News stories tagged NCUA

Vendor exam authority, insurance fund changes sought

(May 21, 2021) Giving his agency examination and enforcement authority over third-party vendors, and making key changes to the structure of the federal savings insurance fund for credit unions, were...

Agencies offer more time to comment on AI

(May 21, 2021) An extension to July 1 for the deadline to comment on how credit unions and banks use artificial intelligence (AI) in their activities was announced this week...

Agency earmarks 12 rules for review this year

(May 14, 2021) Rules of NCUA Board procedure (including public observation of meetings), registration of residential mortgage loan originators, procedures for debt collection and post-employment restrictions for certain NCUA examiners...

Opinion sets bounds for how share insurance applies

(May 14, 2021) 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...

May 24 webinar set to explain capital investment program

(May 14, 2021) NCUA is encouraging credit unions to participate in a May 24 webinar explaining (and answering questions about) the U.S. Treasury’s Emergency Capital Investment Program (ECIP), which has...

Cyber security need underscored by pipeline hack, shortages

(May 14, 2021) If you were one of the unfortunate but countless number of folks sitting in line at the gas pumps this week – wondering “what can I do...

BRIEFLY: NCUA, CDFI Fund set webinar on small-dollar loan program; Regulators to testify; Trades oppose debt collection legislation

(May 14, 2021) The small-dollar loan program of the Treasury’s Community Development Financial Institution (CDFI) Fund related to credit unions is the subject of a webinar planned for May 27 by...

Letter outlines concern over CUSO reporting requirements

(May 7, 2021) Possible, additional reporting requirements for state credit unions because of a proposed new rule on credit union service organizations (CUSOs) is a key concern outlined by the...

IN’s Fite named chair at SLC

(May 7, 2021) Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the FFIEC, the group said this week....

BRIEFLY: First new FCU of year chartered; will serve local Islamic community …

(May 7, 2021) A new federal credit union chartered late last month in Kendall Park, N.J., to serve a local Islamic community will offer its members non-interest-bearing consumer loans, among...

Action coming on interest capitalization, derivatives, NCUA chairman indicates

(April 23, 2021) While no new regulations were proposed or finalized, the NCUA Board did indicate at its meeting Thursday that final rules on two NASCUS-supported proposals – on capitalization...

Briefings look at cybersecurity, reg relief

(April 23, 2021) Meanwhile, the NCUA Board did hear two briefings during its Thursday meeting: on cybersecurity and on an interim final rule (IFR) it adopted late last week on...