MADISON, Wis. (10/2/13)--An article about the National Credit Union Administration's approval of changes to its fixed-asset regulation was the most-read News Now article in September. Although the amended rule did not make any substantive changes, the Credit Union National Association has said the plain language revisions, new definitions and revised wording could help credit unions with their compliance efforts. It goes into effect Nov. 18.
The top 10 articles in September included:
10. CUNA Don't Tax Tuesday Again Boosts Advocacy Efforts
WASHINGTON (9/11/13)--The newest phase of a credit union social-media advocacy blitz targeted at Capitol Hill to deliver the message "Don't Tax My Credit Union" paid off big Tuesday. It brought the total numbers of hits to the Credit Union National Association's www.DontTaxMyCreditUnion.org site to over 1 million views since being launched in May and helped the campaign generate an overall total of 850,000 messages to members of Congress.
9. Fed Doesn't Reduce QE3 Spending, Maintains Interest Rates
WASHINGTON (9/18/13)--The Federal Reserve's policymakers today again decided not to reduce its quantitative easing policy of buying $85 billion in Treasury bonds and mortgage-backed securities, saying that although market conditions have improved somewhat, the "unemployment rate remains elevated." Instead, the Federal Open Market Committee "decided to await more evidence that progress will be sustained before adjusting the pace of its purchases."
8. PPI In U.S. News: 'Don't Make CUs Die For Banks' Sins'
WASHINGTON (9/18/13)--Jason Gold, senior fellow for financial markets policy for the Progressive Policy Institute--a Washington, D.C.-based "think tank" established in 1989--took to the pages of U.S. News and World Report this week to urge loud and clear, "Don't makes credit unions die for banks' sins."
7. NCUA Sues 13 Alleging LIBOR Manipulation
ALEXANDRIA, Va. (9/23/13)--The National Credit Union Administration today filed suit in federal district court in Kansas against 13 international banks, including J.P. Morgan Chase. The suit alleges violations of federal and state anti-trust laws transacted by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system.
6. Matz Announces NCUA To Propose Stress Testing Rule
COEUR D'ALENE, Idaho (9/18/13)--National Credit Union Administration Chairman Debbie Matz announced this morning that the agency's Office of National Examinations and Supervision is drafting a requirement for annual stress tests at credit unions with assets exceeding $10 billion.
5. NCUA Issues Guidance On Loan Participation Rule
WASHINGTON (9/19/13)--The effective date for the National Credit Union Administration's new loan participation regulation is almost at hand--Sept. 23--and the agency today issued supervisory guidance on the rule.
4. NCUA Identifies States With Greatest Membership Growth
ALEXANDRIA, Va. (9/5/13)--The newest analysis of state-level data for federally insured credit unions was released this morning by the National Credit Union Administration and among its revelations: Idaho and Virginia were the top states for membership growth in the year ending in the second quarter.
3. CFPB Readies Mortgage Final Rule Changes
WASHINGTON (9/13/13)--The Consumer Financial Protection Bureau this afternoon released some details of yet another final rule amending its Ability-to-Repay, Mortgage Servicing and Mortgage Loan Originator Rules, which were originally finalized in January of this year.
2. NCUA, Fed Agencies Release Elder Abuse Prevention Guidance
WASHINGTON (9/24/13)--The National Credit Union Administration today joined six other federal financial regulators to clarify that financial institutions may report suspected elder financial abuse to appropriate authorities.
1. NCUA Approves Final Version Of Fixed-Asset Reg Changes
ALEXANDRIA, Va. (9/12/13)--The National Credit Union Administration just minutes ago approved a final version of fixed-asset regulation changes.