News Topic: NCUA

Accommodations for borrowers affected by the coronavirus pandemic, such as payment delays and fee waivers, are "positive and proactive actions that can manage or mitigate adverse impacts," the regulators said. ... Read full article

The Ohio Democrat argued that the public wouldn't be able to meaningfully provide feedback on rules given the stressful circumstances related to the outbreak. ... Read full article

The banking lobby asserts that the NCUA's field-of-membership rule goes beyond the agency's legal mandate. ... Read full article

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners. ... Read full article

Sen. Mark Warner led a group of Democratic senators in calling on bank, credit union and GSE regulators to give detailed instructions on helping consumer and commercial borrowers hurt by the COVID-19 outbreak. ... Read full article

Elizabeth Duke and James Quigley step down from board; the bank is asking corporations to divulge their exposure and preparations as part of risk assessment. ... Read full article

The debate centers on whether guidance on credit union-bank mergers is necessary. ... Read full article

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity. ... Read full article

The credit union regulator's portfolio sale dashed the hopes of a group of New York taxi drivers looking for relief. ... Read full article

$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year. ... Read full article

The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks. ... Read full article

The benefits include improved financial inclusion, the chairman of the NCUA argues. ... Read full article

Bankers may not want to hear this, but communities benefit when credit unions buy banks. ... Read full article

Two major banking organizations objected to a proposal by the agency that would expand the pool of investors in subordinated debt issued by credit unions. They fear it could provide credit unions more financing to buy banks. ... Read full article

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards. ... Read full article

The National Credit Union Administration plans to unveil new capital proposals on Thursday. It's a given that bankers won't like them, but credit unions could also find themselves disappointed. ... Read full article

Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y., would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds ... Read full article

Lawmakers advanced legislation that would require banking regulators to give annual testimony to lawmakers and would mandate regular reports on cybersecurity efforts. ... Read full article