NCUA Boardroom.
Credit/NCUA
The NCUA Board members unanimously approved two proposed rules during their meeting Thursday. One proposed rule would incorporate its Second Chace Interpretive Ruling and Policy Statement and the Fair Hiring and Banking act into the agency's regulations. The other proposed rule aims to simplify the share insurance regulations by creating a "trust accounts" category.
Also thrown into the mix during Thursday's meeting was a cybersecurity update on the agency's relatively new Cyber Incident Reporting Rule that went into effect Sept. 1. And NCUA cybersecurity officials provided an update of what the data has revealed in the first 30 days.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
