ALEXANDRIA, Va. (12/12/13, UPDATED: 11:25 A.M. ET)--A final rule on charitable donation accounts has been approved at this morning's just-concluded National Credit Union Administration open board meeting.
Sens. Sherrod Brown (D-Ohio) and Rob Portman (R-Ohio) introduced bipartisan legislation today intended to would make it easier for privately insured credit unions to offer loans through the Federal Home Loan Bank system.
ALEXANDRIA, Va. (12/12/13, UPDATED: 10:25 A.M. ET)--The 2014 Temporary Corporate Credit Union Stabilization Fund Oversight Budget will be just over $4.5 million, the National Credit Union Administration said at this morning's open board meeting.
Federal regulators should be mindful of placing additional burdens on credit unions as they develop regulations that would implement provisions in the Biggert-Waters Flood Insurance Reform Act of 2012 that require a lending institution to accept private flood insurance, CUNA said this week.
Ten U.S. PIN debit networks have formed a new company, Debit Network Alliance, to provide a structure for the governance, deployment and implementation of the Euro Mastercard Visa debit standard.
Noting that social media use can impact a financial institution's risk profile, the National Credit Union Administration and its Federal Financial Institutions Examination Council partners released guidance addressing social media policy. It explores how consumer protection and compliance laws, regulations, and policies could be applied to the use of online social media platforms by financial institutions.
A charitable donation account final rule will be the top item of interest when the National Credit Union Administration holds its last open meeting of 2013 today.
A final rule that sets the definition of "qualified mortgage" for single-family residential mortgage loans was released by the U.S. Department of Housing and Urban Development Wednesday.
This month's "Community Collaboration" column from Mazuma CU focuses on how in-kind contributions support credit unions and their commitment to corporate social responsibility.
What does the Federal Reserve get for its 100th birthday later this month? Intense oversight. House lawmakers Wednesday announced the "Federal Reserve Centennial Oversight Project" for 2014, calling it an "aggressive series of hearings...that will culminate with the development of legislation to reform how the nation's central bank operates."