NCUA

The regulator's most recent prohibitions include multiple charges of fraud, theft and embezzlement.

The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks.

The benefits include improved financial inclusion, the chairman of the NCUA argues.

The benefits include improved financial inclusion, the chairman of the NCUA argues.

Bankers may not want to hear this, but communities benefit when credit unions buy banks.

Larry Fazio, longtime head of the agency’s examinations division, has been promoted to executive director. He will succeed Mark Treichel, who will retire later this year.

Two major banking organizations objected to a proposal by the agency that would expand the pool of investors in subordinated debt issued by credit unions. They fear it could provide credit unions more financing to buy banks.

There are no provisions in a new NCUA plan that outright bar credit unions from leveraging subordinated debt to acquire a bank. The long-awaited rule on bank purchases, also released Thursday, merely clarifies existing regulations rather than adding new components.

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.