News stories tagged NCUA
Harper tells Congress: more needed for CDRLF
(June 4, 2021) An increase in appropriations in 2022 for NCUA’s Community Development Revolving Loan Fund (CDRLF) was requested this week by agency Board Chairman Todd Harper in NCUA’s annual...
Alert provides details behind QM compliance date delay
(May 28, 2021) The delay to Oct. 1, 2022 of the mandatory compliance date of the general qualified mortgage (QM) final rule is the subject of a regulatory alert issued...
Letters support asset reporting threshold, CLF rules
(May 28, 2021) Comment letters on NCUA’s interim final rules on asset thresholds for reporting purposes, and for conforming existing NCUA’s Central Liquidity Facility rules with new statutes, were submitted...
Summary outlines key points of LIBOR letters
(May 28, 2021) An overview of the letter to credit unions on the future of the LIBOR reference rate is the latest summary to be posted by NASCUS; it is...
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...
Letters: stop using LIBOR ASAP
(May 21, 2021) Stopping the use of LIBOR as a reference rate as soon as possible as a year-end expiration date looms is encouraged for all federally insured credit unions,...
Good news on premium, but vigilance necessary, Ito notes
(May 21, 2021) The development that, at least for now, a premium won’t be necessary to be paid by federally insured credit unions to the NCUSIF is good news for...
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...
Board looks for input on how NOL is calculated
(May 21, 2021) In a related move Thursday, the NCUA Board voted unanimously to seek public comments on its policy that guides the determination of the insurance fund’s Normal Operating...
No insurance premium likely soon, as fund’s equity level keeps steady
(May 21, 2021) There is likely no insurance premium in the immediate future for federally insured credit unions, as the estimated equity level for the federal credit union insurance fund...
Final derivatives rule approved
(May 21, 2021) Also at its Thursday meeting, a final rule on derivatives was approved unanimously by the NCUA Board, making three changes from the proposal issued last December. The...
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...