Regulation and compliance
Regulation
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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.
December 19 -
KNOXVILLE, Tenn.-The Credit Union Committee on Declaration of Grievances is getting bigger and gaining traction.
December 19 -
GRAND RAPIDS, Mich.-If the petition circulated by Randy Karnes earlier this year did one thing, it got at least some people to stop complaining behind the scenes about NCUA and the CU trade associations.
December 19 -
ASHLAND, Ky. -- Ashland CU has contracted with COMPASS 4 CUs to provide it with regulatory compliance services.
December 13 -
ARLINGTON, Va. – Arlington Community FCU has signed with COMPASS 4 CUs to provide it with regulatory compliance services.
December 13 -
LAS VEGAS – Board members were reminded that beginning in January examiners will begin reviewing credit union risk assessments and that in the board room, credit union need to be prepared to comply.
December 8 -
WASHINGTON-Credit unions may soon getter a better handle on potential additional compliance demands as the new Consumer Financial Protection Bureau has begun accepting consumer complaints related to home mortgages.
December 5 -
WASHINGTON-Credit union leaders called on Congress last week to amend required disclosures at ATMs, eliminate annual privacy notices required for members and reduce financial reporting for small credit unions in the next round of regulatory relief currently being drafted.
November 21 -
WAUSAU, Wis.-Credit unions pleaded for regulatory relief at a House Financial Services Committee field hearing here.
November 7 -
RIDGECREST, Calif.-Here on the eastern side of the Sierra Nevada Mountains, on lonely Highway 395 between Mojave and Mammoth, "prompt" is a relative term.
October 24 -
LAS VEGAS-If small credit unions did not have the same regulations imposed on them as large credit unions and banks, they would have a better chance to survive.
October 24 -
WASHINGTON – CUNA and NAFCU joined a broad coalition of banking groups urging the Federal Reserve to trim a proposal that would require broad disclosures and new liability for providers of international wire transfers, including person-to-person remittances.
October 5 -
BRIDGEWATER, N.J. – Financial Resources FCU has installed Wolters Kluwer Financial Services’ ComplianceOne solution to help document its member business lending transactions.
October 4 -
ALEXANDRIA, Va. – An internal report issued yesterday by NCUA said the agency’s examiners are negligent in enforcing supervisory agreements, resulting in the failure of numerous CAMEL 1 and CAMEL 2 credit unions over the past few years.
October 4 -
CHICAGO-For 2012, NCUA is exploring a realignment of how it deploys its examiners and the amount of time examiners spend at credit unions, according to Chairman Debbie Matz.
October 3 -
WASHINGTON – Credit unions are asking the Federal Reserve to exempt them from stiff new disclosure requirements on international remittances, one of the dozens of provisions included in the Dodd-Frank Act the Fed must implement.
September 27 -
WASHINGTON – Credit union executives and directors were broadly dubious of an NCUA initiative Chairman Debbie Matz says is de-regulatory in its aims.
September 20 -
CU Journal has assembled an overview of new state laws and regulations affecting credit unions.
September 2 -
LOS ALTOS, Calif.-The most prevalent approach today to online security and fraud prevention is not working, said one executive who spoke to Credit Union Journal.
August 15 -
WASHINGTON – As NCUA prepares to examine one-third of its rules and regs during its annual regulatory review, CUNA is again stressing that the regulator must not and cannot add to the compliance burden already on CUs.
August 8


