News stories tagged NCUA

NCUA leaders want permanent CLF fixes

(Dec. 3, 2021) Congress should make permanent temporary enhancements to the fund that backs up credit union liquidity, which were made in response to the coronavirus crisis, the three members...

NASCUS seeks to offer states’ views of ’22 NCUA budget, OTR at briefing

(Nov. 24, 2021) The state system is seeking to provide its views of the proposed NCUA 2022 budget at the agency’s public briefing in two weeks, particularly the proposed increased...

BRIEFLY: Fair lending, consumer compliance webinar set; NASCUS 101 on tap for Dec. 9; Bank agencies ‘clarify’ crypto-asset use in summaries; Happy Thanksgiving!

(Nov. 24, 2021) Fair lending and consumer compliance are on the agenda for a Dec. 1 webinar hosted by NCUA, the agency said this week. Registration for the 3 p.m....

BRIEFLY: FCU boards may continue to meet virtually; Fed gov cool to only CU, bank issuance of stable coins; Controversial OCC designee faces confirmation hearing

(Nov. 19, 2021) Flexibility for board meetings originally extended to FCUs during the height of the coronavirus crisis will be extended in the new year, NCUA said this week. In...

Summary outlines new FCU CUSO rule

(Nov. 12, 2021) A summary of NCUA’s new rule on federal credit union service organizations (CUSOs) – adopted Oct. 21 by the NCUA Board on a 2-1 vote – has...

BRIEFLY: Tiny FCU conserved; Louisiana leader retires; OCC developing guidance on climate change risk; Exam Council revamps notification system

(Nov. 12, 2021) NCUA late last week placed the tiny Pomona Postal FCU of Pomona, Calif., into conservatorship, saying the credit union’s most recent call report shows it had 717...

Letter urges CUs to participate in tax assistance program

(Nov. 5, 2021) Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the...

NASCUS takes key role in DEI Summit

Participants in a first day’s panel at the NCUA DEI Summit this week were (from left) NASCUS’ Lucy Ito, CUNA’s Jim Nussle, and NAFCU’s B. Dan Berger. (Nov. 5, 2021)...

Coordination among regulators crucial on digital assets, letter argues

(Oct. 29, 2021) Coordination with state and other federal regulators on regulation of decentralized finance (DeFi) and other emerging uses of digital assets is crucial to avoid conflicting rules and...

NCUA charters another FCU – its 3rd – for 2021

(Oct. 29, 2021) A Texas credit union that expects to start operations by year’s end is the third to be chartered in 2021 by NCUA, the agency said this week....

At long last, joining 25 states, NCUA adopts ‘CAMELS’

(Oct. 22, 2021) An “S” for “market sensitivity” is now part of the NCUA exam rating system, thanks to a unanimous vote by the agency board at its Thursday meeting...

Congratulations to NCUA for joining states on ‘S’

(Oct. 22, 2021) NASCUS President and CEO Lucy Ito congratulated the NCUA Board for finalizing an “S” component (for market sensitivity) to the CAMEL rating system (making it now “CAMELS”)...