Senators Concerned CDFI Fund May Be Circumventing Regulatory Process
The leaders of the Senate Community Development Finance Caucus are questioning whether CDFI Fund officials are short-circuiting the regulatory process as they consider major changes to the program, reports David Baumann of CUCollaborate.
New Chairman of Subcommittee on Financial Institutions Supports Cannabis Banking
Representative Andy Barr, a Republican from Kentucky’s 6th district, was chosen to lead the Subcommittee on Financial Institutions and Monetary Policy, which was previously known as the Subcommittee on Consumer Protection and Financial Institutions, reports Esteban Camargo.
Rating Examiners for a Stronger Cooperative System
While private businesses have incorporated user reviews to improve satisfaction, but few such examples exist between governor and governed. Chip Filson argues why credit unions needs a way to review examiners to improve the system.
NCUA: Deposit, Assets, and Loans Grew in Year Ending Q3
David Baumann of CUCollaborate examines the various areas of growth credit unions experienced in the third quarter of 2022, per the NCUA’s report.
NCUA Responds to Budget Criticism by Cutting $6.7 Million from Planned 2023 Increase
In response to the vocal criticism of the proposed 9.6% increase to NCUA’s operating budget for 2023, the board finalized its spending plan with $6.7 million cut from the final numbers reports Esteban Camargo.
NCUA: More People Joining Credit Unions, But CU Numbers Dropping
CUCollaborate’s David Baumann reports on the latest finding from the NCUA’s quarterly credit union data summary for the third quarter of 2022.
NCUA Establishes Asset Management and Assistance Center as Independent Office
On December 1st, 2022, the NCUA voted to re-establish the Asset Management and Assistance Center as an independent entity. Emily Claus reports on the reasons and logistics behind the change.
What Impact Did the Massive NCUA 5300 Call Report Changes Have?
Karen Sorensen delves into the background and aftermath of the 5300 call report revamp made by the NCUA earlier this year, explaining what changes were made and how credit unions have adapted.
NCUA Doubles Down on Budget Needs Citing Fraud
Citing an increase of fraud found during onsite examinations, NCUA Chair Todd Harper continues to argue for the need of in person audits and the budget to go with them.
NCUA’s Spooky Budget Increase Could Be Curbed By Expanding, Not Reducing, Remote Examinations
NCUA proposed a big increase to its operating budget in 2023, and many have come out in opposition. Esteban Camargo provides a little detail on the budget proposal, responses to it, and why the NCUA should reconsider its plans.
