Financial regulations

A recent bill would require financial institutions to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money-laundering efforts.

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

In an update of its rulemaking agenda, the bureau said it "expects to take final action in April 2020" on a proposal that would rescind strong underwriting requirements.

The National Credit Union Administration board pushed back against criticisms about its rising budget by noting its oversight is still cheaper than that provided by other financial agencies.

The National Credit Union Administration is funded by the institutions it oversees and insures. Some of them are pushing back against spending trends at the agency.

The National Credit Union Administration's public budget briefings are a step in the right direction, but the institutions it regulates still have too little say over how those monies are spent.

The National Credit Union Administration will meet this week to discuss its proposed budget while the Senate and House work to avoid a government shutdown.

A prominent credit union blogger is calling for the National Credit Union Administration to follow the Federal Reserve and FDIC's lead on possibly revamping the risk-rating system.

The junior member of the National Credit Union Administration board has proposed additional oversight for larger credit unions, citing a “guiding principle” of “uniformity between the regulators.” That could pit him against much of the rest of the industry.