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WASHINGTON—NCUA has quietly advanced an interim final rule clarifying federal credit unions’ authority over “non-interest charges and fees,” a move some expect to become the agency’s response to Illinois’ controversial Interchange Fee Prohibition Act and one that closely mirrors recent preemption actions taken by the OCC on behalf of national banks.

WASHINGTON—NCUA has quietly advanced an interim final rule clarifying federal credit unions’ authority over “non-interest charges and fees,” a move some expect to become the agency’s response to Illinois’ controversial Interchange Fee Prohibition Act and one that closely mirrors recent preemption actions taken by the OCC on behalf of national banks.

WASHINGTON—NCUA has proposed an interim final rule clarifying federal credit unions’ authority over “non-interest charges and fees,” a move widely viewed as the agency’s response to Illinois’ controversial Interchange Fee Prohibition Act and one that closely tracks recent OCC preemption actions taken on behalf of national banks.

WASHINGTON—The Federal Financial Institutions Examination Council is seeking public comment on a proposed overhaul of the CAMELS supervisory ratings framework, marking what regulators said would be the first comprehensive revision of the bank and credit union examination system in approximately 30 years.

WASHINGTON—The Federal Financial Institutions Examination Council is seeking public comment on a proposed overhaul of the CAMELS supervisory ratings framework, marking what regulators said would be the first comprehensive revision of the bank and credit union examination system in approximately 30 years.

WASHINGTON—House Financial Services Committee Chairman French Hill and Ranking Member Maxine Waters on Tuesday unveiled revised legislation tied to the 21st Century ROAD to Housing Act that would amend the Senate-passed version of the bill, with supporters saying the updated package is designed to boost housing supply, reduce regulatory barriers and restore several community banking provisions removed during earlier negotiations.

ANTIGO, Wis.—CoVantage Credit Union has named longtime industry executive Matt Kaudy as its next president and CEO following a nationwide search, with the appointment set to take effect June 1.

AUSTIN, Texas—The $100-million Texas DPS Credit Union has named Monique Quarrells president and CEO.

WASHINGTON— Mortgage applications decreased 2.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 15.