News stories tagged NCUA
Cyber security need underscored by pipeline hack, shortages
(May 14, 2021) If you were one of the unfortunate but countless number of folks sitting in line at the gas pumps this week – wondering “what can I do...
Opinion sets bounds for how share insurance applies
(May 14, 2021) Whether share insurance applies to a credit union share certificate purchased by a limited liability corporation (LLC) depends in part on who owns the funds and whether...
May 24 webinar set to explain capital investment program
(May 14, 2021) NCUA is encouraging credit unions to participate in a May 24 webinar explaining (and answering questions about) the U.S. Treasury’s Emergency Capital Investment Program (ECIP), which has...
Letter outlines concern over CUSO reporting requirements
(May 7, 2021) Possible, additional reporting requirements for state credit unions because of a proposed new rule on credit union service organizations (CUSOs) is a key concern outlined by the...
BRIEFLY: First new FCU of year chartered; will serve local Islamic community …
(May 7, 2021) A new federal credit union chartered late last month in Kendall Park, N.J., to serve a local Islamic community will offer its members non-interest-bearing consumer loans, among...
IN’s Fite named chair at SLC
(May 7, 2021) Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the FFIEC, the group said this week....
Action coming on interest capitalization, derivatives, NCUA chairman indicates
(April 23, 2021) While no new regulations were proposed or finalized, the NCUA Board did indicate at its meeting Thursday that final rules on two NASCUS-supported proposals – on capitalization...
Briefings look at cybersecurity, reg relief
(April 23, 2021) Meanwhile, the NCUA Board did hear two briefings during its Thursday meeting: on cybersecurity and on an interim final rule (IFR) it adopted late last week on...
UPDATED: Agency adopts rule extending reg relief due to savings surges
(April 16, 2021) In a development Friday morning, the NCUA Board announced it had adopted an interim final rule (IFR) by notation vote that reduces the earnings retention requirement for credit...
Agencies seek feedback on BSA/AML guidance
(April 16, 2021) NCUA and other federal agencies are seeking feedback on how well four-year-old guidance for complying with anti-money laundering and Bank Secrecy Act (AML/BSA) requirements is working for...
Summary looks at info request on use of AI
(April 16, 2021) A request for information (RFI) about how credit unions and banks use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting,...
BRIEFLY: New comms staffer at NCUA; Hiring of people of color up at agency; LIBOR legacy contract legislation advocated; Biden reportedly preparing order to assess climate change ‘financial risk’
(April 16, 2021) Samuel Schumach was tapped as deputy director for external affairs and communications at NCUA this week by agency board Chairman Todd Harper. Schumach previously served as legislative...