The NCUA Board finalized its first major overhaul of its field of membership rules in more than a decade, then immediately followed that up with another proposal to liberalize FOM even further.

NCUA Eases Membership Rules, Proposes to Go Further

Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.

Going Where No Other Regulator Has Gone Before: NCUA

In bringing back public budget hearings, the National Credit Union Administration is doing something no other federal financial regulator does.  more »

CFPB Issues Stark Warning on HMDA to Dozens of Mortgage Lenders

The Consumer Financial Protection Bureau sent letters Thursday to 44 mortgage lenders warning them of potential reporting violations related to their mortgage lending activities — infractions the bureau is increasingly pushing lenders to take seriously.  more »
FinTech Forward
The OCC Wants to Provide Fintech Answers — And That's a Big Deal
The Office of the Comptroller of the Currency is expanding efforts to encourage the development of new banking products, announcing Wednesday that it will establish an office of innovation to spearhead research and communication related to fintech.  read more »
How Diverse is Your CU?
This video from NCUA introduces the regulator's new diversity self-assessment checklist to help credit unions can improve their diversity efforts. The assessment has no bearing on an institution's CAMEL rating and is not part of the exam process.