of its information security and its privacy programs and practices, the […]
Experienced financial advising firms are being sought to develop a structure and “operational aspect” for the new “Mission-Driven Bank Fund” being established by the federal insurer of bank deposits to assist minority depository and community […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info