ALEXANDRIA, Va. — A final rule approved Thursday by the NCUA Board eliminates use of credit ratings as standards of investment creditworthiness.
Trade presents its 2012 Report on Credit Unions, notes 30% intend to access liquidity in the next 12 months.
Final rule would remove references to credit ratings in NCUA regulations as they apply to the credit unions' analysis of investments.
Four out of the five states where the Federal Housing Finance Agency is considering an increase in mortgage guarantee fees do not have healthy housing markets.
NAFCU expects to submit its comment letter on proposed rule by Thursday's deadline.
According to comment letters regarding the Consumer Financial Protection Bureau’s proposed mortgage servicing rules, credit unions are strongly opposed to changes in disclosed annual percentage rates, and are also asking for more time to implement the final rules.
Court rejects tax exemption arguments as not being part of Federal Credit Union Act intent.
Final liquidity rule not on October agenda for NCUA Board.
Comments from credit unions express concerns about rates, compliance burden as January effective date approaches.
An in-depth look - complete with videos - at the Women to Watch selected for their support of the credit union industry.