Regulatory & Compliance

ALEXANDRIA, Va. - A power outage at NCUA's Alexandria, Va. headquarters led to an unexpected day off. Staff at NCUA's Duke Street headquarters, which also houses the Region II offices, got an extra long weekend with the power outage occurring the Monday before the Fourth of July. NCUA Director of...

NEW YORK - Members looking to establish trusts may have an edge in certain states. Alaska continues to be among the most trust-friendly states, having recently revised its trust code to make it more difficult for divorcing spouses to seize assets, the Wall Street Journal reported. New Hampshire became one...

WASHINGTON - The president has announced another nominee to fill an open seat on the Federal Reserve Board. Frederic S. Mishkin, a professor at Columbia University, has been nominated to fill the remainder of a 14-year term expiring Jan. 31, 2014. Mishkin currently serves as the Alfred Lerner Professor of...

WASHINGTON - The Securities and Exchange Commission recently published a draft contract proposal in preparation for a study comparing how the different regulatory systems that apply to broker-dealers and investment advisers affect individual investors. Broker-dealers are regulated under the Securities Exchange Act of 1934. Investment advisers are regulated under the...

ALEXANDRIA, Va. - NCUA has issued a regulatory alert notifying federally insured credit unions of changes to appraisal standards that will take effect shortly. NCUA's Regulatory Alert 06-RA-04 was issued to ensure credit unions were aware of modifications made by the Appraisal Standards Board to the Uniform Standards of Professional...

WASHINGTON - NCUA has found that its own customized XML-based software is most suitable for credit union call reports despite the other federal banking regulators' moves to XBRL. XBRL, or eXtensible Business Reporting Language, was created specifically for the reporting of business and financial data, according to XBRL International, a...