Financial regulations

A proposal to expand credit unions’ access to subordinated debt drew plenty of fire from bankers, but there are also concerns the regulation could be problematic for the institutions it aims to help.

The credit union regulator can accomplish so much more when board members work in a good-faith, fair-minded manner.

Kyle Hauptman pledged to focus on capital reform and expanding access for the underserved if confirmed to the credit union regulator's board, but one senator questioned whether the nominee was even qualified to serve.

The credit union regulator can accomplish so much more when board members work in a good-faith, fair-minded manner. It needs to renew that attitude.

Trump-appointed regulators gave the industry the green light to offer installment loans during the pandemic. But with concerns that the light could turn red in 2021, bankers remain extra cautious.

The credit union regulator revised its summary of what examiners will focus on to reflect legal and regulatory changes that have taken place since the COVID-19 outbreak began.

Among other changes, the law allows state regulators to accept NCUA examination results in lieu of exams from local regulators.

The agency has proposed letting firms seek specific guidance, which can be applied to other institutions. But consumer groups worry the plan circumvents formal rulemaking.

The credit union regulator has not yet announced an agenda, but the meeting could potentially include mattes related to field of membership and risk-based net worth.

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.