User login

new

What Will the Departure of Gigi Hyland and Dave Marquis Mean for NCUA and Credit Unions?

Oct
05
What Will the Departure of Gigi Hyland and Dave Marquis Mean for NCUA and Credit Unions?

By:  Bill Cheney, President/CEO of Credit Union National Association

We have gotten this question repeatedly in the last few days. While it is a good and fair inquiry, no one can say for certain whether things will be better or worse with the departure of these NCUA officials, but they will be different.

Posted By Sharon Bahr read more

CFBP Mortgage Servicing Proposal Concerns

Oct
02
CFBP Mortgage Servicing Proposal Concerns

Credit Union National Association (CUNA) staff continue to draft comment letters to the Consumer Financial Protection Bureau (CFPB) concerning the proposed mortgage servicing rules that will amend Regulation Z and Regulation X.  Below are a few items contained within the proposals that may be of heightened concern for credit unions:

Posted By Sharon Bahr read more

FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

Oct
02
FASB Proposal on Interest Rate Risk & Liquidity Risk Disclosures

A comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the Financial Accounting Standards Board (FASB) opposing its proposal that would require reporting entities, including credit unions and other financial institutions, to disclose information regarding their exposure to liquidity risk and interest rate risk.  In ligh

Posted By Sharon Bahr read more

NCUA National Supervisory Policy Manual

Oct
02
NCUA National Supervisory Policy Manual

The National Credit Union Administration (NCUA) will likely release significant portions of the Supervisory Policy Manual next month, according to reliable sources at NCUA. This is not an examiners’ guide but rather a catalogue of the agency’s supervisory policies.

Posted By Sharon Bahr read more

Comment to NACHA on ACH Technical Changes

Oct
02
Comment to NACHA on ACH Technical Changes

A comment letter was filed by the Missouri Credit Union Association (MCUA)  and the Credit Union National Association (CUNA) to NACHA – The Electronic Payments Association – regarding their compliance and operational topics proposal.  CUNA generally supports the proposal to clarify the meaning or

Posted By Sharon Bahr read more

Maintaining Access to Emergency Liquidity

Oct
02
Maintaining Access to Emergency Liquidity

Another comment letter was filed by the Missouri Credit Union Association (MCUA) and the Credit Union National Association (CUNA) with the National Credit Union Administration (NCUA) regarding proposed changes to emergency liquidity from the Central Liquidity Facility (CLF).

Posted By Sharon Bahr read more

NCUA Proposal On Troubled Condition Designation for State CUs

Oct
01
NCUA Proposal On Troubled Condition Designation for State CUs

The Credit Union National Association (CUNA) feels the National Credit Union Administration's (NCUA) proposal that would allow it to designate a state credit union as a CAMEL 4 or 5, and in “troubled condition”  even if the state regulator does not agree is ill-conceived, unjustified and will not significantly further any material safety and soundness goals. That is what CUNA's letter filed on September 28, 2012 said. 

Posted By Sharon Bahr read more

CFPB Study and Remittance Transfers Update

Oct
01
CFPB Study and Remittance Transfers Update

Consumer Financial Protection Bureau Study Finds Credit Scores Used by Consumers and Lenders Can Differ

On September 25, 2012, the Consumer Financial Protection Bureau (CFPB) released a study comparing credit scores sold to creditors and those sold to consumers. The study found that about one out of five consumers would likely receive a meaningfully different score than would a lender. The study determined the following:

Posted By Sharon Bahr read more

Statewide Advocacy Training: Elections and Beyond

Sep
28
Statewide Advocacy Training: Elections and Beyond

The November election is just a few weeks away, but there’s still time for credit unions to make an impact.  The Missouri Credit Union Association has scheduled advocacy training sessions across the state that is designed for all credit union leaders - both trained and new Advocacy Corps members.   

Learn about the key races in your specific region, what you can do in the final countdown to elections, and the advocacy role you play moving forward once candidates are elected.  Here are the details for each advocacy training session.

Posted By Amy McLard read more

Review Policies for Re-Ordering Debit Transactions

Sep
28
Review Policies for Re-Ordering Debit Transactions

By: Brad Mundine of CUNA Mutual Group

Posted By Sharon Bahr read more

Pages

Subscribe to RSS - new