Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
RegFlex takes a hit NGNs get a boost
ALEXANDRIA, Va. (10/22/10)--The National Credit Union Administration (NCUA) on Thursday voted to assign a 0% risk weight to the NCUA Guaranteed Notes that securitize the cash flows on the legacy assets held by the conserved corporates and approved a final version of RegFlex provisions. The NGNs are being sold in a series of auctions on the open market. NCUA Chairman Debbie Matz said that the NCUA issued the low risk asset rule to help a greater number of credit unions participate in the NGN investment opportunity.
Click to view larger image NCUA board members disagree on whether to move ahead with a tightening of RegFlex rules, with Chairman Debbie Matz (center) gesturing to make a point that the agency must be "proactive" with the changes. The rule was approved with board member Michael Fryzel (left) also voting in favor, while board member Gigi Hyland (right) voted against it. (CUNA Photo).


RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
5 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
9 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
10 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
11 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
12 hours ago