User login

new

NCUA's Board Agenda for July Will Be Hefty

Jul
03

National Credit Union Administration's (NCUA) July Board meeting will have a weighty agenda, particularly compared to previous months such as June when there was no open board meeting.  NCUA has not released the official agenda yet (the agency is required by law to publish the agenda a week before the meeting). 

Share/Save
Posted By Sharon Bahr read more
Posted By Halley Hayden read more

NCUA Delays Advancement of Loan Participations* as well as CUSO Proposals

Jul
02

Following up on the positive development from the week June 18 regarding the delay of a new final rule on credit union service organizations (CUSOs), National Credit Union Administration (NCUA) Board Chairman Debbie Matz announced last week at a meeting of the Credit Union Association of the Dakotas that she is also postponing consideration of a final rule on loan participations.  W

Share/Save
Posted By Sharon Bahr read more

Interagency Mortgage Servicing Guidance Issued

Jun
30

The Federal Reserve Board (Fed) joined together with the Consumer Financial Protection Bureau (CFPB), NCUA, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency to issue guidance relating to certain mortgage servicing practices.  Specifically, the guidance addresses risks related to military homeowners who have informed their loan servicer that they have received Permanent Change of Station (PCS) orders and who might seek assistance with their mortgage loans.

Share/Save
Posted By Sharon Bahr read more

Information from NCUA on Fair Lending Examinations

Jun
29

Recently, CUNA Regulatory Advocacy staff had an opportunity to talk with National Credit Union's (NCUA) Kent Buckham and Moisette Sweat, top personnel in the agency’s Office of Consumer Protection (OCP), about fair lending examinations. 

Questions/Answers on Fair Lending

Share/Save
Posted By Sharon Bahr read more

NCUA Letter to Credit Union on Transition of ACH Services

Jun
29

The National Credit Union Administration (NCUA) issued a letter to credit unions to provide an update on the transition of US Central Bridge Corporate’s ACH services.  All other correspondent services offered by US Central Bridge have already been wound down, according to the letter.  The letter f

Share/Save
Posted By Sharon Bahr read more

Bank Regulators Issue Proposed Capital Rules

Jun
28

The Fed, OCC, and the FDIC have issued three notices of proposed rulemaking, to revise and replace the agencies' current capital rules.  The first two proposed capital rules would apply to all banks and savings associations, bank holding companies with more than $500 million in assets, and savings and loan holding companies in the U.S.  One of the proposals would revise risk-based and leverage capital requirements consistent with Basel III agreements; a second proposal would revise the

Share/Save
Posted By Sharon Bahr read more

CUNA Comments to CFPB and OMB

Jun
27

The Credit Union National Association (CUNA) submitted a comment letter last week to the Consumer Financial (CFPB) and the Office of Management and Budget (OMB) on the CFPB’s plans to collect information on compliance costs and other effects of its potential new regulations, including those required under the D

Share/Save
Posted By Sharon Bahr read more

Texas Bank Plans to File Lawsuit - CFPB

Jun
26

A Texas community bank, The State National Bank of Big Spring, has announced it plans to file a lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB).  The Competitive Enterprise Institute and the 60 Plus Association are reportedly joining the bank as co-plaintiffs.  In its press release, the bank stated that the lawsuit was to be file

Share/Save
Posted By Sharon Bahr read more

No CUs in CFPB Consumer Complaint Database

Jun
25

​On June 12, the Credit Union National Association (​CUNA) was briefed by the Consumer Financial Protection Bureau (CFPB) staff at the agency’s headquarters in Washington regarding the Consumer Complaint Database on credit card issues, which became available to the public.  As of now, the database does no

Share/Save
Posted By Sharon Bahr read more

Pages

Subscribe to RSS - new