Compliance

NCUA examiners in 2013 will continue to focus on issues that have been a priority the last two years: general credit risk and interest rate risk from the increasing number of mortgages being booked by credit unions.

NORWALK, Conn. – Credit union executives are calling on the Financial Accounting Standards Board to exempt credit unions from a proposed rule aimed at helping public investors, which would require a variety of new disclosures on interest rate and liquidity risk from financial institutions.

Pentagon FCU is sending out a prototype short-form credit card agreement for the fourth quarter as part of the Consumer Financial Protection Bureau's project aimed at shortening consumer credit card contracts.

Wells Fargo has become the latest of the big banks to unveil simpler checking account disclosures for customers, following rollouts by JPMorgan Chase, Regions and TD Bank that started late last year.

Gigi Hyland's departure from the NCUA board could raise the specter of gridlock should the remaining two members-one Democrat and one Republican-not agree on issues going before the agency.

Commodore Perry FCU has appealed its latest examination results to NCUA, alleging that numerous findings are not just inaccurate and false, but a result of examiner retaliation.

ALEXANDRIA, Va. – NCUA on Wednesday ruled it can approve a charter change for a healthy credit union in order to facilitate its merger with another healthy credit union.

PHILADELPHIA – A federal judge has agreed to dismiss an ATM disclosure suit brought by a Pennsylvania man against Philadelphia FCU under the Electronic Funds Transfer Act, one of 20 ATM suits filed by the serial plaintiff over the past 12 months.

MARTINSBURG, W.Va. – 167th TFR FCU has contracted with NeighborBench, a cloud based platform that connects credit unions with a team of compliance experts, to help simplify compliance.

ALEXANDRIA, Va. – NCUA on Tuesday barred the former CEO of Florida A&M FCU from credit unions for conspiring with a university think tank manager to steal $134,000 in federal grant money deposited in the credit union.