Thursday, July 31, 2014
NCUA Eliminates 5% Cap on Fixed Assets; Releases Mid-Year Budget
ALEXANDRIA, Va. — The NCUA Board unanimously approved a rule Thursday morning to eliminate the 5% cap on fixed assets.
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The credit union trade associations scored some legislative victories Wednesday morning after the House Financial Services Committee passed several regulatory relief measures supported by both NAFCU and CUNA. more »
ALEXANDRIA, Va. — The NCUA Board will go over the regulator's 2014 mid-year operating budget when it holds its next scheduled meeting Thursday morning, and plans to introduce a rule that is expected to bring significant relief to credit unions. more »
WASHINGTON — CUNA and NAFCU are watching the House Financial Services Committee closely today, hoping the panel votes not only to provide regulatory relief for credit unions, but also approves a legislative amendment that could delay implementation of NCUA's risk-based capital rule. more »
LAS VEGAS — NCUA plans to propose a rule to "effectively eliminate" the 5% cap on fixed assets, NCUA Chairman Debbie Matz announced. more »
LAS VEGAS — NCUA Chairman Debbie Matz reiterated last week that the agency plans to make "significant changes" to its proposed risk-based capital rule, but some industry stakeholders were still skeptical of how the final rule will look, particularly if it isn't reissued for a second comment period. more »
NCUA's civil money penalties are having the agency's desired effect on late call report filers, according to two credit unions that filed late in April and have paid their fines. more »
LAS VEGAS — Despite NCUA Chairman Debbie Matz's repeated promises of significant changes that will be made to the agency's proposed risk-based capital rule — most recently at NAFCU's annual meeting here — there's still a lot of anxiety among credit union executives about how the final rule will shake out. more »
LAS VEGAS — After months of largely negative feedback from credit unions, NCUA Chairman Debbie Matz announced Wednesday that the agency plans to make "significant changes" to its proposed risk-based capital rule. more »
WASHINGTON — Top lawmakers on the House Financial Services Committee debated the value of the Dodd-Frank Act in dueling reports on Monday, commemorating the financial reform law's fourth anniversary. more »
Between the proposed virtual currency regulations in New York and those already established in Texas, the future of Bitcoin would be brighter if more states follow the Lone Star State's example, says one legal expert. more »
WASHINGTON — The Consumer Financial Protection Bureau said Monday that it is accepting consumer complaints on prepaid cards and other non-bank products such as credit repair services and pawnshop loans. more »
ALEXANDRIA, Va. — Perhaps the third time really is the charm for NCUA Chairman Debbie Matz, who found the audience at the agency's final "listening session" more apprehensive than hostile toward the regulator's risk-based capital proposal. more »
WASHINGTON — Credit unions and NCUA have kicked the tires on the risk-based capital proposal during the first two "Listening Sessions" that have seen healthy — and sometimes heated — exchanges between the regulator and CUs. more »
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