Links in “NCUA”
- 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]
- State Wins Federal Charter Three-to-One
Credit unions are switching from federal to state chartered in a ratio of 3:1. NCUA's Vice Chairman calls for a reform of the federal charter to combat these numbers. [2/18/15]
- Metsger Says Modernizing FOM Rules Most Important Challenge for NCUA
NCUA Vice Chair Rick Metsger says that the most important issue that NCUA will need to address in the next couple of years is modernizing the rules governing fields of membership. He noted that federal regulations have not kept pace with state regulations in this area, which has widened the disparity between the federal and state charter. [2/18/15]
- Congress to Take Another Look at Supplemental Capital
A bill, the Capital Access for Small Businesses Act, has been reintroduced yesterday in the House. The bill would allow NCUA to permit credit unions to accept other forms of capital, but would not change the cooperative structure of credit unions. [2/17/15]
- NCUA Encourages Participation in America and Military Saves Week
NCUA is encouraging credit unions and their members to participate in a live Twitter chat on Thursday, February 26th at 11:00 A.M., and share their strategies for encouraging positive savings behavior. The conversation can be followed at @MyCUgov and participants can join in the dialogue by using the #NCUAChat Twitter hashtag. [2/13/15]
- NCUA Considering Increasing Small Credit Union Cap
Larry Fazio, director of examination and insurance for NCUA, told the Senate Banking Committee yesterday that the agency is looking at raising the cap for the definition of a small credit union from $50 million to $100 million, which could allow up to 77% of credit unions future regulatory relief. Fazio also urged Congress to give NCUA broader examination and enforcement authority over third party vendors. [2/11/15]
- NCUA Seeks to Offset Burden to Credit Unions
Larry Fazio of the NCUA explains the need for the NCUA to have authority to oversee third-party vendors in order to further reduce the regulatory burden to credit unions. [2/11/15]
- CFPB Not Planning to Prohibit ODP Fees
At a town hall meeting with NCUA Chair Debbie Matz, CFPB Director Richard Cordray said that they are not planning to prohibit ODP fees as part of a proposed rule about overdraft protection practices. Cordray added they are still looking at the data and comments in order to determine where further restrictions may be needed in order to protect consumers. [2/11/15]
