The regulator issues prohibition orders to three former credit union employees who pleaded guilty to fraud and embezzlement.
J. Mark McWatters cited regulatory relief for credit unions among his top priorities as an NCUA board member Aug. 27, just one day after taking the oath of office.
The CFPB has replaced its five-tier performance rating system for employee reviews with a two-tier system after racial disparities were revealed earlier this year.
The bureau's new OMWI report also says employees question the new pass/fail performance review system.
The bureau will also retroactively give all employees top ratings and spend $5 million on raises for everyone, regardless of performance.
Incoming NCUA Board Member J. Mark McWatters also touts transparency and cost-benefit analysis for rulemaking.
New NCUA board member says he looks forward to addressing the challenges facing the credit union industry.
Program is part of the bureau’s “Know Before You Owe” mortgage initiative.
EVP John Magill leaves before CUNA names its new CEO.
The CFPB extends fee estimations five more years, but finalizes the 100 transaction annual compliance threshold.