Monday, July 14, 2014
NCUA Listens on Risk-Based Rule, But CUs Frustrated Nobody's Hearing Them
NCUA may be listening, but many credit union executives here Thursday weren't convinced that their regulator is hearing them.
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WASHINGTON — What happens when you mix a cutting-edge payments technology with the newest financial regulator on the block, both of which stir policy passions? more »
SAN FRANCISCO — The flurry of regulations coming out of CFPB were expected to drive some credit unions right out of the mortgage business, but the "big dog" of mortgage regulation is yet to come, and that one might finally do the trick, according to one compliance expert. more »
Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit. more »
ALEXANDRIA, Va. — NCUA has terminated its Letter of Understanding and Agreement with Valley Pride FCU of Plains, Pa. more »
Two credit unions that have filed late call reports and face civil money penalties say they have until mid-July to either pay their fines or appeal. more »
NCUA's risk-based capital proposal is either "a solution looking for a problem" or "an attempt to modernize the capital system," depending on who's doing the talking. more »
BIRMINGHAM, Ala. — NCUA's proposed rule on associational common bond requirements has many credit union executives saying they are uncertain about what the agency will be looking for when it reviews existing associational relationships. more »
Of the 104 federally insured credit unions that missed the April 25 call report filing deadline, 84 were fined last month by NCUA, according to a report from Northwest Credit Union Association's website. more »
LOS ANGELES — Reactions were mixed following NCUA's first "Listening Session" on the proposed risk-based capital rule here last week. more »
Credit union executives peppered NCUA officials during the agency's first "Listening Session" on the risk-based capital rule here Thursday about why the agency continues to refuse to extend the comment period. more »
WASHINGTON — NCUA's risk-based capital proposal is drawing more fire from Washington, this time from the chairman of the House Financial Services Committee. more »
ALEXANDRIA, Va. — The NCUA Board unanimously approved a proposed rule that would broaden the ability of qualifying federal credit unions to securitize loans they originated. more »
The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureau's qualified mortgage rule. more »

A look at credit union partners and what they will be offering at NAFCU's upcoming Annual Meeting & Convention in Las Vegas.
Oct 20 - 22 | PayThink (formerly ATM, Debit & Prepaid Forum)

JW Marriott Desert Ridge
Phoenix, AZ
More Info

Oct 27 - 29 | Financial Services Collections & Operational Risk Conference

The Cosmopolitan
Las Vegas, NV
More Info

Interra CU Commercial
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