News stories tagged NCUA
Hood outlines CU performance, outlook; seeks CLF changes
(Nov. 13, 2020)Despite the financial impact of the coronavirus crisis, federally insured credit unions performed well and remain well capitalized – although there are still challenges ahead, NCUA Board Chairman...
Election results present prospects for changes at top of key agencies
(Nov. 13, 2020) Last week’s election results – in which Democrat (and former vice president) Joseph R. Biden claimed more electoral votes than Republican (and incumbent) President Donald Trump, as...
New corporate rule provisions take effect Dec. 14
(Nov. 13, 2020) NCUA’s new, revised rule on corporate credit unions – addressing at least five key areas in current rules, including permitting the institutions to make a minimal investment...
Summary highlights supervisory guidance proposal
(Nov. 13, 2020) NASCUS has posted a new summary of a proposal by federal financial institution regulators – including NCUA and CFPB – aimed at clarifying and codifying the role...
Higher OTR limits insurance fund, NASCUS writes in comment letter
(Nov. 6, 2020) Increases in the overhead transfer rate (OTR – the rate at which dollars transferred from the National Credit Union Share Insurance Fund (NCUSIF) to fund insurance-related costs...
NCUA names permanent E&I director
(Nov. 6 ,2020) Ending an eight-month role as “acting” top supervisor for NCUA, Myra Toeppe has formally been named the director of the agency’s office of examination and insurance, according...
Agency sets two webinars in coming weeks
(Nov. 6, 2020) Two webinars – one on fair lending and consumer compliance and another on financial literacy and consumer financial protection for servicemembers – are on the horizon for...
NCUA joins regulators in proposing rule codifying supervisory guidance
A proposed rule aimed at clarifying and codifying the role of supervisory guidance from federal financial institution regulators was adopted by NCUA this week, joining the federal banking agencies and...
NCUA’s Hood recommits to financial inclusion
Saying he has “reinforced” his commitment to financial inclusion, NCUA Board Chairman Rodney Hood this week announced a new program sponsored by the agency to do just that, by launching...
Agencies issue proposed rule on guidance; NCUA to follow
The role of “supervisory guidance” would be clarified as meaning it doesn’t have the force of law in a proposed rule issued this week by federal banking regulators, CFPB and,...
Derivatives ‘streamlining’ proposed; cybersecurity discussed
In other action Thursday, the NCUA Board issued a proposed rule the agency said would streamline its regulations on derivatives, and heard a report on cybersecurity. Regarding the derivatives proposal,...
Board OKs final rule on corporate CUs; leaves out sub-debt portions (for now)
A final rule on corporate credit unions that is generally aimed at clarifying a number of provisions in NCUA’s rules was approved unanimously by the agency’s board Thursday. In other...