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.
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 […]
Nominations were sent to the Senate Wednesday for two individuals recently named by President Donald Trump for positions at the federal consumer financial protection agency and the federal regulator of credit unions. The White House […]
A former federal credit union regulator would take the place of a current federal credit union regulator if confirmed by the Senate, under an “intention to nominate” announced by the White House Monday. The nomination […]
The coming week brings another deadline for comments in the consumer bureau’s series of “call for evidence” requests for information (RFIs), speeches by the top banking regulators, an open credit union agency board meeting and […]
Final rules on voluntary mergers and credit union membership are on the agenda for the National Credit Union Administration (NCUA) Board meeting June 21. The board will also hear briefings on the modernization of its […]
Federal Reserve Board nominations, congressional testimony by the regulator of national banks, and central bank and credit union regulator board meetings are among the items making news in the week ahead for federal financial regulators. […]
Federally insured credit unions expanded their loans by $87 billion in the one-year period ending March 31, the federal regulator of credit unions said in releasing quarterly results Wednesday. The National Credit Union Administration (NCUA) […]
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