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NCUA Board Addresses Dodd-Frank Act and More

Mar
16
NCUA Board Addresses Dodd-Frank Act and More

The National Credit Union Administration (NCUA) Board met briefly on March 15 to address the agency’s plan to implement requirements under the Dodd-Frank Act and a presidential order to federal agencies regarding diversity within NCUA’s workforce, an update on the National Credit Union Share Insurance Fund and a final rule that made some very minor changes to three NCUA rules.

Posted By Halley Hayden read more

NCUA/CFPB Town Hall Meeting Summary

Feb
13
NCUA/CFPB Town Hall Meeting Summary

On February 8, the CFPB held a joint Town Hall Meeting with NCUA, which was webcast. NCUA will not be archiving it for several weeks, so we wanted to provide a short summary.

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CU Leaders Testify on Exam Fairness

Feb
02
CU Leaders Testify on Exam Fairness

On February 1, Ken Watts, President and CEO of the West Virginia Credit Union League, testified on behalf of CUNA before the House Financial Institutions Subcommittee on H.R. 3461, the Financial Institutions Examination Fairness and Reform Act. NCUA Executive Director Dave Marquis and JetStream Federal Credit Union CEO Jeanne Kucey also testified, along with representatives from the Federal banking regulators and other banking trade associations.

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NCUA Board Meeting Summary

Jan
27
NCUA Board Meeting Summary

 

The National Credit Union Administration (NCUA) Board issued a proposal on troubled debt restructurings (TDRs) and loan modifications, adopted a final rule on interest rate risk (IRR) and released an advance notice of proposed rulemaking on derivatives during its meeting on January 26.

Posted By Halley Hayden read more

Update on NCUA's Loan Participation Proposal

Jan
18
Update on NCUA's Loan Participation Proposal

A proposal was issued for comments at the National Credit Union Administration's (NCUA's) board meeting in December that would impose concentration limits on credit unions purchasing loan participations.

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GAO Report Issued Early

Jan
09
GAO Report Issued Early

 

A report from the U.S. Government Accountability Office (GAO) on corporate credit unions and how the National Credit Union Administration (NCUA) addressed the crisis was issued two days ahead of schedule on January 4.  Titled, “Earlier Actions Are Needed to Better Address Troubled Credit Unions,” the report examines the collapse of several corporate credit unions and the NCUA’s response.

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Proposed NCUA CLF Changes: Credit Union Input Requested

Jan
09
Proposed NCUA CLF Changes: Credit Union Input Requested

The National Credit Union Administration (NCUA) is preparing to unveil several significant changes to the Central Liquidity Facility (CLF).  These changes will have an impact on both natural person and corporate credit unions.    

NCUA will issue FAQs later this month that describe the changes contemplated for CLF, as a result of the demise of US Central.

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NCUA Proposed Rule to Amend its RegFlex Program

Jan
07
NCUA Proposed Rule to Amend its RegFlex Program

Although it is the CFPB that has over 15 proposals and interim finals rules currently out for comment, we wanted to make sure you are also aware of the NCUA's RegFlex proposal. At its December meeting, the NCUA Board approved a proposed rule that would effectively eliminate the agency's Regulatory Flexibility program.

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Emergency Liquidity Subject of NCUA Request for Comments

Dec
22
Emergency Liquidity Subject of NCUA Request for Comments

The National Credit Union Administration Board (NCUA) has issued an advance notice of proposed rulemaking (ANPR) regarding how credit unions should maintain access to emergency liquidity.  Specifically, NCUA is seeking comments on the scope and requirements of a potential new regulation to require all federally-insured credit unions to have access to backup federal liquidity sources in times of financial

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NCUA Proposed Rule on Loan Participation

Dec
19
NCUA Proposed Rule on Loan Participation

The NCUA Board issued a proposed rule on loan participations, a separate proposal on RegFlex, an Advance Notice of Proposed Rulemaking on emergency liquidity and adopted final technical changes to its corporate credit union rule during its December 15 board meeting. The Board also addressed other issues, including approval of its 2011-2014 Strategic Plan, its 2012 annual performance budget, and an update on the National Credit Union Share Insurance Fund. For a complete summary, click here.

Posted By Halley Hayden read more

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