ALEXANDRIA, Va.–The NCUA board has voted 2-0 in favor of closing the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and merging it into the National Credit Union Share Insurance Fund (NCUSIF), paving the way for credit unions to begin receiving rebates in 2018.
ALEXANDRIA, Va.–Ahead of the board vote on the decision to close the Temporary Corporate Credit Union Stabilization Fund, as well as raise the Normal Operating Level of the NCUSIF, NCUA reported it received 663 comment letters, with nearly all favoring the distribution of equity to credit unions.
ALEXANDRIA, Va.–Prior to the NCUA board vote on close the Temporary Corporate Credit Union Share Insurance Fund, an update on the fund’s financials were provided.
ALEXANDRIA, Va.–A digital world and shorter messaging have made it much more difficult to also squeeze in “This credit union is federally insured by the National Credit Union Share Insurance Fund.”
ALEXANDRIA, Va.–The NCUA board Thursday voting to close the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and merge it into the National Credit Union Share Insurance Fund (NCUSIF) to pave the way for rebates in 2018 has CUNA and NAFCU—no surprise—holding opposing viewpoints on the decisions.
ALEXANDRIA, Va.–NCUA has put out for 60-day comment its plans for the next five years.
WASHINGTON—A Senate Appropriations subcommittee is being urged to include many regulatory relief and funding provisions found in a House-passed bill – such as CFPB reforms – in the panel's fiscal 2018 spending bill.
WASHINGTON—NCUA is being asked to take another look at its risk-based capital rule.
WASHINGTON—The Federal Housing Finance Agency (FHFA) has released a draft of its Strategic Plan for 2018-2022.
NEW YORK—Scammers are constructing fake people to get real credit cards—and the practice may pick up due to the recent Equifax breach.
