In the News
Sub debt amendment OK, but other changes needed
(Oct. 29, 2021) Now is the time to consider additional changes to the new subordinated debt rule – rather than adopt just one change to the rule — to ensure...
Federal crypto-asset oversight on horizon?
(Oct. 29, 2021) A series of policy statements on crypto assets activities by banks is forthcoming from federal banking regulators, the chairman of the FDIC Board said this week, as...
New leader cites triad of key goals for CFPB
(Oct. 29, 2021) Stimulating greater competition in consumer financial markets, sharpening focus on repeat offenders, and restoring “relationship banking” make up the “path forward” for CFPB, its director told a...
Reminder: Use 2020 Census data for 2022 HMDA reporting
(Oct. 29, 2021) Credit unions, banks and other lenders should use census tract information provided in the 2020 Census for mortgage-related data collected beginning next year, CFPB said this week....
Webinar reveals power of CU Campus 365
(Oct. 29, 2021) A webinar demonstrating the power of the CU Campus 365 program – presented in partnership by NASCUS and the Bank Administration Institute (BAI) – will be offered...
NCUA charters another FCU – its 3rd – for 2021
(Oct. 29, 2021) A Texas credit union that expects to start operations by year’s end is the third to be chartered in 2021 by NCUA, the agency said this week....
Agency board members to lead DEI sessions
(Oct. 29, 2021) Each of three town halls will be led by a member of the NCUA Board at its diversity, equity and inclusion (DEI) conference set for three days...
BRIEFLY: No surprises on NCUA 2022 meeting calendar; CU Advisory Chairman named ‘most admired CEO;’ Applications for job openings in OR extended; Congrats to NY success on biz loan program, state deposits… and to national success on blocking IRS reporting provision
(Oct. 29, 2021) NCUA Board meetings in 2022 will be – again – on Thursdays, beginning at 10 a.m. ET, and skipping an August meeting, the agency said in a...
At long last, joining 25 states, NCUA adopts ‘CAMELS’
(Oct. 22, 2021) An “S” for “market sensitivity” is now part of the NCUA exam rating system, thanks to a unanimous vote by the agency board at its Thursday meeting...
Congratulations to NCUA for joining states on ‘S’
(Oct. 22, 2021) NASCUS President and CEO Lucy Ito congratulated the NCUA Board for finalizing an “S” component (for market sensitivity) to the CAMEL rating system (making it now “CAMELS”)...
CUSO rule expanding powers adopted – yet again by 2-1
(Oct. 22, 2021) In yet another split decision over the issue, a final rule giving CUSOs the power to originate any type of loan an FCU may originate – and...
New security systems just in time for rising cyber threats
(Oct. 22, 2021) Ransonware risks and threats to credit unions and other financial institutions are rising considerably, the NCUA Board was told Thursday, noting that the method now accounts for...