CUNA's News Now
December 9, 2015
WASHINGTON (12/9/15)--The U.S. House Financial Services Committee continues its markup today, a markup that includes two bills with strong CUNA support. Recorded votes for both the Data Security Act of 2015 (H.R. 2205) and the National Credit Union Administration Budget... More
WASHINGTON (11/30/15)--CUNA Chief Advocacy Officer Ryan Donovan says a banker's threat to sue reinforces the need for credit unions to have a strong united voice in support of a proposal by the National Credit... More
The National Credit Union Administration (NCUA) voted today to put out for comment its proposal to modernize credit union field-of-membership rules.
CUNA has launched a full analysis of the proposal and shares early highlights.
The proposed rule would modify the definition of service facility... More
Final rules on fixed assets and stress testing schedules top the agenda for the July National Credit Union Administration board meeting.
The NCUA reissued the fixed assets proposal in March, after first proposing a rule in July 2014.
The current proposed rule would remove the 5% limit cap on fixed assets,... More
Your League this week submitted its comment letter on the National Credit union Administration's revised risk-based capital plan (RBC2). CUNA submitted its comment letter Friday. While holding firm to the view that the rule is unnecessary and should be tabled, the letters offer a number of constructive... More
NCUA Vice Chairman Rick Metsger believes federal credit unions could benefit from changes in regulations and in law to give them greater flexibility in defining their fields of membership.
“I’ve been concerned with field-of-membership issues for some time,” Metsger said, “and this is an... More
Federal regulators have approved a final qualified residential mortgage (QRM) rule, which requires investment banks to hold at least 5% of a loan's risk on their books when securitizing loans unless the loans meet the definition of a QRM. The rule also more closely aligns the definition of QRM with the... More
National Credit Union Administration Board Chair Debbie Matz announced recently that she will ask the board to consider a revised version of the risk-based capital proposal at its Jan. 15 open board meeting. Matz also said a 90-day public comment period would likely follow.
"During the six months... More
(FROM CUNA's NEWS NOW)WASHINGTON (8/8/14)--Two more U.S. senators have sent a letter of concern to the National Credit Union Administration regarding its risk-based capital proposal, bringing the total number of Senate lawmakers to weigh in to 26. That's 26% of the chamber's members. And on the House... More
The National Credit Union Administration's risk-based capital proposal received a record 2,052 comment letters by the May 28 deadline, surpassing the previous record of 1,300 received in 1995 on proposal that set all rules for federally insured corporate credit unions. The agency said all RBC letters... More
The National Credit Union Administration is seeking comments on a proposal regarding risk based capital (RBC) requirements under its prompt corrective action rules. This is easily the most important proposal that NCUA has released in years. The Credit Union National Association's analysis shows that,... More
Risk-Based Capital Rule Comments Due 90 Days From Today; Special Education Session at League Annual Meeting to Cover NCUA Proposal
The risk-based capital rule proposed by the National Credit Union Administration at its February open board meeting -- and hotly discussed by credit unions since – has been published in the Federal Register, signaling thestart of the 90-day comment period. The Credit Union National Association urged... More
Standard Tailored to Credit Unions 'Makes Sense for Today and Tomorrow'
BOSTON, Mass. (July 12, 2013) – Calling the agency’s one-size-fits-all capital requirement “outdated and insufficient,” National Credit Union Administration Board Chairman Debbie Matz said NCUA will build a “new risk-based... More
(From CUNA's News Now)
WASHINGTON (7/12/13)--The nomination of Richard Metsger to become a member of the National Credit Union Administration board is scheduled to be voted on July 16 by the Senate Banking Committee. The panel will meet in executive session at 10 a.m. (ET).
The former Oregon State... More
The National Credit Union Administration backs a bill that would allow well-capitalized credit unions to match a growing deposit base from a growing membership with capital from sources other than retained earnings--which currently is the only type of capital that counts toward capital ratio.
Under current... More