News Topic: NCUA

Harper, a Democrat, had long been expected to be promoted to the chairmanship under a Biden administration, but he could face an uphill climb moving his priorities forward. ... Read full article

Under a proposed rule change, credit unions would no longer need to seek pre-approval from the regulator before entering into interest rate swaps, speeding up transactions for some of the industry’s biggest institutions that already hold over 80% of total ... Read full article

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

President-elect Joe Biden is scheduled to take the oath of office on Wednesday, but other changes that pertain to credit unions are also happening. ... Read full article

Cybersecurity remains a priority along with CARES Act compliance, flexibility for borrowers impacted by the pandemic and more. ... Read full article

In placing the $6.6 million-asset institution in conservatorship, the regulator has taken charge of two credit unions in just the first two weeks of the year. ... Read full article

The National Credit Union Administration and the Consumer Financial Protection Bureau will hold strategy sessions and share information tied to consumer protections at institutions with more than $10 billion of assets. ... Read full article

In a party-line vote, the agency issued a proposal that would redefine a "complex" credit union. ... Read full article

Industry groups say the coronavirus has highlighted additional risks faced by institutions without a diverse member base. ... Read full article

The agency will once again tackle one of its most controversial subjects when it meets on Jan. 14 for an ambitious agenda on what could be Rodney Hood's final meeting as chairman. ... Read full article

In a letter to credit unions, NCUA urged federally chartered shops to expand their fields of membership to underserved areas, regardless of geography, in order to boost financial inclusion in the wake of the pandemic. ... Read full article

CO Federal Credit Union, which has $4.5 million in assets and serves just 785 members, was conserved due to unsafe and unsound practices, the regulator said. ... Read full article

The panel unanimously approved the measure by a notation vote, its second such move in weeks, and the proposal will now be subject to a comment period. ... Read full article

In December, the National Credit Union Administration barred the individuals from working in the financial services sector for taking money from their institutions for personal use. ... Read full article

The National Credit Union Administration juggled several challenges this year beyond the pandemic recession, including an inspector general's report about alleged misconduct by two former employees and criticism that board members had lost their old ... Read full article

Provisions implemented under the CARES Act that made it easier for institutions to utilize NCUA's Central Liquidity Facility have been extended for a year with the signing of Consolidated Appropriations Act. ... Read full article

A look back at a year in which little went according to plan for credit unions. ... Read full article

Under the terms of the rule, NCUA could exempt credit unions from some Bank Secrecy Act requirements on a case-by-case basis, provided there are no safety or soundness concerns. ... Read full article