ALEXANDRIA, Va.—Federally insured credit unions have until Jan. 15, 1922, to complete the Voluntary Credit Union Diversity Self-Assessment.
Fresh Today
WASHINGTON—The U.S. Securities and Exchange Commission (SEC) announced its enforcement action results for fiscal year 2021, which ended on Sept. 30, reporting it filed a total of 697 enforcement actions (including both federal district court actions and follow-on administrative proceedings). That figure was a 3% decrease from fiscal year 2020.
ALEXANDRIA, Va.–Federal credit unions that meet certain criteria can now purchase mortgage servicing assets (MSAs) following the elimination of a prohibition on such purchases by the NCUA board.
ALEXANDRIA, Va.–Federal credit unions will pay a lower operating fee in 2022 as the result of funds left over from 2021 and the elimination of plans to hire more than 40 people next year, according to NCUA.
ALEXANDRIA, Va.–The NCUA board has approved a rule designed to help credit unions that are using new ECIP funds for secondary capital.
ALEXANDRIA, Va.–With one board member saying he was doing so “begrudgingly,” the NCUA board has approved a final rule on the Complex Credit Union Leverage Ratio (CCULR) that sets a lower threshold than had been proposed and also sets out a new framework for Prompt Corrective Action (PCA) in 2022.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to set the Normal Operating Level for the National Credit Union Share Insurance Fund at 1.33%, down from the current 1.38%.
WASHINGTON – The Federal Deposit Insurance Corp.’s board has approved a 2022 Operating Budget of $2.262 billion. The decision comes during the same week in which the NCUA board will consider the agency’s own budget—during its meeting today—and a week after it hosted a budget briefing.
CHICAGO–Continued expansion of lending, including to non-prime consumers, is expected to occur in 2022 with origination levels reaching or surpassing pre-pandemic levels, according to the newly released TransUnion Financial Services 2022 Consumer Credit Forecast.
ST. PETERSBURG, Fla.—Strong consumer purchasing has continued through the peak of the holiday shopping season, with mixed results among the larger retailers amid a shifting tone from the Fed on inflation, PSCU is reporting, citing data from its December PSCU Payments Index.