Links in “Agencies”
- Payments Innovation Alliance Members Unite
The Payments Innovation Alliance will hold its first member meeting of 2015 on March 3-5 in California. Plans for the meeting include networking, discussion, debate, and education. [2/24/15]
- NCUA Wants Oversight of CU Vendors
NCUA Chair Debbie Matz says that obtaining regulatory oversight of credit union vendors is NCUAâs top legislative priority for 2015. Matz claims that in order to protect credit unions it needs examination and enforcement authority over third party vendors that do business with credit unions. [2/23/15]
- Februaryâs Line Up
The OCC released its February enforcement actions which show a more positive trend than Januaryâs roll out. [2/23/15]
- GAO Progress Report Rains & Shines on FEMA
The GAO issued its report on FEMA's efforts to implement Biggert-Waters Flood Insurance Reform Act and the amending Homeowner Flood Insurance Affordability Act (HFIAA). The report notes some successes, but also identifies challenges for FEMA for full implementation as a result of resource issues, the complexity of the legislation, and the need to balance the National Flood Insurance Program's (NFIP) financial solvency and affordability goals. [2/20/2015]
- CFPB Touts Credit Report Initiative Results
The CFPB announced its successful efforts with more than 50 million consumers now having free and regular access to consumer credit reporting scores and information through monthly credit card statements or online. The report also highlighted the need for more efforts to eliminate confusion. [2/20/2015]
- Brick & Mortar Branching Not Dead Yet
The FDIC's released study shows that the increase use of online and mobile banking continues, but that brick-and-mortar banking offices continue to be the primary choice for service delivery. The study notes a mere 4.8% decline in number of branch offices from the record high set in 2009. [2/20/2015]
- NCUA Board Meetings Go Transparent
The NCUA, as promised, completed its inaugural transparent livestreaming of its Boardâs open meeting. The live coverage was prompted by a request of NCUA Vice Chairman Rick Metsger and allows full access to the meeting. Approximately 130 "attendees" attended the meeting. More are expected. [2/20/2015]
- NCUA Doubles Down on Regulatory Relief
The NCUA Board approved a proposed rule (Part 791) to update the definition of a âsmall entityâ from $50 million to $100 million in an effort to alleviate regulatory burdens associated with rules such as interest rate risk, liquidity and risk-based capital as well as revising the examination process for approximately 77% of all NCUA insured CUs. [2/20/2015]
- Itâs Official, the NCUA is Clean
As part of the effort to provide transparency the NCUA has undergone an audit of its four permanent funds and has received clean audit opinions on all four for 2014. [2/19/15]
- February NCUA Report is Available
Some of the items discussed in the report are risk-based capital, the new privacy notice changes, and webinars for 2015. [2/19/15]
