ALEXANDRIA, Va.–During its meeting here, the NCUA board voted to slightly lower the Normal Operating Level of the NCUSIF and voted to publish the second report from its Regulatory Reform Task Force.
Fresh Today
WASHINGTON – After the NCUA board Thursday approved decreasing the National Credit Union Share Insurance Fund's normal operating level (NOL) from 1.39% to 1.38%, both CUNA and NAFCU applauded the move.
ALEXANDRIA, Va.–Credit unions in Utah and Maine led the way in median asset growth during the year ending Sept. 30, while asset growth was negative among credit unions in New Jersey, Louisiana, and Kansas, according to NCUA.
ALEXANDRIA, Va.—The NCUA board today will hear recommendations from the agency’s Regulatory Reform Task Force.
WASHINGTON–The Federal Communications Commission (FCC) has approved a Report and Order to create a reassigned numbers database to combat unwanted robocalls. The move has the support of both credit union trade associations, which have been pushing for such a database as part of calls to resolve issues related to the Telephone Consumer Protection Act (TCPA).
ALEXANDRIA, Va.– NCUA said effective with the new year it will pilot a program with six state regulators in which it will launch alternating examinations for a select group of federally insured, state-chartered credit unions.
OVERLAND PARK, Kan.–Mazuma Credit Union here has agreed to pay nearly $1.4 million to settle a class action lawsuit over its overdraft policies. PARK, Kan.–Mazuma Credit Union here has agreed to pay nearly $1.4 million to settle a class action lawsuit over its overdraft policies.
WASHINGTON—As the House this week continues work on its tax extenders and packages of fixes (H.R. 88), leaders of the tax-writing committee are being urged to provide a technical fix to the Tax Cuts and Jobs Act (TCJA) so a 21% excise tax is not imposed on certain not-for-profits in any year-end tax bill.
ARLINGTON, Va.—Many credit unions have been receiving a letter from Progressive Insurance asking them to fill out and return the IRS W-9 form—but should they comply?
WASHINGTON—The Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) standard will have a negative impact on community-based financial institutions, said witnesses and lawmakers during a House Financial Services subcommittee hearing this week on the subject.