In the News
NASCUS: Review of state biz loan rule highlights need for dialogue
(Sept. 24, 2021) In yet more action at its Thursday meeting, the NCUA Board approved a state member business lending rule in Oregon for exemption from NCUA’s revised member business...
7 new positions approved for NCUA after budget review
(Sept. 24, 2021) In other action Thursday, the NCUA Board: Approved “midsession budget review” action that will use a $15 million 2021 budget surplus (realized through savings on curtailed travel...
States hold slight edge in total savings, loans
(Sept. 24, 2021) Savings expanded at a slightly quicker pace at state-chartered credit unions than at federal credit unions in the first half of the year, while lending at federals...
States, FCUs split membership in CUAC
(Sept. 24, 2021) Four representatives of state-chartered credit unions are joining four representatives of federal credit unions as members of the CFPB’s Credit Union Advisory Council (CUAC), according to an...
AROUND THE STATES: In LA, living the CU mission
(Sept. 24, 2021) Credit unions have long prided themselves as the financial institutions that put consumer members and communities first – and responses to last month’s hurricane by a Louisiana...
Upcoming CURE, Exchange events bolster dual charter
(Sept. 24, 2021) Two key events from NASCUS aimed at supporting and building the credit union dual chartering system are coming up over the next several weeks, part of the...
BRIEFLY: Law professor picked to lead OCC; NCUA did not act aggressively enough on taxi CUs, GAO asserts; Cannabis-protection bill advances in House
(Sept. 24, 2021) Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term for Comptroller of the Currency, the White...
NCUA Board to consider proposal on subordinated debt, again
(Sept. 17, 2021) A proposed rule on subordinated debt will be on the agenda of the NCUA Board when it meets next week, according to an agenda published Thursday by...
Pilot seeks FCU input on pre-, post-exam requirements
(Sept. 17, 2021) Input from federal credit unions (FCUs) on NCUA’s pre-examination, reporting, and post-examination requirements will be collected through a survey pilot set to launch early next week and...
Agency makes $100k available for MDI mentoring grants
(Sept. 17, 2021) $100,000 is being made available for minority depository institution (MDI) mentoring grants to eligible credit unions, NCUA announced this week. The regulator said federally insured credit unions...
Bureau notes ‘regulatory flexibility’ in wake of disasters, emergencies
(Sept. 17, 2021) Existing laws and regulations provide credit unions, banks and other supervised entities regulatory flexibility to take certain actions that can benefit consumers in communities under stress from...
Online child sex abuse spurs new SAR instructions
(Sept. 17, 2021) Online child sexual exploitation (OCSE) crimes are on the rise, and the Treasury’s top enforcement unit is highlighting some financial trends related to the crimes, as well...