Links in “NCUA”
- NCUA Issues Regulatory Alerts on New Mortgage Servicing Rules
NCUA releases two regulatory alerts providing an overview of new mortgage servicing rules under Reg. X (RESPA) and Reg. Z (TILA). [1/15]
- NCUA Issues Reg Alert on RESPA Servicing Rules
Regulatory Alert No. 14-RA-04 provides further guidance for compliance with RESPAâs mortgage servicing rules. The Q&A format addresses force-placed insurance, error resolution and information requests, servicing policies and procedures, early intervention with delinquent borrowers, and loss mitigation. [1/14]
- NCUA Exam Priorities for 2014
NCUA Chair Debbie Matz identifies cyber security threats, interest rate risk, private student loans, and money services business as top examination concerns for 2014. [1/13]
- Interest Rate Risk Among Top Areas of NCUA Focus for 2014
Other areas the agency announces it will focus on in 2014 include cybersecurity threats, money services businesses, and private student lending. [1/13]
- NCUAâs OIG Points Finger at Board and Supervisory Committee for Embezzlement and Fraud at G.I.C. FCU
In a report issued by NCUAâs Office of Inspector General, the Board of Directors and supervisory committee members, along with NCUA examiners, have been taken to task for the failure to supervise, exercise responsibilities, and complete audits for three consecutive years. These factors led to a charge of embezzlement for $2 million against the former assistant manager and an estimated $7 million loss to the NCUSIF as a result of the failure of the $15 million G.I.C. FCU in Cleveland. [1/10]
- NCUA on QM and Non-QM Loans
Supervisory letter states that emphasis in the field will be safety and soundness, not solely on the basis of whether a loan's status is Qualified Mortgage or not. [1/10]
- McWatters Nomination Sent to Senate
The Senate Banking Committee will now begin vetting the nomination of Mark McWatters to the NCUA Board. This is a preliminary step to a confirmation vote by the full Senate. [1/9]
- NCUA Townhall Meeting with CFPB
The 2/12/14 NCUA meeting will feature CFPB Director Cordray with emphasized discussion on changes in consumer protection regulations. Participants can submit questions in advance to WebinarQuestions@NCUA.gov using the subject matter line, NCUA-CFPB Town Hall or pose questions during the meeting by using the chat function. [1/9]
- NCUA Offers New Share Insurance Estimator and Free Webinar on Examination Modernization
The redesigned share insurance calculation tool that offers expanded content is now available at MyCreditUnion.gov. NCUA is sponsoring a free webinar on the changes to its examination process on January 22nd at 2:00 pm EST. [1/8]
- NCUA Issues Regulatory Alert on Homeownership Counseling and HOEPA Loans
NCUA has issued Regulatory Alert 14-RA-02 to provide information and guidance regarding the new homeownership counseling requirements for both open-end and closed-end mortgage loans and on changes to the scope of loans that are subject to the requirements for HOEPA loans. [1/8]
