Regulatory & Compliance

Meeting set for Friday at NCUA headquarters in Alexandria, Va.

Meeting set for Friday at NCUA headquarters in Alexandria, Va.

Agency working on credit union version of Basel III.

A combination of growth in assets and a decrease in the overhead transfer rate means an 0.24% increase to the NCUAs 2013 operating fee scale for federal credit unions with more than $1 million in assets, according to a Letter to Federal Credit Unions posted on the regulators website.

A group of Democratic senators introduced a bill Jan. 23 that would allow privately issued student loans to be discharged along with other bankruptcy debt.

Although the District of Columbia Circuit Appeals Court invalidated President Barack Obamas recess appointments to the National Labor Relations Board and potentially overturned the boards decisions since early 2012, credit unions shouldnt assume the ruling means the CFPB will meet the same fate, said NAFCU President/CEO Fred Becker.