News stories tagged NCUA

A five-member NCUA Board? Maybe; Harper outlines up, downsides in hearing

(Oct. 1, 2021) While not outright supporting the idea of an expanded NCUA Board membership, the chairman of the current board noted that there are some upsides to the idea...

Expiring homeowner protections outlined in letter

(Oct. 1, 2021) “Critical information” for compliance with expiring pandemic-era protection programs for homeowners are addressed in a letter to credit unions from NCUA this week. The letter (LTCU 21-CU-09),...

3rd party exam authority, climate change addressed

(Oct. 1, 2021) Other key moments of the Harper nomination hearing included: Harper again endorsed third-party vendor exam authority for NCUA (which would require a statutory change). “Bank regulators have...

Take a breather: More time to comment on digital assets

(Oct. 1, 2021) More time – 30 days – is allowed for comments on NCUA’s request for information (RFI) about the impact of activities connected to digital assets and related...

BRIEFLY: Law professor picked to lead OCC; NCUA did not act aggressively enough on taxi CUs, GAO asserts; Cannabis-protection bill advances in House

(Sept. 24, 2021) Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term for Comptroller of the Currency, the White...

NASCUS: Review of state biz loan rule highlights need for dialogue

(Sept. 24, 2021) In yet more action at its Thursday meeting, the NCUA Board approved a state member business lending rule in Oregon for exemption from NCUA’s revised member business...

Ito acknowledges changes needed to sub debt rule

(Sept. 24, 2021) NASCUS President and CEO Lucy Ito agreed with the NCUA Board for proposing the secondary capital changes to the subordinated debt rule scheduled to take effect at the...

Proposal gives LICUs more room on sub debt

(Sept. 24, 2021) A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule...

Board agrees to consider finalizing three rules

(Sept. 24, 2021) Earlier in the meeting, the NCUA Board voted – 2-1, with Harper the “no” vote – to act on three outstanding proposed rules over the span of...

States hold slight edge in total savings, loans

(Sept. 24, 2021) Savings expanded at a slightly quicker pace at state-chartered credit unions than at federal credit unions in the first half of the year, while lending at federals...

7 new positions approved for NCUA after budget review

(Sept. 24, 2021) In other action Thursday, the NCUA Board: Approved “midsession budget review” action that will use a $15 million 2021 budget surplus (realized through savings on curtailed travel...

Pilot seeks FCU input on pre-, post-exam requirements

(Sept. 17, 2021) Input from federal credit unions (FCUs) on NCUA’s pre-examination, reporting, and post-examination requirements will be collected through a survey pilot set to launch early next week and...