In September the National Credit Union Administration issued new guidance on its updated interest rate risk supervisory framework. Interest rate risk is the risk to a financial institution that its interest-earning assets, such as loans [...]
The U.S. Supreme Court’s recent administrative law decision in West Virginia v. Environmental Protection Agency may have sent shockwaves throughout the Washington, D.C. regulatory state; however, it is unlikely to disrupt policymaking [...]
It has been nearly two years since the beginning of the COVID-19 pandemic. While concerns about new variants continue to make the news, American society seems to have progressed to a point of weariness with [...]
The National Credit Union Administration Board approved a proposed rule in November 2020 that, if finalized as proposed, would give federally insured credit unions a new loan workout option to help accommodate members during the [...]
The Office of the Comptroller of the Currency’s effort to create a federal fintech charter is in trouble because of a provision of the National Bank Act adopted by Congress in 1864, but not [...]
The National Credit Union Administration and state regulators have taken a variety of actions to grant credit unions regulatory relief during the COVID-19 pandemic. Most of those regulatory relief actions, however, are short-term measures will [...]
The National Credit Union Administration has given federal credit unions increased flexibility to hold virtual annual meetings or delay their annual meetings because of the COVID-19 pandemic. On March 20, NCUA issued a letter to [...]
In November 2019, the National Credit Union Administration finalized an updated interpretive ruling and policy statement called the Second Chance IRPS. This liberalizes the ability of federally insured credit unions to hire individuals who have [...]
The National Credit Union Administration’s recent proposed rule on federally insured credit union combinations with banks and other non-credit unions would establish new corporate governance rules for these transactions if it is finalized. NCUA [...]
Federal credit unions have new growth opportunities thanks to a recent appeals court decision on field of membership and the National Credit Union Administration’s new definition of a “member in good standing.” These regulatory [...]
The Basel Committee on Banking Supervision, which is headquartered at the Bank for International Settlements in Basel, Switzerland, calls itself “the primary global standard-setter for the prudential regulation of banks and provides a forum for [...]
Law will require U.S. credit unions to conduct withholding and due diligence on some types of cross-border payments beginning in 2017 by. Michael S. Edwards, Vice President and Chief Counsel, World Council of Credit [...]
