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Opportunity to Move Forward for Privacy Notice Bill

Mar
11

The U.S. House of Representatives may take action soon on H.R. 749, the Eliminate Privacy Notice Confusion Act.  The bill is scheduled for full House consideration on March 12.

Posted By Amy McLard read more

NCUA Regulation Review

Mar
11

The National Credit Union Administration (NCUA) has published its 2013 regulatory review list, which details the regulations the NCUA Board has scheduled to consider this year. NCUA reviews one-third of its regulations every year to update, clarify, simplify and eliminate unnecessary provisions. Parts 711 through 747 are up for review.

Posted By Sharon Bahr read more

Treasury Inflation Protected Securities (TIPS)

Mar
11

The National Credit Union Administration Board (NCUA) adopted a final rule that amends its investments rule to allow federal credit unions (FCU) to purchase Treasury Inflation Protected Securities (TIPS). Prior to this amendment to §703.14(a), NCUA did not permit FCUs to purchase TIPS. TIPS can be used to help FCUs manage inflation risks.

Posted By Sharon Bahr read more

FFIEC Social Media Guidance

Mar
11

The Federal Financial Institutions Examination Council (FFIEC), which includes the National Credit Union Administration (NCUA), issued proposed guidance titled “Social Media: Consumer Compliance Risk Management Guidance.” The proposed guidance addresses the applicability of federal consumer protection and compliance laws, regulations and policies to activities conducted via social media by credit unions and other federally regulated fin

Posted By Sharon Bahr read more

CFPB Updates - 3/11/2013

Mar
11

Here are the current Consumer Financial Protection Bureau updates as of March 11, 2013:

Posted By Sharon Bahr read more

FASB's Credit Losses Proposal Causes Concern

Mar
11

There is growing anxiety about the Financial Accounting Standards Board’s (FASB) proposal regarding financial reporting of expected credit losses on loans and other financial assets. The proposed model would utilize a single “expected loss” measurement for the recognition of credit losses; this would replace the multiple existing impairment models in U.S. generally accepted accounting principles (GAAP) that primarily use an “incurred loss” approach.

Posted By Sharon Bahr read more

Update on GAC Hill Meetings

Mar
11

By Bill Cheney, President & CEO, Credit Union National Association, Inc.

Posted By Sharon Bahr read more

How Willing Is Your Board to Engage Members About Political Issues?

Mar
08

By Bill Cheney, Credit Union National Association President

You might be surprised if you asked them—they just might be more willing than you think.

Posted By Sharon Bahr read more

CFPB's Cordray Scheduled for Nomination Hearing

Mar
08

More news on the “regulatory burden” front.  Consumer Financial Protection Bureau (CFPB) Director Richard Cordray gets the chance to make his best case for Senate approval as permanent director of the agency (for a five-year term) next Tuesday, March 12, 2013,  at a hearing before the Senate Banking Committee.

Posted By Sharon Bahr read more

Strong 4th Quarter Hints at What Further Regulatory Relief Could Mean

Mar
08

The National Credit Union Administration (NCUA) this week released impressive fourth quarter data for federally insured credit unions.  Earnings were up, credit unions added two million new members, lending grew in nearly every category.  All are a testament to credit unions’ conservative management principles and our growing member appeal.

Posted By Sharon Bahr read more

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