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.
Two actions against former credit union workers were taken by their federal regulator in October, the agency said Friday, one for a theft conviction and the other for a charge of causing the institution a […]
A final rule that affects the types of service organizations in which credit unions may invest, and to which they may lend, was published in the Federal Register Wednesday with ah effective date of Nov. […]
A Texas credit union that expects to start operations by year’s end is the third to be chartered in 2021 by the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration […]
Three town halls will be led by a member of the federal credit union regulator’s board at the diversity, equity and inclusion (DEI) conference set for three days next week, the agency said Tuesday. National […]
Low-income-designated credit unions that are eligible to receive funding from Treasury’s Emergency Capital Investment Program (ECIP) may accept 30-year subordinated debt investments from the program, according to the National Credit Union Administration (NCUA). The NCUA […]
A final rule that adds a “market sensitivity” component to the federal examination system for credit unions was approved unanimously Thursday by the National Credit Union Administration (NCUA) Board, with board members voting 3-0 in […]
Credit union subsidiaries – better known as “credit union service organizations” (CUSOs) – will be able to originate any type of loan that a federal credit union (FCU) may originate under a final rule approved […]
A joint regulators’ statement that suggested actions banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate was joined Thursday by the federal consumer financial […]
Use of cloud-based email services is proving to be a target for cybercriminals, and credit unions need to take steps to thwart any exploitation and take preventative steps, the federal credit union regulator said Tuesday. […]
Finalizing a proposed – and contentious – rule on expanded lending and services provided by federal credit union (FCU) credit union service organizations (CUSOs) highlights the scheduled agenda for next week’s meeting of the federal […]
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