Links in “NCUA”
- NCUA Takes Charge Against Morgan Stanley
Case against Morgan Stanley over faulty Mortgage Back Securities held by two now-defunct credit unions will be worth monitoring. NCUA has already proved successful in past cases and has other cases pending. [9/3]
- NCUA Issues Prohibition Orders Against 7 Individuals
Agency names seven individuals prohibited from participating in the affairs of any federally insured financial institution. [8/30]
- NCUA Opens Purse Strings to Low-Income CUs
Grants given to 126 low-income CUs totaling $871,597 to "expand services and provide the capital that is the lifeblood of local economies." Average grant: $7,000. [8/29]
- Former NCUA Chair to Present Webinar on Meeting Rising Compliance Challenges
Webinar to include presentations from former NCUA chairman Dennis Dollar on the upcoming risk-based capital proposal, as well as presentations on upcoming significant rule changes and options for compliance for credit unions with limited resources; webinar is free. [8/28]
- NCUA Wins Favorable Ruling in Investment Lawsuit
A U.S. Circuit Court has handed NCUA a victory in its suit against several Wall Street banks for toxic securities they sold to U.S. Central and other corporate credit unions; the appeal, which hinged on an interpretation of a federal statute of limitation clause, clears the way for NCUA to proceed in its lawsuits that allege violations of federal and state securities law. [8/28]
- NCUA Reports 23 Mergers in July
Credit unions continue to escalate; NCUA reports that most of the mergers were sought for the opportunity to expand services to new members. [8/28]
- And Then There Were Three
NCUA Board is now back to three board members; Rick Metsger, who took the oath of office on Friday, was quoted as saying that he views the most important aspect of his new position as protecting the Share Insurance Fund. [8/26]
- NCUA Report for August Issued
Topics on Regional Realignment, Interest Rate Risk, Capital Requirement and July Actions of NCUA among topics presented. [8/23]
- NCUA Announces MBL Webinars for Small Credit Unions
NCUA will be hosting two free webinars designed to educate small credit unions about the benefits of offering small member business loans; registration on the NCUA website is open now for the Sept. 17 and 25 events. [8/22]
- NCUA Seeks Comments on Appraisals and FHA Anti-Redlining
A reinstatement request with modification, but has underlying tone of importance of ensuring analysis of CU's appraisals and impact on Fair Lending. Comment period of 60 days. [8/19]
