Links in “Credit Unions”
- NCUA Issues Guidance on Investment Credit Ratings
Supervisory letter explains how examiners will evaluate whether a CU is compliant with a 2012 rule on credit ratings for investment products; 2012 rule requires that CUs use a narrative standard rather than using credit ratings to assess their investment risk. [6/21]
- New Loan Participation Rule Approved
At yesterdayâs board meeting, the NCUA Board approved a final rule on loan participations making some changes to the proposed rule, specifically the concentration limit for loan participations with the same seller has been increased to $5 million or 100% of net worth, whichever is greater. [6/21]
- Getting Enterprise Risk Off the Ground at Your Institution
Lessons from Orville and Wilbur Wright may help enterprise risk management fly at your institution. [6/21]
- Navigating Through Once-Feared Double Dip of Foreclosed Houses Returning to Market
Some states seek to expedite the process of getting foreclosed homes back on the market to avoid another housing price bubble forming. [6/21]
- CU Industry Digesting Impact of Approval of Loan Participation Rule
At yesterday's board meeting, NCUA approves amendments to Parts 701 and 741 â the loan participation rule, eligible obligations rule and requirements for insurance rule. [6/21]
- CFPB Still Reviewing Final Rule on Combined Mortgage Disclosures
Credit unions have been anxiously waiting for the last of the new mortgage rules to be issued; however, CFPB Director says that the Bureau is still reviewing industry comments about the effect that the combined TILA/RESPA disclosures will have on loan closings. [6/20]
- Should We Have a Two-Tiered Regulatory System?
Senator Elizabeth Warren, in a Senate Banking Committee hearing, suggested that a two-tiered regulatory system could be more equitable and ensure that smaller financial institutions are not overly burdened by regulations designed to address activities in large financial institutions. [6/20]
- The Truth about the Difference Between Guidance and Regulation
NCUA and other agencies like to issue guidance in the form of legal opinion letters, BSA Manuals, Letters to Credit Unions, etc. However, guidance is not law; hence, how should credit unions react when their regulatory agency issues guidance on a particular subject matter? [6/20]
- Payday Loan Crackdown: Be Careful What You Wish For
[Video] Unintended consequences of driving reputable lenders from this marketplace. [6/20]
- Controversial Final Rule on Loan Participations Added to NCUA Board Agenda
NCUA adds a final rule on loan participations to its June 20 agenda; proposed rule is controversial and credit union trade associations had urged the agency to withdraw it, but the agency seems intent with moving forward with further restrictions to CUs' ability to participate in loan participations. [6/19]
