WASHINGTON—CUNA again shared its support for NCUA’s alternative capital proposal, emphasizing that under the rule supplemental capital will not only count towards the risk-based capital number for credit unions that are not low-income designated, but that it can count towards both RBC and statutory net worth for low-income credit unions.
Fresh Today
EL CENTRO, Calif.–Sun Community Credit Union has named a new CEO to replace the retiring Dale Johnson.
BASEL, Switzerland—Credit union leaders from around the world met here with Basel Committee on Banking Supervision Secretary General William Coen and other senior members of the Basel Committee Secretariat to discuss how best to reduce regulatory burdens on credit unions.
ALEXANDRIA, Va.–Five federally insured, low-income credit unions have earned certification as community development financial institutions, NCUA has announced.
WASHINGTON –The Consumer Financial Protection Bureau has taken separate actions against CitiFinancial Servicing and CitiMortgage, Inc. for what it called “giving the runaround to struggling homeowners seeking options to save their homes.”
WASHINGTON–NCUA said it is “reviewing” an order issued by President Trump that freezes new and pending regulations. Among the rules the order could affect: NCUA’s proposed field of membership rules overhaul.
WASHINGTON–This week will mark the first full week for the new Trump administration and like other industries credit unions are attempting to sort through what it will mean, where opportunities might be found and where threats could emerge.
SCOTTSDALE, Ariz. and SAN DIEGO–The number of U.S. data breaches tracked in 2016 hit an all-time record high of 1,093, according to a new report released by the Identity Theft Resource Center (ITRC) and CyberScout (formerly IDT911).
SAN FRANCISCO—Uber has agreed to pay $20 million to resolve Federal Trade Commission charges that it misled prospective drivers with exaggerated earning claims and claims about financing through its Vehicle Solutions Program.
WASHINGTON—NAFCU is urging a Senate subcommittee to provide regulatory relief for small businesses.