NCUA

J. Mark McWatters, chairman of the National Credit Union Administration, is said to be in contention to take over as director of the Consumer Financial Protection Bureau.

Credit union examiners will be focused on cybersecurity, BSA compliance, fraud prevention and more.

Thirty-nine credit unions will pay fines for filing 5300s after deadline, a three-fold increase over the previous quarter and the highest number of CUs to consent to penalties in over a year.

U.S. Reps. Gwen Moore and Paul Cook introduced a bill this week would allow more credit unions to expand their fields of membership to underserved communities.

The credit union was conserved in order for the regulator to help "correct operational weaknesses."

The Trump administration's first interagency assessment of systemic risk highlighted many of the same worries as previous reports, but added a new emphasis on economic growth and regulatory tailoring.

Delaware-based CU's new charter will allow it to branch out further into the First State, as well as into Maryland.

Alabama-based CU had operated under conservatorship since June.

Mary Anne Bradfield currently serves as chief of staff at the U.S. Small Business Administration.

The grant monies will go to 12 credit unions in 17 different states.

Jefferson Financial Credit Union in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. Will it embolden other CUs to pursue similar fundraising efforts?

Jefferson Financial in Louisiana struck a deal to bring in $12 million in secondary capital, which is believed to be the biggest haul to date for a credit union. It could also embolden other credit unions to pursue similar fundraising efforts.

The approved budget is largely unchanged from the plan released during the public briefing last month.

Louisiana-based credit union says its request is one of the largest ever approved by NCUA.

SDCCU’s member base increases 10.4 percent in one year, total assets up to $8.2 billion.

Eastern Maine Medical Center FCU now part of Acadia FCU after members approve.

Both CUNA and NAFCU filed briefs in response to the regulator’s proposed budgets, which continue to rise despite a shrinking NCUA workforce and a contracting industry.

The regulator is moving forward with a plan aimed at making it easier for credit unions to challenge supervisory decisions.

Credit union representatives on Wednesday praised the regulator for its newfound willingness to hear their concerns on the budget, but emphasized that 10 years of budget increases – during which time the number of CUs has shrunk by a quarter – is enough.

Under a joint order, lenders still have to document the value of properties in storm-affected regions, but they will not have to depend on appraisers.