ALEXANDRIA, Va.—As electronic payments grow to play much larger roles in credit union operations, NCUA has detailed key risks associated with these transactions and shares advice for CUs.
Fresh Today
ALEXANDRIA, Va.--NCUA’s much-anticipated revised proposed risk-based capital rule will likely be introduced for a 90-day comment period at the agency's open board meeting scheduled for Jan. 15, 2015.
WASHINGTON—The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners and struggling borrowers are treated fairly by mortgage servicers.
DENVER—The Fourth Corner Credit Union may soon become the first financial institution to serve the marijuana industry.
WASHINGTON—Fewer than 100 financial institutions will be negatively impacted by the Federal Housing Finance Agency’s proposal to adjust membership criteria for the Federal Home Loan Banks, according to the agency’s director, Mel Watt.
ALEXANDRIA—NCUA board member Mark McWatters outlined his perspective on the risk-based capital rule in the November issue of The NCUA Report.
ALEXANDRIA, Va.—NCUA plans to formally comment on a proposed rule from the Department of Defense that the agency believes could have an unintended consequence of reducing credit unions’ ability to offer certain kinds of credit, including payday alternative loans, to service members.
NEW YORK— A company that had promised consumers it would provide them free credit scores has been fined $22 million to settle charges it had been billing those same consumers for monthly credit monitoring for which they had not signed up.
WASHINGTON—CUNA, along with nine financial services organizations, is concerned a provision of an appropriations bill could raise U.S. Department of Housing and Urban Development (HUD) fees for credit unions and other financial institutions.
LAKE SUCCESS, N.Y. — Dealertrack recently reported the number of active lenders connected to its Dealertrack Credit Application Network has surpassed 1,500 lenders.