NAFCU, CUNA counsels recommend changes in shortened version.
Trade says latest versions are an improvement, expresses remaining concerns.
ALEXANDRIA, Va. — The NCUA board approved a $236.8 million budget for the agency next year, a 5.1% increase from 2011.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.
While the newly launched Consumer Financial Protection Bureau has received considerable attention and criticism, the focus for most credit unions is on the NCUA’s Office of Consumer Protection.
The NCUA is going back to the drawing board on its CUSO rule and the industry is happy.
ALEXANDRIA, Va. — If current financial trends continue, the NCUSIF's equity ratio will likely end the year at between 1.28% and 1.32%, which could mean a lower assessment to pay for the corporate credit union rescue, NCUA Chief Financial Officer Mary Ann Woodson told the agency's board last Thursday.
If more credit unions leave the NCUSIF, can the NCUA take steps to minimize the impact on those that remain?
ALEXANDRIA, Va. — CUSOs would have to submit financial reports to the NCUA and there would be limits on the investments certain credit unions can make in CUSOs, according to a proposed rule the NCUA sent out for comment on July 21.
NAFCU is teaming up with noted card processor to offer debit interchange guidance.