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 proposed rule on Incentive-based compensation at financial institutions with total assets of $1 billion or more – and which was reissued by banking regulators in May – was issued for comment Thursday by the […]
Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
A proposed rule to limit incentive-based compensation arrangements – first proposed in 2011, modified in 2016 and now coming forward again – will be considered by the federal credit union regulator’s board when it meets […]
The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension. The previous deadline was July 1. […]
A 2021 study shows the federal credit union regulatory agency budgeted much fewer examination hours for supervised credit unions than the federal bank deposit insurer did for supervised banks in the periods covered, according to […]
An Atlanta, Ga.-based credit union that was conserved by the federal credit union regulatory agency Friday showed a nearly $150,000 net loss just in the first quarter and losses of more than half that amount […]
Credit unions are being encouraged to participate in a survey by the Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) that seeks to identify what types of CISA services best meet their needs for […]
A self-initiated review of the federal credit union regulator’s Bank Secrecy Act (BSA) program produced four recommendations by the agency’s inspector general for improving parts of its examination tool, its process of reporting to Treasury’s […]
Risks of artificial intelligence is a subject the federal regulator wants its credit unions to weigh in on, according to a release issued by the agency Friday. The National Credit Union Administration (NCUA) “encouraged” credit […]
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