As many as 30 credit unions in West Virginia and Ohio have been scrambling to establish new correspondent vendors after a regional and national bank terminated their accounts over the past few weeks.
Huntington, JPMorgan Chase closed accounts at up to 30 West Virginia, Ohio credit unions, their corporates say.
CUNA expands regulatory Advocacy Report distribution while NAFCU reports sharp uptick in compliance help requests.
The expansion of CUNA’s Regulatory Advocacy Report distribution is the latest effort by trade associations to respond to industry calls for solutions to the growing regulatory burden.
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.
Trade group says agency already addressing key findings in its survey of 1,500 respondents about examination process.
The Federal Home Loan Banks want to be included in the NCUA’s pending final emergency liquidity rule, according to a Jan. 31 letter to NCUA Board Chairman Debbie Matz and Board Member Michael Fryzel signed by the 12 FHLB presidents.
Federal Home Loan Bank working with NCUA to draft a Memorandum of Understanding that would define the banks’ role in providing liquidity.
Response not officially tied to credit union DDOS attacks.
Presidents of 12 Federal Home Loan Banks urge NCUA Board to consider them as an option to the CLF or Fed's Discount Window.