WASHINGTON–The Government Accountability Office (GAO) said there are still five recommendations, out of the 37 it made to financial regulators since enactment of the 2010 Dodd-Frank Act, that have not yet been enacted.
Fresh Today
TEMPE, Ariz.–The University of Phoenix and its parent company have agreed to pay $50 million in cash and further agreed to cancel $141 million in student debt to settle allegations of deceptive advertisement brought by the Federal Trade Commission.
THE HAGUE, Netherlands–More than 200 people have been arrested in 31 countries as part of a global crackdown on money laundering by Europol.
SHELTON, Conn.—Mutual Security Credit Union here has gone live with Lumin Digital’s cloud-based platform, PSCU announced.
WASHINGTON–The U.S. District Court of Appeals for the D.C. Circuit has denied a request by the American Bankers Association for a rehearing en banc in a case filed against NCUA over its new field of membership rules.
ALEXANDRIA, Va.–The NCUA board has voted to maintain the normal operating level (NOL) of the NCUSIF at 1.38%, while also confirming no distributions from the insurance fund will be paid out in 2020.
ALEXANDRIA, Va.–The NCUA board has voted 2-1 in favor of again delaying implementation of its risk-based capital rules, this time to Jan. 1, 2022, back from what would have been a Jan. 1, 2020 deadline.
ALEXANDRIA, Va.–The NCUA board voted 2-1 to approve its budgets for 2020 and 2021, with discussion prior to the vote dominated by debate over whether NCUA is doing enough to ensure credit unions are in compliance with consumer protection laws.
ALEXANDRIA, Va.–In a 2-1 vote, the NCUA board has approved budgets for 2020 and 2021 that are slightly below the estimates made during its November budget briefing.
ALEXANDRIA, Va.—The NCUA board will consider a final risk-based capital rule, the agency’s 2020-21 budget and will receive a briefing on the 2020 share insurance fund Normal Operating Level (NOL) at its meeting today.