News stories tagged NCUA
BRIEFLY: Risk management director opening in MA; FCUs advised of 18% loan cap
(Aug. 6, 2021) The Massachusetts Division of Banks is looking for candidates to fill the position of chief director of risk management (safety & soundness) supervision. For more information, see...
NCUA’s Harper, bank regulators, to face Senate panel
(July 30, 2021) NCUA gets a chance to share its views with the Senate next week when Board Chairman Todd Harper is scheduled to testify before the body’s Banking Committee....
Alert urges review of mortgage servicing rules
(July 30, 2021) Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected...
NASCUS: NCUA approach to NOL must accept tie between OTR, budget
(July 30, 2021) Any discussion about the normal operating level (NOL) of the federal credit union share insurance fund must acknowledge that the actual equity ratio of the fund is...
RFI seeks feedback on use of digital assets
(July 23, 2021) In other action Thursday, the NCUA Board issued a request for information on digital assets and related technologies, with a particular eye on current and potential uses...
Capital proposal would allow CUs to ‘opt in,’ avoid RBC requirements
(July 23, 2021) Federally insured credit unions with $500 million or more in assets could avoid risk-based capital (RBC) requirements and opt-in to a new measure of capital adequacy if...
NCUA Board to propose new complex CU leverage ratio
(July 16, 2021) A proposed rule on a new complex credit union leverage ratio (CCULR) is on the agenda for a the NCUA Board when it meets next week in...
NCUA spreads word about ECIP extension
(July 16, 2021) A 14-day application extension is among the “clarifications and amendments” planned for the capital investment program created for community development financial institutions (CDFIs) and minority depository institutions...
Agencies plan webinar on military consumer protections
(July 16, 2021) A focus on consumer financial protections for military servicemembers and their families is the target of a webinar slated July 28 by NCUA, CFPB and the Federal...
Agency to open phase 1 of onsite operations
(July 16, 2021) The “first phase” of NCUA’s plan to resume onsite operations – including exams — will begin Monday, the agency said this week, with staff and contractors permitted...
BRIEFLY: NCUA charters 2nd credit union of year; OCC ‘retires’ position of COO; NASCUS present at international CU regulators conference
(July 9, 2021) Community First Fund Federal Credit Union, of Lancaster, Penn., was chartered this week by NCUA, the second credit union chartered so far this year by the federal...
On rules for AI, slow and steady is the ticket, NASCUS writes
(July 9, 2021) A slow, methodical approach should be taken to determining the best regulatory scheme to address the use of the developing technology of artificial intelligence/machine learning (AI/ML) by...