Compliance

NCUA has issued a Letter to Credit Unions regarding multi-featured open-end lending (MFOEL) and blended lending, and one person is predicting that the number of credit unions using open-end lending will continue to decline as a result.

Saying it is seeking to better allocate resources to address areas of greater risk, NCUA will introduce the Office of National Examinations and Supervision, Jan. 1, 2013.

Few issues are as common to or discussed more often among credit unions than regulatory examinations and examiners.

Orlando Hanselman offers a checklist for complying with NCUA's new rules on interest rate risk.

NASHVILLE, Tenn. -- NCUA announced this morning it is creating an office to examine the nation’s largest credit unions, the four over $10 billion in assets and corporates, as part of a reorganization of its examinations process.

LOS ANGELES – Xceed Financial FCU, the first of nine credit unions sued over their purported overdraft practices, has agreed to an out-of-court settlement of its case, short of the suit being proclaimed a class action and with both parties agreeing to pay their own legal fees.

WASHINGTON – The credit union lobby on Tuesday urged Congress to get the new Consumer Financial Protection Bureau to ease off credit unions and focus its attention on unregulated entities and big banks.

WASHINGTON-Credit unions sent a divided message to Congress last week on the effects of the Dodd-Frank Act.

MONTPELIER, Vt.-Vermont State Employees Credit Union (VSECU) is in a legal battle with the state's Department of Financial Regulation (DFR) over the CU's use of the term "bank" and "banking" in its marketing.

Credit unions should look at the new mortgage rules being proposed by the Consumer Financial Protection Bureau with a mixture of relief and trepidation.