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.
Following the Oct. 2 release of its 2018-19 proposed budget, NCUA plans for an Oct. 18 public briefing on its spending plan, with an aim of “budget transparency” according to Board Chairman J. Mark McWatters. […]
A decision on whether the NCUA budget will be subject to the congressional appropriations process will have to wait at least one more day as the House has delayed votes to Tuesday evening, due to […]
Federal financial institution regulators are gearing up for the approach of Hurricane Irma, which may strike Florida or parts of the Gulf Coast as soon as this weekend. The Office of the Comptroller of the […]
A laundry list of sweeping regulatory reform proposals over a four-year period – including delaying “risk-based capital” requirements, a new rule allowing alternative capital and blocking credit unions switching from federal insurance to be eligible […]
NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]
At least two of the executive orders issued by President Donald Trump this month and last are expected to “influence” the work of the federal credit union regulator, the new acting chairman of the agency […]
A $1.8 billion credit union — within the top 150 federally insured credit unions in the country in asset size — Friday was conserved by the New York State Department of Financial Services, which appointed the […]
Alternative capital at credit unions is the subject of an advance notice of proposed rulemaking by NCUA published by the Federal Register today, opening the 90-day public comment period. Comments will be due on the […]
A regulatory freeze imposed by the Trump administration does not apply to the NCUA, as it is an independent federal financial regulator, but the agency will “adhere to its spirit,” according to a statement issued […]
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