NCUA chairman praises Fed's concern for small credit unions, NAFCU says rule "doesn't go as far as we would like."
Credit union trade groups are cautiously optimistic while Republicans are downright frustrated with the early moves of the new consumer bureau.
The NCUA board on April 21 approved a final corporate credit rule that left out two controversial provisions.
Credit union mortgage organizations and trade associations are casting a wary eye on a proposed regulation meant to encourage issuers of mortgage-backed securities to use safer mortgages to back their bonds.
NATIONAL HARBOR, Md. — Catherine Vallette-Kilroy recently spent a week listening to lectures during the day and studying for exams at night.
ALEXANDRIA, Va. — Federally insured credit unions with assets of more than $50 million and smaller ones with potentially risky loan portfolios would have to have policies to evaluate the institution’s interest rate risk exposure, set risk limits and test for interest rate shocks.
During NAFCU President/CEO Fred Becker’s 11-year tenure he has seen the best of times and the worst of times for credit unions. Credit Union Times Editor-in-Chief Sarah Snell Cooke sat down with him in NAFCU’s Arlington, Va. headquarters on the occasion of his anniversary to discuss key topics from the...
The boards of federal credit unions can delegate hiring, firing and compensation functions to the executive committee and, within limitations, to the CEO, according to NCUA General Counsel Robert Fenner.
So the NCUA or Federal Reserve has issued a proposed rule that you detest. What to do? Hold your fire and be rational.
Fannie Mae and Freddie Mac should eventually be abolished and the government should cut back its role in the housing market while financial institutions should hold more capital.