REGular Blog
In today’s financial services environment, keeping up with the regulatory compliance landscape is challenging, and takes an ever-increasing commitment of your credit union's time and energy. Our REGular Blog is designed to keep you informed of what’s happening in the regulatory compliance world by providing not only our thought leadership and perspective, but also linking you to helpful resources from other trade associations and industry groups. From Richmond to Alexandria to Washington, stay in the know on issues to help you stay one step ahead of the regulators.
- Senate Confirms Otsuka to Serve on NCUA Board
December 20, 2023The Senate voted to confirm Tanya Otsuka to serve on the NCUA board Wednesday. Otsuka currently serves as senior counsel for the Senate Banking Committee and was nominated by President Joe Biden in September. "The Virginia Credit Union League looks forward to working with Ms. Otsuka as a member of the NCUA board," said League President/CEO Carrie Hunt. "We are excited to see her bring her talents to the credit union industry."
- NCUA Board Meeting Recap - December 2023
December 15, 2023We highlight key items of interest from the Dec. 14 NCUA Board Meeting, including the passage of the agency's 2024-2025 budget.
- League InfoSight Launches CU PolicyPro & RecoveryPro Platform
December 15, 2023League InfoSight has completed the first phase of its product combination, which brings CU PolicyPro and RecoveryPro together on a single, integrated platform! This is the first step in a larger initiative to bring InfoSight, CU PolicyPro, and RecoveryPro under a single sign-on for a seamless user experience.
- League Offers Archived Video of Dec. 6 Compliance Roundtable
December 6, 2023Your League hosted its 4th quarter Compliance Roundtable on Dec. 6. The archived webinar and other resources are now available. Our roundtables are designed to aid your team in building its compliance resources, boosting its regulatory expertise and saving time.
- League Hosting Free Compliance Webinar Dec. 6
December 4, 2023Count on your League to help you manage today's complex regulatory compliance environment. Our next quarterly Compliance Roundtable is scheduled for Dec. 6.
- NCUA Reinstates Civil Money Penalties for Late Call Report Filing
November 28, 2023The National Credit Union Administration today announced that it will reinstate assessing civil money penalties for credit unions failing to submit NCUA Form 5300 Call Report on time, effective January 1, 2024.
- League Submits Comment Letter on NCUA Budget Proposal
November 21, 2023Your League today filed its written comments on the National Credit Union Administration’s 2024-2025 budget proposal. Our written comments expand on the testimony of League President/CEO Carrie Hunt last week at the agency’s in-person public hearing.
- Regulatory Compliance Weekly Roundup: November 17, 2023
November 17, 2023Let's dig into an incredibly busy week on the regulatory front, with League President/CEO Carrie Hunt testifying on the NCUA Budget proposal, the federal banking regulators appearing before the Senate and House banking committees and CFPB revisiting medical debt and the Fair Debt Collections Act.
- NCUA Board Meeting: CAMELS Code 3 on the Rise
November 16, 2023During today's NCUA Board meeting, the Board received a quarterly update on the Share Insurance Fund. Part of this update includes data on the CAMELS codes of credit unions. While the CAMELS codes of individual credit unions are confidential, this aggregate data shows some trends and insights. Today's data shows growth in CAMELS code 3 credit unions - not only in the number of credit unions in this category but also in shares and deposits held in these credit unions.
- League Holds Virtual Meetings with NCUA Vice Chair Hauptman; Treasury Official
November 14, 2023The League last week held virtual meetings with NCUA Vice Chairman Kyle Hauptman and Assistant Secretary of the Treasury for Financial Institutions Graham Steele. During the meetings, the League and member credit unions had the opportunity to discuss marketplace, economic and regulatory issues that impact credit unions and our members.
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