NCUA quietly approves supervisory guidance rule


The agency used a notation vote to advance the final measure, the third time it has used that method in a month.


10 ways coronavirus upended credit union industry in 2020


From dealing with a flood of deposits to working with examiners virtually, credit unions were forced to quickly adapt to a new normal after the pandemic hit. Here's a look at some of the biggest changes and challenges they faced.


NCUA names new director of examination and insurance


Myra Toeppe, who had been serving as acting director since January, will take on that role permanently.


NCUA employees will have choice to continue working virtually


The credit union regulator has no immediate plans to bring staff and examiners back into the office, but Chairman Rodney Hood said staying remote would remain an option for all staff members during Phase 1 of any return.


Countering OCC, states announce streamlined payments exams


With the Office of the Comptroller of the Currency considering a special charter for payments firms, a state regulator group said large money transmitters can opt for the “one company, one exam” program next year.


Industry groups call on NCUA to refine virtual examination process


With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity.


Week ahead: Credit union events to stay digital well into 2021


Industry groups are also pushing the federal regulator to improve how off-site examinations are conducted.