NCUA to Test Provisional Charter to Solve ‘Chicken-or-Egg’ Dilemma

NCUA to Test Provisional Charter to Solve ‘Chicken-or-Egg’ Dilemma

David Baumann of CUCollaborate reports that the NCUA will be able to start a pilot program by September designed to make it easier for organizers to start a credit union, officials from the agency’s Office of Credit Union Resources and Expansion told the agency board Thursday.

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As the NCUA Calls for Comments on Climate Change, Credit Unions and Agencies Push Back

As the NCUA Calls for Comments on Climate Change, Credit Unions and Agencies Push Back

As the NCUA calls for comments on climate change and conducts research into how it may effect federally-insured credit unions, a few agencies and credit union executives are pushing back, arguing the NCUA is ignoring bigger priorities, reports Emily Claus.

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State-Chartered Credit Unions Sign Cooperation Agreement

State-Chartered Credit Unions Sign Cooperation Agreement

Ten state credit union regulators have signed a new agreement that will govern how they will share supervision when a state-chartered credit union crosses their borders reports David Baumann.

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Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers

Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers

Following the NCUA Board’s February approval of a proposal streamlining the field of membership application process, the change is now coming under fire by community bankers, reports CUSO Magazine’s Esteban Camargo.

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NCUA Equity Ratio Drops, but Board Isn’t Panicked

NCUA Equity Ratio Drops, but Board Isn’t Panicked

The NCUA’s equity ratio dropped to 1.25% as of the end of March, but agency board members said Thursday there is no need to panic, reports David Baumann of CUCollaborate.

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House Financial Services Committee Drafts Legislation to Increase Credit Union and Bank Oversight Following Bank Failures

House Financial Services Committee Drafts Legislation to Increase Credit Union and Bank Oversight Following Bank Failures

Following the collapse of three major banks, the House Financial Services Committee has announced legislation which would require financial regulators such as the NCUA to provide semi-annual reports, detailing credit unions that underperformed on examinations, reports Emily Claus.

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Once Again, Advocates Push Marijuana Banking Bill

Once Again, Advocates Push Marijuana Banking Bill

The House has passed legislation seven times giving financial institutions a regulatory safe harbor if they provide services to marijuana-related businesses, but each time, the measure has died in the Senate, reports David Baumann. Eighth time’s the charm?

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CFPB’s Credit Card Late Fee Proposal Continues to Draw Criticism from CUNA

CFPB’s Credit Card Late Fee Proposal Continues to Draw Criticism from CUNA

In a letter to the CFPB, the Credit Union National Association details its reasons for opposing the Bureau’s proposed reduction of maximum allowable credit card late fees to $8, reports Esteban Camargo.

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As FDIC Proposes Deposit Insurance Changes, CU Trades Emphasize Parity

As FDIC Proposes Deposit Insurance Changes, CU Trades Emphasize Parity

As policymakers struggle with whether to increase deposit insurance at financial institutions—the FDIC outlined its own plan on Monday—credit union trade groups said they want banks and credit unions to be treated the same if changes are made, reports David Baumann of CUCollaborate.

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House Financial Services Committee to Consider CFPB Reform Legislation Ahead of Supreme Court Review

House Financial Services Committee to Consider CFPB Reform Legislation Ahead of Supreme Court Review

Continuing the never-ending debate on the Consumer Financial Protection Bureau, the House Financial Services Committee has announced that it will consider new legislation that would completely overhaul the organization’s structure ahead of the Supreme Court’s review of the case, reports Emily Claus.

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