Regulatory & Compliance

CUs may use asset data from the end of March 2020 to determine whether they are subject to capital planning and stress testing.

A GAO report recommends financial regulators be consolidated, but doesn't mention the NCUA specifically.

"We need to get everyone access to basic bank accounts that don't come with abusive fees."

The rule, when finalized, will be the beginning of serious and focused internal examination at the NCUA.

NAFCU and others go on record criticizing the agency's move.

The proposed rule would allow CUSOs to originate any type of loan that a federal credit union may originate.