Regulatory & Compliance

Credit unions and trade associations have an additional 30 days to file comments on proposed rules changes on corporate credit unions, as a result of a decision announced today by NCUA Chairman Debbie Matz.

Federally insured credit unions should expect their assessments to total 90.4 basis points through 2021, the vast majority to repay the Treasury Department's loan to rescue the corporate credit unions, according to a report by CUNA.

If NCUA and state examiners had been more aggressive in their oversight of 10 failed credit unions, losses to the NCUSIF could have been stopped or mitigated, according to a report by the NCUA's Office of Inspector General.

The Senate Banking Committee plans to hold a hearing on the state of the credit union industry next Tuesday afternoon at which NCUA Chairman Debbie Matz will be the sole witness, according to two sources.

NCUA employees and other federal employees could have their pay frozen if Congress approves a proposal announced today by President Obama.

NAFCU announced today that its board will meet with the Federal Reserve on Wednesday, Dec. 1, to discuss credit union issues.