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Friday, October 24, 2014
Number Of CUs Fined For Late Call Reports Drops 30% In Q2: NCUA
ALEXANDRIA, Va. — NCUA is set to receive more than $17,000 in fines from 44 credit unions that have agreed to civil money penalties as a result of filing late second-quarter call reports.
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WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Monday that will allow institutions that limit the amount of customer data they share to post annual privacy notices online rather than by paper delivery. more »
WASHINGTON — The U.S. Supreme Court could have a say in how regulators issue guidance on interpretive rules that are not subject to notice and comment, which could have ramifications for NCUA and the credit union community. more »
SAN DIEGO — Volunteer directors have many duties at their credit unions, but according to NCUA Vice Chairman Rick Metsger one of the most important is being a watchdog for the CU. more »
Credit unions and banks are having pressure complying with regulatory requirements when it comes to managing risk, according to a study from Wolters Kluwer Financial Services. more »
Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations and how mortgages are priced and serviced remain top priorities for the future. more »
Whether it was driven by procedure, policy or politics, NCUA's decision to reissue its controversial risk-based capital rule for comment met with much approbation by credit union executives and stakeholders, even as the industry is still holding its breath to see what the revised proposal looks like. more »
ALEXANDRIA, Va. — NCUA liquidated Republic Hose FCU in Youngstown, Ohio, Tuesday, the eighth credit union failure of the year. more »
WASHINGTON — The Consumer Financial Protection Bureau has agreed to ramp up its security policies on data collection in response to a recent Government Accountability Office report that raised nearly a dozen recommendations on the topic. more »
WASHINGTON — The Consumer Financial Protection Bureau recently appointed eight new members to its Credit Union Advisory Council. more »
WASHINGTON — New NCUA Board Member Mark McWatters believes a second comment period is needed on the regulator's proposed risk-based capital rule and will not vote for any RBC proposal that does not include one. more »
WASHINGTON — The Consumer Financial Protection Bureau remains committed to working with the financial services industry to improve the mortgage closing experience for consumers through the use of technology, CFPB director Richard Cordray said. more »
Credit unions and community bankers took to the Senate on Tuesday to urge policymakers to provide regulatory relief, but it appears any significant change is a long way off. more »
WASHINGTON — NCUA Board Member Rick Metsger said Wednesday he favors doubling the implementation period, which would create a de-facto second comment period on the agency's controversial risk-based capital rule. more »
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Vintage Aussie credit union spot
Today's ads may look a little different, but this 1993 credit union TV commercial from Australia still hits many of the same points as today's ads. "People helping people" doesn't go out of style.
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