Carrie Hunt

• Settlement Scores $165M from BofA

  By Heather Anderson  |  April 10, 2013

  The NCUA reported April 2 that it scored a $165 million win against Wall Street, reaching a settlement with Bank of America over residential mortgage-backed securities losses at failed corporate credit unions. Bank of America did not admit fault as part of the settlement, the NCUA said in a release.

• Common Bond Backdoor Scrutinized

  By Heather Anderson  |  April 3, 2013

  What common bond does a website editor in Los Angeles share with a military-based credit union in Virginia?

• TIPS,Rural Districts Approved

  By Heather Anderson  |  February 27, 2013

  The NCUA Board presided over a monthly board meeting Feb. 21 that concerned mostly positive news for credit unions. Two new rules that expand investment powers and field of membership reach were approved. And year-end share insurance statistics showed improved CAMEL scores and legacy asset performance.

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  MBL Losses Prompt More Legal Opinions

  By Heather Anderson  |  February 27, 2013

  Before the recession, credit unions sometimes skimped on requiring business borrowers to provide legal opinions for transaction fundamentals, attorney Dustin DeVore told an educational session audience during a Feb. 11 Metropolitan Area Credit Union Management Association meeting in Rosslyn, Va.

• NCUA Board Approves TIPS Investments and Larger Rural Districts

  By Heather Anderson  |  February 21, 2013

  The NCUA Board approved two new rules during its February meeting Thursday that expand investment powers and field of membership reach.

• Trades: CFPB’s Final Mortgage, Remittance Rules Coming Soon

  By Heather Anderson  |  January 2, 2013

  Mortgage rules expected at Baltimore meeting next week; remittance rules expected to be posted on agency website in weeks to come.

• NAFCU Urges CFPB to Leave Plenty of Time for Mortgage Rules

  By David Morrison  |  December 20, 2012

  Trade group says five new rules at once will pose "unprecedented challenge to digest, understand and implement."

• NAFCU Bolsters Regulatory Counsel Staff

  By Marc Rapport  |  December 13, 2012

  NAFCU said Thursday it has promoted Tessema Tefferi to senior regulatory affairs counsel and hired two more attorneys to work in that area.

• NCUA Eliminates Credit Ratings For Investment Decisions: Onsite Coverage

  By Heather Anderson  |  December 6, 2012

  ALEXANDRIA, Va. — A final rule approved Thursday by the NCUA Board eliminates use of credit ratings as standards of investment creditworthiness.

• NAFCU Talks Credit Unions and Liquidity with Fed

  By Heather Anderson  |  December 3, 2012

  Trade presents its 2012 Report on Credit Unions, notes 30% intend to access liquidity in the next 12 months.