While it’s valid for the NCUA to make risk management a priority when it comes to business lending, recent guidance from the regulator could hinder and discourage credit unions and CUSOs running solid programs.
ALEXANDRIA, Va. — The NCUA’s proposed derivatives rule includes a possible fee structure for credit unions applying for and using the authority that could discourage them, say those involved with the regulator’s pilot program. And one credit union chief financial officer said she won’t apply if the final rule includes...
League, credit union CEOs, board members studying NCUA's proposal to charge fees to examine, allow derivatives use.
CUSO association expresses concerns about regulatory targeting hindering solid business lending programs.
ALEXANDRIA, Va. — A final derivatives rule could cost the agency as much as $16 million over three years.
The NCUA released last week a Supervisory Letter to examiners that reveals how the field staffers will evaluate credit union compliance with recent changes in troubled debt restructuring loan rules.
The NCUA reported March 28 that following a twice-annual review, the highest estimated amount credit unions have yet to pay in corporate assessments has declined by $900 million.
Supervisory letter says risk-based approach should be taken to examining troubled debt management at credit unions.
Agency says reduction in 2013 corporate assessment not in the offing but have passed the halfway point in overall payback.
Although the NCUA is already addressing key findings revealed in a national survey conducted by CUNA and its affiliated state league organizations, the trade association told Credit Union Times that the results still show room for improvement.