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?
Fresh Today
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.
WASHINGON–A coalition of groups is calling on the Senate to not increase fees on government-backed mortgages in order to offset costs for the highway funding bil
WASHINGTON–In advance of today’s House hearing by the Committee on Financial Services on the NCUA budget, CUNA, NAFCU and NASCUS have filed comment letters calling on Congress to address with NCUA everything from the revised RBC proposal to third-party vendor authority to the overhead transfer rate to exam cycles.
ALEXANDRIA, Va.–The NCUA Board will be meeting today with at least one agenda item likely to generate some controversy and debate.
ARLINGTON, Va.–The National Association of State Credit Union Supervisors has created a brief video that explains the purpose and mechanics of the overhead transfer rate (OTR), including its impact on state-chartered credit unions.
WASHINGTON–A Senate Subcommittee has passed the Financial Services and General Government Appropriations Act for 2016, which seeks to provide regulatory relief, on a 12-10 vote along party lines.
CHIGAGO and WASHINGTON–The Mortgage Partnership Finance Program announced it has issued its first security guaranteed by the Government National Mortgage Association (Ginnie Mae).
OSHKOSH, Wis.–A former employee of Oshkosh Central Credit Union has been ordered to stand trial in a civil case involving $1.7 million in missing cash.