Basel Committee Exempts CUs From Many Of Its Disclosure Rules 12/13/2018 07:50 pm MADISON, Wis. – The Basel Committee on Banking Supervision has exempted credit unions and other community-based depository institutions from many aspects of its disclosure rules and has made other disclosure requirements optional at the national-level, according to the World Council of Credit Unions.
Senate Bill Would Delay NCUA’s Risk-Based Capital Rule 12/13/2018 07:51 pm WASHINGTON – A bill has been proposed in the Senate that would delay NCUA’s risk-based capital rule by an additional year.
Many Expect Fed Will Raise Interest Rates Next Week 12/13/2018 07:51 pm ARLINGTON, Va.—Despite decelerating consumer prices in November, the Federal Open Market Committee is still on track to raise rates next week, says one economist.
NCUA Board Lowers NCUSIF's NOL; Gets Update on Reg Reform 12/13/2018 07:54 pm ALEXANDRIA, Va.–During its meeting here, the NCUA board voted to slightly lower the Normal Operating Level of the NCUSIF and voted to publish the second report from its Regulatory Reform Task Force.
CU Groups Back NCUA's Appeal Of Court FOM Ruling 12/13/2018 08:04 pm WASHINGTON–NAFCU, CUNA and CUNA Mutual Group jointly filed an amicus brief Thursday supporting the National Credit Union Administration in its appeal of the U.S. Court of Appeals for the D.C. Circuit’s decision in the American Bankers Association lawsuit that challenged the agency’s field of membership (FOM) rule.
Heritage Trust Employees Help Ronald McDonald House 12/13/2018 09:01 pm CHARLESTON, S.C.–Heritage Trust employees recently partnered with the Carolinas Credit Union League’s Lowcountry Chapter Give Back Day at the Ronald McDonald House Charities of Charleston.
CUES Enters Into Partnership With LEO Cyber Security 12/13/2018 09:01 pm MADISON, Wis.—CUES said it has partnered with LEO Cyber Security, a Texas-based cyber-advisory and operations firm that helps businesses architect, build, and operate cybersecurity programs.
FSOC Again Encourages Congress To Give NCUA Oversight Of Third Parties 12/26/2018 08:07 pm WASHINGTON––The Financial Stability Oversight Council (FSOC) is again encouraging Congress to ensure NCUA and other agencies have adequate examination and enforcement powers over third parties, especially when it comes to cybersecurity.
Here's What CU Execs Say Are Biggest Worries, Non-Worries For 2019 12/26/2018 08:07 pm ARLINGTON, Va.—Interest rates and asset yields are the issues credit union leaders are most optimistic about for 2019, while the economy remains the biggest worry, according to a new report.
Several CUs Were Forced to Close as Result of Nationwide Bomb Threats 12/14/2018 11:58 am SAN FRANCISCO–At least two credit unions were forced to close facilities as the result of nationwide series of bomb threats that included not just financial institutions, but libraries, schools and other businesses.
