Wall Street reform may the Dodd-Frank Act's intent, but financial institutions that followed the rules and operated with the best interests of their customers in mind end up shouldering a new burden because of a bunch of bad actors who didn’t.
The NCUA is currently considering amendments to Part 703, the investment regulation. NCUA has not yet issued proposed changes. From them, consider this idea: a mutual fund of credit union loans.
SEC to hold hearing in Alabama
When the NCUA issues its proposed regulation of credit union service organizations on July 21, it will be an attempt by the agency to keep a closer eye on organizations whose role has grown and therefore expose credit unions to greater risk.
Deal eliminates competition between P2P offerings, better positions company for battle with other contenders large and small.
LAS VEGAS — The NCUA said Wednesday it wants to do all it can to keep an S&L-like crisis from occurring within the credit union industry.
Space Coast CU is suing Barclays and State Street Securities over investment losses that led to its takeover of Eastern Financial CU.
An SEC official involved in exposing alleged fraud by a subprime auto lender declined to say if credit unions were victimized.
When NCUA Chairman Debbie Matz spoke at a December Senate hearing on new regulations on natural person credit union risk concentrations, she pointed out that the regulator is also looking into performing its own exams of third-party vendors that provide services to NCUSIF-backed credit unions.
Nearly a year after LPL Financial LLC filed for an initial public stock offering, the company that counts more than 200 credit unions among its clients is consolidating one of its subsidiaries.