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. […]
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 […]
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 […]
Dollar thresholds for transactions exempt from consumer credit and lease rules will remain unchanged at $58,300 in 2021, the Federal Reserve and Consumer Financial Protection Bureau (CFPB) announced Tuesday. The exemptions are provided under Regulation […]
The threshold for exempting loans from special appraisal requirements applied to higher-priced mortgage loans under the Truth in Lending Act will remain at $27,200 in 2021, unchanged from this year’s threshold, according to an announcement […]
Acting Comptroller of the Currency Brian Brooks is expected to be nominated by President Donald Trump for a five-year term as the head of the Office of the Comptroller of the Currency (OCC), the White […]
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