News Topic: NCUA

The credit union regulator's November board meeting covered a variety of issues, including the voluntary self-assessment, disagreements on the budget proposal and the possibility of new insurance premiums in 2021. ... Read full article

Markland, the former CEO of Affinity Plus FCU in Minnesota, takes the helm 17 months after the New York-based institution entered conservatorship. ... Read full article

The Iowa Republican followed one term in the Senate with six years as chairman of the credit union regulator. ... Read full article

Credit unions will have their first opportunity to hear from the federal regulator about its recently released budget proposal and also get an update on the agency's diversity self-assessment. ... Read full article

Savings to the credit union regulator's operating budget are largely the result of surplus funds from 2020 and expected reductions in travel into next year. ... Read full article

Bill Bynum, president and CEO of Hope Federal Credit Union, and Gail Laster, former director of the National Credit Union Administration's consumer-protection division, are working with the incoming administration. ... Read full article

The chairman of the National Credit Union Administration said during his limited time in a Senate Banking Committee hearing that he hoped changes to the agency's Central Liquidity Facility would last for the duration of the pandemic. ... Read full article

The industry is calling for lawmakers to extend changes to NCUA's Central Liquidity Facility and more before Congress adjourns. ... Read full article

With a Democrat set to take the White House in January, the political balance at NCUA could shift amid changes for the CFPB and housing reform, and progressive banking ideas that were unthinkable over the past four years could gain traction. ... Read full article

The Pittsburgh-based institution can now serve more than a dozen municipalities in the Keystone State. ... Read full article

A look at how credit unions and the industry at large have intersected with the 2020 election. ... Read full article

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

The National Credit Union Administration issued a prohibition order against a former employee of Members Exchange Credit Union in Mississippi. ... Read full article

The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law. ... Read full article

The rule, which will go up for a 60-day comment period, codifies existing NCUA policies and is not expected to change how the agency operates. ... Read full article

The industry called for modifications to the regulator's phase-in proposal on the new credit loss standard while acknowledging the broader changes it wants are up to the Financial Accounting Standards Board. ... Read full article

A recently introduced bill concerning the Paycheck Protection Program loans could hint at what lawmakers will focus on when the House and Senate reconvene next month. ... Read full article

The credit union regulator will meet for a second time this month when the board holds an open meeting on Wednesday. ... Read full article