Compliance responsibilities of credit reporting agencies and furnishers of report information under the consumer and business relief provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) are outlined in a policy statement […]
Credit unions will have an additional 60 days to submit comments on their federal regulator’s corporate credit union proposal as a result of unanimous action by the agency’s board, according to an announcement Wednesday. The […]
Title: Corporate Credit Unions Subject: Corporate credit unions Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final rule updates, […]
The federal credit union regulator Monday afternoon announced that of the money allocated for this year’s revolving loan fund activities, $4 million is designated for loans and $800,000 for grants so credit unions can help […]
The National Credit Union Administration (NCUA) and credit unions would have a few added authorities for dealing with the challenges posed amid the coronavirus pandemic under the Coronavirus Aid, Relief and Economic Security Act (CARES […]
A total of $8.5 million – “approximately” $7 million for loans and $1.5 million for grants – is being made available to qualified low-income-designated credit unions for coronavirus (COVID-19) pandemic response and other needs through […]
Applications to serve on the Federal Reserve Board’s Community Advisory Council (CAC) for a three-year term beginning next Jan. 1 will be accepted by the Fed Board between April 6 and June 5, the Fed […]
The umbrella group representing the federal financial institution regulators on Monday underscored the eased stance being taken amid the coronavirus crisis by the Consumer Financial Protection Bureau (CFPB) regarding home mortgage reporting requirements. The Federal […]
A task force created by the federal agency charged with consumer financial protection is seeking public input – by June 1 – to identify areas of consumer protection the task force should focus on as it […]
Low-income-designated, federally insured credit unions will be able to access the National Credit Union Administration’s (NCUA) qualification process for “streamlined” community development financial institution (CDFI) certification beginning March 29 (Sunday), the agency said Thursday. Credit […]
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