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CU Times covers the NCUA, CUNA, NAFCU, CFPB as well as Congress to keep credit union executives up-to-date on regulatory and compliance changes coming out of Washington, D.C.
NASCUS recently announced that 12 state regulatory agencies received re-accreditation from NASCUS last year.
Small credit unions need a break from the heavy regulatory burden and the time may be ripe for "reg-lite" policies, Linda Jekel, the chairman of the National Association of Credit Union Supervisors, told Washington State executives last week.
The instances when a federal credit union can issue member business loans to CEOs, assistant chief executive officers, chief financial officers, and any "immediate family members" of these officials was recently clarified by NCUA.
NCUA recently announced that registration has opened for its Access Across America Summit scheduled for March 6 at the Sheraton Tampa Riverwalk Hotel in Tampa, Fla. To register for the free, one-day summit, credit unions should use the NCUA Web site (http://www.ncua.gov) or contact Nina Bullard at (703) 518-6318. The...
Congressman Nick J. Rahall (D-W.V.) recently announced that NCUA had awarded a credit union from his state a technical assistance grant from the Community Development Revolving Loan Fund.
NCUA Board Member Gigi Hyland announced that last week, the agency's Outreach Task Force that she chairs held its first meeting at NCUA's headquarters.
NAFCU has told the Federal Reserve that the group likes its idea of creating an exception for receipts on purchases under $15, but said the regulator could do more.
NCUA has added to its guidance for federal credit unions regarding their use of automated valuation methods to determine the value of real property for "junior" mortgages. The move was prompted by "several inquiries" regarding a prior legal opinion letter commenting on AVM.
NCUA released its latest version of the agency's brochure, Tips to Conduct Financial Transactions Over the Internet. The changes made provide updated information for conducting Internet transactions and related resource Web sites. The 13-page brochure covers how members can protect their privacy, how to ensure safe online transactions via encryption...
NCUA Board Member Gigi Hyland urged credit unions in Florida late last month to provide input to NCUA and other regulators, but also take their cues from members when looking at products and services.
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