Agency also elevates position to direct report to NCUA Board.
Meeting set for Friday at NCUA headquarters in Alexandria, Va.
The NCUA Board will experience significant turnover in 2013 when President Obama is expected to appoint candidates to fill two out of three spots left vacant by Gigi Hyland, who resigned in October 2012, and Michael Fryzel, whose term ends Aug. 2, 2013.
Expanding authority to declare state-chartered credit unions troubled, definition of small credit union on agenda.
NCUA Board will see some turnover in the coming year, with two seats expected to be filled.
As is tradition, Credit Union Times’ Year in Review issue is when I make predictions for the upcoming year. I predict YIR 2012 will be no different.
ALEXANDRIA, Va. — A final rule approved Thursday by the NCUA Board eliminates use of credit ratings as standards of investment creditworthiness.
Final rule would remove references to credit ratings in NCUA regulations as they apply to the credit unions' analysis of investments.
Democrat Martin Gruenberg was confirmed by the Senate late Thursday to serve as FDIC chairman.
Slowed pace of proposed and finalized regs resulted in three canceled monthly meetings in 2012.