ALEXANDRIA, Va. -- Large credit unions would have to file an annual report on incentive-based compensation programs and couldn't have any such programs that encourage exposure to inappropriate risks
Regulatory overreach, an unnecessary limit on credit unions' choices and possibly illegal. Those are among the critiques of the NCUA's proposed rule on corporate credit unions.
NAFCU has promoted four of its key executives to vice president, the association announced today.
President Obama announced that he is ordering all federal departments and independent agencies to review all existing regulations to ensure they don't stifle economic growth.
Saying that the proposed changes to the rules on corporate credit unions are "significant and deserve thorough consideration by the credit union system,'' CUNA President/CEO Bill Cheney is asking the NCUA to extend the comment period by 60 days.
ALEXANDRIA, Va. -- The NCUA has given all corporates new examiners, made more use of outside experts and begun to hire payment system specialists.
ALEXANDRIA, Va. -- The NCUA Board last Thursday approved an assessment of 12.42 basis points that federally insured credit unions must pay to shore up the NCUSIF, which has
The NCUA's proposal to limit golden parachutes and indemnification payments is overbroad and would place unnecessary restrictions on credit union boards, according to
The NCUA Board will miss its self-imposed deadline for a corporate restructuring rule and legacy assets plan at its September board meeting.
In the regulatory equivalent of telling Santa what you want for Christmas, the credit union trade associations have all written the NCUA recommending changes on everything from insurance rules to lending rules.