Links in “NCUA”

NCUA announced yesterday that it will remove the online risk based calculator on May 28^th, which is the closing date for comments to the proposed Risk Based Capital Rule.  CUNA had urged NCUA to take this action due to concerns that the calculator was also available to the general public who might not understand how to use the calculator properly or understand the results. [4/4]

The NCUA and other regulatory agencies recently issued new guidance on what institutions can do to combat the increasing risk of security attacks on ATMs and other card authorization systems. This guidance contains new cyber security standards that institutions are expected to meet. [4/3]

The free webinar will be held on Wednesday, April 11^th at 2:00 EST and will focus on alternative payday lending.  Representatives from the NCUA and two credit unions will discuss the benefits, as well as the costs, of offering these short-term loans. [4/2]

Many credit unions say “no,” but this is the percentage that raises the red flag for examiners. John Welch, NCUA’s chief economist, claims that NCUA doesn’t supervise to a single, arbitrary number, but a credit union with 35% or more of its assets in long-term loans and investments is above the 75^th percentile for the industry. [4/2]

Campaign for the April month-long focus on increasing financial literacy will include outreach efforts with national and local organizations to promote planned events and efforts to increase knowledge. CRA-related FIs could outreach to CUs to magnify efforts and gain Community Development Services benefits. [3/27]

NCUA will be hosting "listening sessions" with NCUA Chairman Debbie Matz and Board Member Rick Metsger this summer. Here's a chance for your credit union to have your say. [3/26]

NCUA confirmed to CUNA that member business lending is on the review calendar for this year—after CUNA issued a letter on the subject. Matz says that NCUA has been "carefully studying the current rule," and NCUA will come to a consensus as to possible changes. [3/25]

Chairman Debbie Matz reveals the NCUA's plan to enforce minimum requirements for appraisal management companies in order to improve the quality of appraisals. Matz noted that this would help minimize a "regulatory blind spot." [3/21]

Key items include update on enhanced position of Stabilization Fund and approval of joint agency proposed rule on minimum requirements for appraisal management companies. NCUA, however,  notes weakened position on examining vendors due to lack of authority. Chairman Matz calls for such authority from Congress to expand capacity. [3/21]

Open registration for 4/3/2014 webinar aimed at aiding credit unions in promoting financial literacy. Key topics include link between financial literacy and the credit union, resources, tips on literacy program building and new financial literacy pilot research program effort. [3/21]