ALEXANDRIA, Va.–By a 2-1 vote, the NCUA board has approved the revised risk-based capital rules for credit unions, over the protests of at least one CU trade group and several members of Congress.
Fresh Today
WASHINGTON–Following today’s vote by NCUA in favor of new risk-based capital rules, CUNA issued a statement calling the plan a “solution in search of a problem.”
ARLINGTON, Va.–Shortly after the NCUA board voted 2-1 in favor of implementing its risk-based capital proposal, NAFCU CEO Dan Berger said the association will continue to work to “make a bad rule better.”
ALEXANDRIA, Va.—While the NCUA board Thursday approved a final risk-based capital rule, before CUs must comply with the new net worth guidelines in 2019, Congress could step in to delay, alter or remove the rule.
ALEXANDRIA, Va.—Credit unions and trade groups, as well as Board Member Mark McWatters, have challenged NCUA’s legal authority to create a two-tier risk-based capital rule. NCUA Chairman Debbie Matz readdressed that issue Thursday.
ALEXANDRIA, Va.–The number of CAMEL Code 4 and 5 CUs that are federally insured declined by 25% in the third quarter over one quarter earlier.
WASHINGTON–The NCUA board is scheduled to vote this morning on the agency’s revised risk-based capital proposal.
MADISON, Wis.–Credit unions around the world are celebrating International Credit Union Day today.
MADISON, Wis.–CUNA Mutual Group is enhancing its Collateral Protection solutions for credit unions to address emerging risks to their loan portfolios related to the growing popularity of Transportation Network Companies (TNCs) such as Uber and Lyft.
LENEXA, Kans.–Cardholders of Mainstreet Credit Union have been hit with more than $200,000 in fraudulent charges from crooks making purchases out of a company based in China.