Regulatory & Compliance

Otsuka, the first Asian American NCUA board member, will serve a term ending Aug. 2, 2029.

The most important ones involve the power being wielded by the CFPB and other regulators.

The agency also green-lights the CLF budget and operating fee methodology changes, and requests OTR comments.

The NCUA chairman's remarks open a discussion around how to revise overdraft programs.

Branch 6000 CU, undercapitalized since 2020, was merged into Consumers FCU with cash assistance in Q3.

Credit union leaders are thankful this revision process is done, but there are questions left unanswered.

He says the NCUA has been in contact with affected CUs, but is limited by agency's lack of authority in this situation.

A closer look at four myths and realities of class-action lawsuits as it relates to credit unions of all sizes.