CUNA’s Governmental Affairs Conference (GAC) kicked off on Sunday, with nearly 5,000 attendees coming together to hear keynote speakers Ted Koppel, Lisa Bodell, Paul Begala and Mike Murphy. Key legislators, CFPB Director Richard [...]
The NCUA Board today will vote on a final, revised member business lending rule that is expected to remove prescriptive underwriting criteria and personal guarantee requirements, thus eliminating the current waiver process. If the rule [...]
The NCUA board announced the agenda Thursday for its next open board meeting on Feb. 18. According to the agenda, the NCUA board will vote on its final revised rule on member business loans, as [...]
I knew it was too good to last. Suddenly, in August of 2014, the NCUA board included a real life, unabashed strict-constructionist lawyer and fierce advocate of credit union flexibility. Now he’s leaving to [...]
The NCUA Board finalized its proposed rule ensuring parity in coverage of escrow accounts in a unanimous vote during its meeting Thursday. The rule implements last year’s Federal Credit Union Act revisions, which were [...]
The NCUA Board expects to finalize its proposed rule for implementing last year’s Federal Credit Union Act revisions ensuring parity in coverage of Interest on Lawyer Trust Accounts and “other similar escrow” accounts during [...]
The NCUA board approved its risk-based capital rule, which included only a few changes to the risk weights proposed in January. First, the final rule reduced the risk weight for equity investments in CUSOs, corporate [...]
The NCUA Board voted unanimously in favor of four supervisory actions Thursday, including one that will change the definition of “small entity” in the Regulatory Flexibility Act from credit unions with less than $50 million [...]
Mark McWatters will be President Barack Obama's pick to fill a National Credit Union Administration board seat when it is vacated by board member Michael Fryzel, whose term ended Aug. 2 this year. The president [...]
While he is working to get up to pace on issues his National Credit Union Administration colleagues have been discussing for months, if not years, new agency board member Richard Metsger gave News Now a [...]
Rick Metsger, shortly after being confirmed last night by the Senate to a term on the NCUA Board, received a call of congratulations from NAFCU President and CEO B. Dan Berger. “We look forward to [...]
Now that NCUA has declared the 8-basis-point assessment for corporate stabilization, the agency says credit unions should record that expense for this July. The assessment, declared last Thursday by the NCUA Board, will be based [...]
The NCUA Board is set to decide this year’s corporate stabilization assessment during its July 25 open meeting, which will also include a quarterly report on the National Credit Union Share Insurance Fund, a [...]
Senate Banking Committee Chairman Tim Johnson, D-S.D., is hoping to have a quorum of the committee present this morning to vote and report out the nomination of Rick Metsger to the NCUA Board, among [...]
During yesterday’s Senate Banking Committee nomination hearing, NCUA Board nominee Rick Metsger promised “continued safety and soundness of our nation’s credit union system” if confirmed to the NCUA Board. Rep. Mel Watt, D-N.[...]
