The NCUA Board approved a revised risk-based capital rule at the agency's Jan. 15 board meeting, which reduced the number of credit unions subject to the new capital requirements and lowered the well-capitalized standard by 0.5%.
Wells Fargo and JPMorgan Chase receive order to pay $35.7M in penalties for illegal mortgage kickbacks.
Trade group’s analysis shows credit union capital cushions would suffer a $490M hit.
A total of $12,820 in civil money penalties will go to the U.S. Treasury.
Nation’s first U.S. Department of Homeland Security Secretary set to deliver a keynote address in March.
The House Financial Services Committee Chairman says reducing regulatory burden on community financial institutions is a priority.
Both CUNA and NAFCU say they support efforts that would require retailer accountability for breaches.
Federal Credit Union Act provides “interpretive flexibility” to implement a two-tier risk-based net worth system.
ALEXANDRIA, Va. — NCUA Chairman Debbie Matz says she contacted 11 law firms nationwide for feedback.
ALEXANDRIA, Va. — The NCUA removes the controversial provision from its new RBC rule, but NAFCU says exam concerns remain.