Links in “Proposals, Requests, & Comments”

30,000-foot level analysis of the NCUA's proposed rule on risk-based capital, as approved during its January board meeting. [1/31]

Debit cards, remittances and loans to the underbanked could be offerings available at your local post office, if an idea floated by the Office of the Inspector General to increase revenues is adopted. [1/28]

Yesterday, the NCUA Board approved a proposed rule that would require federally-insured credit unions with assets of more than $50 million to maintain risk-based capital ratios between 8.0% and 10.49% in order to be classified as well-capitalized. Most troubling are provisions that would assign a 250% risk-weight to investments in CUSOs and mortgage servicing assets. [1/24]

The NCUA Board will be considering a proposed rule on risk-based capital at its meeting next week.  NCUA Chair Debbie Matz says that the industry needs a flexible and forward-looking approach to net worth standards. [1/17]

CFPB gives two more weeks (2/28/2014) for commentary from interested persons. Extension also includes promotion of website for interactive commentary on new developments (www.regulationroom.org). [1/14]

NASCUS requests NCUA to refine capital and stress testing practices by increasing covered CUs from $10 to $50 billion (Navy FCU), treat results as confidential and allow state regulator involvement. [1/2]

Credit unions have until January 7^th to comment on a proposal issued by NACHA last month. The proposed rule change is designed to enable NACHA to better identify and enforce rules against “outlier” originators. The end result should be a reduction in the number of exception items. [12/30]

In this week’s edition of “The Cheney Report,” CUNA CEO Bill Cheney says that NCUA may be issuing a proposed rule on risk-based net worth requirements as early as January, 2014.  The agency has stated that replacing the existing one-size-fits-all approach with a risk-based approach will better protect credit unions and consumers from loss. [12/16]

CFPB breaks down the key differences between the proposal and the 1,888 final rule. [11/25]

Senate Finance Committee Chairman Max Baucus has released the draft of his tax bill that includes some good news and some bad news for credit unions. The good news is that the credit union tax exemption is not affected. The bad news is that the bill would require financial institutions to report all accounts that have no or nominal earnings during the tax year and would expand the scope of information that would need to be reported on IRS Form 1098 (for mortgage interest reporting).