NCUA

The National Credit Union Administration has unveiled a proposal to address a federal judge's concerns that its 2016 field-of-membership overhaul could discourage lending in low-income areas.

The credit union regulator has spent 20 years asking lawmakers for greater oversight of third-party vendors. Here's why it might finally happen.

A letter from the Ohio Democrat claims Rodney Hood, chairman of the National Credit Union Administration, is using social media to "curry favor with the president, seriously compromising the independence of the agency."

FCUs are regaining their appeal given the resources NCUA has put into helping de novos and the potential for expanded fields of membership.

The group's Wake Up initiative will include legislative and regulatory proposals, along with added resources to help members push for a level playing field.

The National Credit Union Administration board is expected to tackle a rule on nonmember shares this week while the House Financial Services Committee will examine Facebook's effect on financial services.

Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.

The four prudential agencies, which will enforce the new credit loss methodology developed by the Financial Accounting Standards Board, said they want to promote consistency.

FASB delayed implementation for the majority of banks and credit unions until 2023, but many in the industry still oppose the rule, despite regulators' attempts to ease the path forward.

At a national level, loan growth has been on the decline for months and could still get worse. Here's how some credit unions are tackling the issue.

Maine Harvest Federal Credit Union, which will serve farmers and the food industry, opened this week and aims to make $12 million in loans over the next six years.

The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.

Credit unions now have until Nov. 30 to apply for Community Development Financial Institution certification.

The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.

The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.

The event is partly intended to increase participation in the agency's diversity self-assessment.

As the industry increases its attempts to diversify its ranks, just 81 out of more than 5,000 CUs completed the regulator’s self-assessment last year.

The regulator issued seven prohibitions for offenses including attempted theft and conspiracy to commit bank fraud.

The regulator has pledged to put forth a rule on credit union-bank purchases before the end of the year. It's likely to lead to another clash with bankers.

Chairman Rodney Hood has pledged to put forth a rule on CU-bank purchases before the end of the year. It's likely to lead to another clash with bankers.