ALEXANDRIA, Va.–NCUA has fined 15 credit unions for filing late call reports for the first quarter, a decline from the 62 CUs that were fined for being late in Q1 of 2014.
Fresh Today
WASHINGTON–A congressional hearing on NCUA’s budget that will feature NCUA Chairman Debbie Matz has been moved to Thursday at 2 p.m. The hearing had originally been scheduled for Friday, but was moved as the House plans to adjourn on Thursday night to allow members to return home.
NEW YORK–HSBC Holdings has lost a court decision in which it sought to have a lawsuit dismissed against it that had been filed by NCUA.
ARLINGTON, Va.–The Dodd-Frank Wall Street Reform and Consumer Protection Act marked its fifth anniversary yesterday, with no reports to CUToday.info from any credit unions with celebratory birthday cakes.
WASHINGTON–Five years of the Dodd-Frank Act have meant $24 billion in costs for financial institutions, as well as 61 million “paperwork burden hours,” according to a new analysis.
WASHINGTON–The Department of Defense has issued its final Military Lending Act (MLA) rule with a goal of cracking down on predatory lending practices that target service men and women.
ALEXANDRIA, Va.—NCUA will host a webinar in late July to help CUs learn more about usingthe cybersecurity assessment tool recently announced by the Federal Financial Institutions Examination Council.
LAS VEGAS–Several credit unions have named new CEOs.
NORTH CHARLESTON, S.C.—South Carolina Federal Credit Union announced it has mad
ALEXANDRIA, Va.—Low-income designated credit unions show more signs of impact from NCUA’s Office of Small Credit Union Initiatives services than non-LID CUs, and the OSCUI would be more effective to continue to serve the previous ($10 million) definition of small CUs.