Compliance

There would be greater clarity-and, for that matter, brevity-in the regulations themselves, which would also help credit unions more effectively comply, says State Department FCU's Devin Lyon.

By all accounts, Nadine Vichich is looking forward to the retirement that will be coming her way sooner rather than later.

While member business lending gets a lot of the attention, reducing regulatory burden continues to be a priority for CUNA, according to CEO Bill Cheney.

NAFCU recently reiterated its call for Congress to provide broad-based regulatory relief to credit unions, outlining a five-point plan that it said would provide administrative, capital, structural, operational and data security reforms.

NCUA last week announced an initiative with state regulators and the National Association of State CU Supervisors (NASCUS) aimed at easing the way for state charters to qualify as low-income credit unions, which exempts credit unions from the cap on member business loans and allows them to raise supplementary capital.

The Consumer Financial Protection Bureau is poised for a deep and comprehensive look at the relationships between universities and financial institutions, one that some say is likely to result in new regulations and restrictions on certain practices.

At its meeting last week, the NCUA board added Treasury Inflation Protected Securities, Treasury securities indexed to the rate of inflation that are known as TIPS, as permissible investments for federally chartered credit unions.

ARVADA, Colo. – Sooper CU has selected NeighborBench to provide it with the company’s cloud-based platform that connects credit unions with a team of compliance experts.

ALEXANDRIA, Va. – NAFCU on Friday called on NCUA to give its examiners more guidance in examining the new mandated interest-rate management rules, saying its members are increasingly complaining about examiners substituting their own opinions and judgments for that of credit union management.

AUSTIN, Texas – The Texas CU Department announced today that Dan Buckley, a senior executive at Alabama’s Corporate America CU and before that a long-time NCUA corporate examiner, has been hired as Deputy Commissioner.