Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
A Facebook Live event to help military consumers learn how to recognize and avoid scams, and learn about available resources, will be held July 17 by the National Credit Union Administration (NCUA) and Federal Trade […]
Partial exemptions for some financial institutions from certain Home Mortgage Disclosure Act (HMDA) requirements resulting from regulatory relief legislation enacted in May are outlined in a joint statement issued Thursday by federal financial institution regulators. […]
Louisville Metro Police Officers Credit Union of Louisville, Ky., became the third federally insured credit union of 2018 to be liquidated Friday, following actions earlier this year against credit unions in New Jersey and Illinois. […]
Two individuals who pleaded guilty to charges of embezzlement at the credit unions where they worked have been prohibited from any future involvement in the affairs of a federally insured depository institution, according to orders […]
The National Credit Union Administration (NCUA) will host two webinars this summer for credit union professionals interested in learning more about the workings of federal share insurance. The first webinar, “Looking for a CURE for […]
A rule requiring credit unions to adopt “risk-based capital” in 2019 would be delayed by two years under legislation agreed to by the House Wednesday. The Foreign Investment Risk Review Modernization Act of 2018 (H.R. […]
The federal regulator of credit unions has about $2 million in grant money available for “low-income” credit unions through its revolving loan fund. The application period opens July 1 and closes Aug. 18. Before applying, […]
Federal financial institution regulator examinations for compliance with “customer due diligence” (CDD) requirements are set to get underway beginning July 1 by at least one regulator – with another planning to follow – for most […]
In what is a first for the federal regulator of credit unions, a final rule approved Thursday by the agency will subject some community-based federal credit union applications to public hearings. The final rule takes […]
A final rule revising the procedures a federally insured credit union (FICU) must follow to merge voluntarily with another such institution – including how members are notified and what disclosures are necessary about compensation for […]
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