Links in “NCUA”

The NCUA’s payday alternative loans regulation has been amended to replace all references to “short-term, small amount loans” and “STS loans” with “payday alternative loans” and “PAL loans.” [10/6/14]

For the 10-year period between 2002 and 2012, the OCC issued 157 appeal decisions, the FDIC issued 63, and the Federal Reserve Board issued 25, while the NCUA’s Supervisory Review Committee issued only six and sided with the examiners in all six cases. The professor who authored this recent study believes that the low number of appeals indicate that the NCUA appeals process is likely less understood and less functional than the process in place at other agencies. Or maybe credit unions just don’t feel that, given the track record, there is any point. [10/2/14]

According to former NCUA Chair Dennis Dollar, NCUA’s decision to issue a revised risk-based capital rule proposal indicates that the agency is indeed going to make significant revisions to the current proposed rule and that it was the right move to help ensure that the final rule addresses the safety and soundness concerns of both the industry and the regulator. [10/2/14]

Solid second quarter results may be overshadowed by concern over rising interest rates and credit unions’ ability to adequately address interest rate risk. [10/2/14]

The NCUA has resources for credit unions to use as we move into a new interest rate risk environment due to the strengthening economy. Don't let the new terrain trip you up! [10/2/14]

Republic Hose Employees FCU of Youngstown, Ohio, has been liquidated by the NCUA. The CU had 455 members and assets of $581,487. [10/1/14]

The NCUA has issued prohibition orders for three individuals who are now banned from employment at federally insured financial institutions. The full list of prohibition orders can be searched by name and institution here. [10/1/14]

Although she was once adamant that the proposed risk-based capital rule did not need a second comment period, NCUA Board Chairman Debbie Matz says she "now believe[s] it is prudent under the APA to ask for additional comments." [9/30/14]

The NCUA has proposed that the revised risk-based capital rule be allowed to a new comment period due to its significant revisions. [9/30/14]

NCUA Chair Debbie Matz, in response to a letter from Rep. George Holding, said that she is "fully committed to making changes and clarifications to the proposed rule, where warranted." Holding also questioned the NCUA's authority to make such a rule; others are vying for a second comment period. Where do you stand? [9/26/14]