NCUA

State and federal officials committed to providing “appropriate regulatory assistance” to banks whose customers may be hurt by the coronavirus outbreak and said prudent measures would not be subject to criticism by examiners.

Sen. Mark Warner led a group of Democratic senators in calling on bank, credit union and GSE regulators to give detailed instructions on helping consumer and commercial borrowers hurt by the COVID-19 outbreak.

Elizabeth Duke and James Quigley step down from board; the bank is asking corporations to divulge their exposure and preparations as part of risk assessment.

The agencies recommend steps financial institutions should take to proactively prevent disruption of operations, minimize contact between staff and consumers, and plan for how affected employees reenter the workplace, among other things.

The credit union regulator’s Office of the Inspector General outlined two former employees’ alleged carousing during work hours, the second high-profile scandal to hit the agency in just over a year.

Membership growth is slowing and expenses are up. But it's not all bad news.

The regulator barred nearly a dozen former credit union employees from working with any financial instiutiotn following charges of theft, embezzlement and more.

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

National Credit Union Administration board member Todd Harper also emphasized the risks of poor succession planning during remarks on Wednesday.

The debate centers on whether guidance on credit union-bank mergers is necessary.

Though the agency plans to give more credit unions authority to issue subordinated debt, limited investor appetite and other factors could hamper activity.

The regulator completed a thorough process, which included ensuring investors would treat borrowers well, before settling on a buyer.

NCUA board member Mark McWatters defended the agency's position on credit union-bank purchases and called out the ongoing sniping on both sides of the argument.

The Credit Union National Association is submitting a FOIA request to get more information about the National Credit Union Administration's recent portfolio sale, but further action could be necessary if those answers aren't satisfactory.

Rep. Gregory Meeks is unhappy with the National Credit Union Administration's recent sale of more than 4,000 taxi medallion loans to a hedge fund.

The industry loves to tout its bipartisanship, but it has very publicly embraced the Trump administration at times.

The credit union regulator's portfolio sale dashed the hopes of a group of New York taxi drivers looking for relief.

$13 billion deal will get Morgan Stanley "ready for prime time"; Ralph Hamers will replace Sergio Ermotti later this year.

The credit union regulator had amassed the loans following the liquidation of several New York-area credit unions with high concentrations of taxi medallion loans.

More than two years after NCUA OK'd securitization deals, the Tampa-based credit union is moving ahead with a transaction that could pave the way for others in the industry.