Credit unions will have an additional 60 days to submit comments on their federal regulator’s corporate credit union proposal as a result of unanimous action by the agency’s board, according to an announcement Wednesday. The […]
Title: Corporate Credit Unions Subject: Corporate credit unions Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final rule updates, […]
The federal credit union regulator Monday afternoon announced that of the money allocated for this year’s revolving loan fund activities, $4 million is designated for loans and $800,000 for grants so credit unions can help […]
The National Credit Union Administration (NCUA) and credit unions would have a few added authorities for dealing with the challenges posed amid the coronavirus pandemic under the Coronavirus Aid, Relief and Economic Security Act (CARES […]
A total of $8.5 million – “approximately” $7 million for loans and $1.5 million for grants – is being made available to qualified low-income-designated credit unions for coronavirus (COVID-19) pandemic response and other needs through […]
Clarifying the interaction between an interim final rule issued last week, and legislation enacted last week, on delayed implementation of the current expected credit loss (CECL) accounting standard was the aim of a joint statement […]
Federal banking examiners will use tier 1 capital plus the appropriate allowance for loan and lease losses or the allowance for credit losses attributed to loans and leases (as applicable) for the denominator when calculating […]
A temporary repurchase agreement facility for foreign and international monetary authorities (FIMA) aimed at bolstering the supply of credit to U.S. households and businesses was unveiled Tuesday by the Federal Reserve. In announcing the FIMA […]
A six-month delay for the effective date of the Federal Reserve’s new rule for determining whether a company controls another company was issued Tuesday by the agency, moving the date to Sept. 30. No changes […]
Applications to serve on the Federal Reserve Board’s Community Advisory Council (CAC) for a three-year term beginning next Jan. 1 will be accepted by the Fed Board between April 6 and June 5, the Fed […]
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