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.
Stopping the use of LIBOR as a reference rate as soon as possible as a year-end expiration date of the rate looms is encouraged for all federally insured credit unions, their federal regulator said in […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
Allegations of fraud at the failed Indianapolis Newspaper Federal Credit Union, conserved in January and closed March 31, are noted in a report that says the National Credit Union Administration (NCUA) Office of Inspector General […]
A final rule on investments in derivatives by credit unions, and two items that could have a significant impact on a savings insurance premium for credit unions, are all on the agenda for the board […]
Rules focused on security programs and crime reporting, records preservation, golden parachute and indemnification payments, and more are among those included in the federal credit union regulator’s scheduled 2021 review of one-third of its regulations, […]
The federal regulator of credit unions and a federal agency charged with providing advise on cyber risks and related matters will team up May 26 for a webinar for credit unions on preventing and addressing […]
The small-dollar loan program related to credit unions of the Treasury’s Community Development Financial Institution (CDFI) Fund is the subject of a webinar planned for May 27 by the CDFI and the federal credit union […]
The federal credit union regulator on Tuesday encouraged credit unions to participate in an upcoming “Ask the Regulators” webinar on the Treasury Emergency Capital Investment Program (ECIP), which has extended its application period to July […]
Whether share insurance applies to a credit union share certificate purchased by a limited liability corporation (LLC) depends in part on who owns the funds and whether the LLC is engaged in an “independent activity” […]
A former employee of Alaska Air Group Federal Credit Union (SeaTac, Wash.) is barred from any future involvement in federally insured depository institutions under an order announced Monday by the federal credit union regulatory agency. […]
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