Comments sought on guidance that includes compliance and legal, operational and reputational risk of new channels.
Final rule would remove references to credit ratings in NCUA regulations as they apply to the credit unions' analysis of investments.
The Redwood City, Calif.-based technology vendor Pano Logic, a provider of virtual end user systems to a client list that includes at least three credit unions, had just announced a success story about its partnership with the $3.4 billion Redstone Federal Credit Union of Huntsville, Ala. when the company essentially...
However, the NCUA will follow the guidelines when participating in an FFIEC-initiated technology vendor review, agency said.
Examinations council says drought conditions will be taken into consideration in evaluating credit decisions.
An examiner assigned to the $32 million Commodore Perry FCU did not harass employees or retaliate against the Oak Harbor, Ohio-based credit union, the NCUA said Oct. 9.
Small Ohio credit union awaiting appeal to NCUA over examination ruling from agency staffer accused of harrassment, bullying, retaliation.
The $32 million Commodore Perry FCU appeals exam findings after supervisors back agency staffer but offers to send different examiner next year.
Matt Gerber said he’s gotten a lot of calls lately from credit unions with an immediate need they haven’t had before. The examiners are coming and his clients need to prove they have their heads in the clouds.
Clearly, the challenge of fraud prevention in the banking industry continues to be paramount in the minds of institutions and consumers alike – and the cost and implications don’t stop there.