Compliance

The Consumer Financial Protection Bureau plans to pay increased attention to financial literacy issues among members of the military in 2012, and that could mean new compliance issues for credit unions.

ALEXANDRIA, Va. – NCUA told credit unions the industry is heading for one of its most profitable years ever but still faces major risk as credit unions shift toward new activities.

ALEXANDRIA, Va. – NCUA said it won’t extend the monthly collection of financial data from credit unions in its Southeast Region Three, which it began almost three years ago during the biggest natural person credit union failure ever, Eastern Financial Florida CU.

ALEXANDRIA, Va. – The NCUA board will hold its first meeting of 2012 when it meets this Friday at the agency’s headquarters.

WASHINGTON-The Consumer Financial Protection Bureau may be one of the biggest question marks hanging over the compliance landscape in 2012, but one person is urging CUs to breathe easy.

WASHINGTON-NCUA will change its exam procedures in 2012 to focus examiners' time on credit unions that post the greatest risk.

ARLINGTON, Va.-A significant regulatory focus in 2011-risk management-will remain a focus in 2012.

WASHINGTON-Interest rate risk remains the primary concern for NCUA Chairman Debbie Matz heading into 2012.

WASHINGTON – Credit unions have less than a week to be in compliance with NCUA’s new rules for advertising share insurance coverage.

ALEXANDRIA, Va.-NCUA proposed last week to expand its rules governing loan participations-including the 10% "skin in the game" requirement-from the current federally chartered credit unions to cover all federally insured credit unions.