News stories tagged NCUA
… Sub debt reg tweaked to allow ECIP participation …
(Dec. 17, 2021) A final regulation tweaking the agency’s subordinated debt rule by amending the definition of “Grandfathered Secondary Capital” to include any secondary capital issued to U.S. government or...
Loan compensation, bank purchases on rule agenda
(Dec. 17, 2021) NCUA’s fall rule agenda was published late last week, along with other agencies (see item on CFPB), with 21 projects listed, 14 of them in “final rule...
… Mortgage servicing sales allowed to FCUs
(Dec. 17, 2021) Finally, the board also approved a change to its investment regulation to allow FCUs to purchase mortgage servicing rights (MSRs) from other federally insured credit unions (FICUs,...
NCUA taps 25-year veteran as new E&I director
(Dec. 17, 2021) Kelly Lay is the new top examination executive for NCUA, the agency said this week replacing the retiring top staffer at the start of the year. The...
NEW RULES: CCULR adopted with 9% threshold …
(Dec. 17, 2021) A final rule adopting an “off ramp” from risk-based capital (RBC) requirements for complex credit unions will take effect Jan. 1 after unanimous action by the NCUA...
NCUA BUDGET: Excess funds used to cut FCU operating fees
(Dec. 17, 2021) Meanwhile, the board also approved a $320.1 million operating budget that was $6 million less than that proposed. To reach that lower level, the agency also cut...
In turnaround, NCUA raises OTR, but not as much as proposed
(Dec. 17, 2021) An increased overhead transfer rate (OTR) for 2022, a final operating budget of $320 million for next year, and three final rules – on the complex credit...
Letter aims to clarify issuance of digital assets
(Dec. 17, 2021) To clarify existing authority about federally insured credit unions (FICUs) establishing relationships with third-party providers of digital asset services to their members, NCUA issued a letter to...
Alert reminds: Reg Z threshold adjustments take effect Jan. 1
(Dec. 3, 2021) A regulatory alert on Truth in Lending (Regulation Z) annual threshold adjustments for various loans – which take effect Jan. 1 — was issued this week by...
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....