ALEXANDRIA, Va.–While overshadowed by discussion of the NCUA budget, during the NCUA board meeting an update on the National Credit Union Share Insurance Fund was also provided.
Fresh Today
BALTIMORE–John M. Hamilton has been named as the new president and CEO of MECU of Baltimore.
RICHARDSON, Texas–Institution Solutions and Alloy Insurance Partners have named John Chipps as their new CEO.
WASHINGTON—The Consumer Financial Protection Bureau filed a complaint and proposed consent order in federal court against Student Financial Aid Services, Inc. for illegal sales and billing practices.
CUPERTINO, Calif.—Apple has added 35 more FIs to the list of those now live with the new payments solution, and this time more banks are coming on board.
WASHINGTON—Testifying before the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer Credit today, NCUA Chairman Debbie Matz said the agency “leads” financial institution regulators in budget transparency.
ALEXANDRIA, Va.–Here is how NAFCU and CUNA are responding to the several items voted on at the July 23 NCUA board meeting, at which fixed asset rule, agency budget and performance of the Temporary Corporate Credit Union Stabilization Fund were all discussed.
ALEXANDRIA, Va.–When might credit unions start seeing rebates on the assessments paid to create the Corporate Stabilization Fund in the wake of the financial crisis?
ALEXANDRIA, Va.–At its mid-year budget review this morning the NCUA board approved a number of changes, the net of which is a $1.3-million reduction in the agency’s 2015 budget.
ALEXANDRIA, Va.–While Board Member Mark McWatters, as expected, cast the dissenting vote in the 2-1 NCUA budget vote, he did acknowledge that progress has been made on some of the budget-transparency issues he identified as issues in remarks made at the November 2014 board meeting, when he also voted against the 2015 budget and read a long statement sharply critical of NCUA’s budget process.