BALTIMORE — National Federation confab attendees told of new attention from NCUA examiners, assured of help.
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...
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.
Supervisory letter says risk-based approach should be taken to examining troubled debt management at credit unions.
Session on how examiners will evaluate ability to manage operational, interest rate, liquidity and balance sheet risk.
Agency also elevates position to direct report to NCUA Board.
The Consumer Financial Protection Bureau released final mortgage rules that restrict loan originator compensation methods and increase the level of service loan servicers must provide to borrowers. However, due to the way credit unions already do business, trade associations say neither rule will have a major impact on the industry.
CFPB final mortgage servicing rule hits slightly more than 200 of 6,900 federally insured credit unions.
ALEXANDRIA, Va. — The NCUA approved a controversial final rule during its Jan. 10 board meeting that would allow the federal regulator to declare a state-regulated, federally insured credit union to be in “troubled condition”.
The full effect of the Dodd–Frank Wall Street Reform and Consumer Protection Act is still to be felt in the financial sector. Dodd-Frank creates an environment of increased scrutiny and heightened sensitivity by regulators and consumers.