NCUA

National Credit Union Administration Chairman Mark McWatters called on lawmakers to further expand field-of-membership options for CUs and to permit the regulator to oversee third-party vendors, including fintech partners.

As NCUA Chairman Mark McWatters heads to Capitol Hill, credit unions are facing new threats at the ATM and CU trade groups are writing big checks in advance of midterm elections.

NCUA liquidated LOMTO Federal Credit Union following years of significant losses due to poorly performing taxi medallion loans.

At least six Trump administration picks to fill financial posts are still pending, but the bitterly partisan divide over Judge Brett Kavanaugh has taken up most of the energy in Congress.

In September, the National Credit Union Administration barred five people from the industry, including one individual who was accused of working to embezzle more than $1 million.

Analysts say the proposal will hurt more than help, and while it isn't expected to gain traction soon, that could change if Democrats retake the Senate.

The National Credit Union Administration is eyeing a 1.1 percent funding increase for 2019 for a total of $334.8 million

The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of transactions.

The Mass.-based credit union is the latest to drop its federal charter in favor of state oversight.

Congress is considering additional tax reform, while the NCUA board is taking comments on a proposed rule to ease appraisal limits and more.

CUs with low-income designations can apply for funds to repair property and equipment or rebuild network systems.

Following an increase in the CRE appraisal threshold for community bankers earlier this year, the National Credit Union Administration has proposed an even bigger shift for CUs.

The Credit Union National Association believes the NCUA has not moved quickly enough to grant an 18-month exam cycle to credit unions with $3 billion or less in assets.

Credit union trade groups are calling on the National Credit Union Association to raise the asset threshold for CUs eligible for an 18-month exam cycle, bringing them in line with community banks.

Credit unions across the mid-Atlantic are bracing for Hurricane Florence, with many closing their doors and not expecting to reopen until next week.

Regulators have approved the merger of Vibe and Okland County Credit Unions, which is expected to take effect early next year.

Credit union advocates shattered records with the number of comment letters they sent the regulator when its original risk-based capital proposal was issued, but a revision proposed last month garnered just 37 responses.

The Senate Banking Committee said it is postponing a hearing on the implementation of regulatory relief for "logistical reasons."

Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations.

There's a flurry of credit union-related activity on tap in Washington this week, but it could all get pushed aside by Hurricane Florence.