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NCUA Finalizes Rule on Derivatives

Jan
27
NCUA Finalizes Rule on Derivatives

The National Credit Union Administration (NCUA) Board adopted a final rule last week to provide limited derivatives authority for federal credit unions to mitigate interest rate risk (IRR), which the Missouri Credit Union Association (MCUA) supported in its Comment Letter, dated

Posted By Sharon Bahr read more

CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

Dec
19
CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

The Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA), and other federal financial regulators adopted a supplemental rule that amends Reg Z-changes made by a January 2013 final rule* regarding appraisals for “higher-priced mortgage loans” (HPML)— formerly referred to as “higher-risk mortgages.” For certain mortgages with an APR that exceeds the average prime of

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Missouri Events at the 2014 GAC / Hotel and Scholarship Deadline Approaching

Dec
11
Missouri Events at the 2014 GAC / Hotel and Scholarship Deadline Approaching

The Missouri Credit Union Association (MCUA) is hosting several events for Missouri attendees during the Credit Union National Association's Governmental Affairs Conference (GAC) in Washington, D.C.

Posted By Sharon Bahr read more

2014 GAC Approaches, Missouri Room Block Filling Up

Nov
18
2014 GAC Approaches, Missouri Room Block Filling Up

Don’t miss the chance to represent Missouri credit unions at the Governmental Affairs Conference (GAC) on February 23-27 in Washington, D.C. GAC is the national credit union advocacy event of the year. A limited number of rooms remain available in the Missouri block, so act quickly to secure a spot.

Posted By Nora Revie read more

Crash the GAC: Missouri Scholarship Available

Nov
11
Crash the GAC: Missouri Scholarship Available

If you haven’t attended the Credit Union National Association’s Governmental Affairs Conference (GAC) and have always wanted to go - here is your chance. Applications are now open to Missouri young professionals (age 30 and younger) to Crash the 2014 CUNA GAC.

The Missouri Credit Union Association (MCUA) is partnering with the Cooperative Trust and Credit Union National Association (CUNA) to make the 2014 “Crash the GAC” event bigger and better than ever. The goal is to have crashers from every state and Washington, D.C.

Posted By Amy McLard read more

MCUA Files Comment Letter with HUD on Proposed QM Rule

Nov
09
MCUA Files Comment Letter with HUD on Proposed QM Rule

The Missouri Credit Union Association (MCUA) supports some aspects of the U.S. Department of Housing and Urban Development’s (HUD) proposed Federal Housing Administration Safe Harbor QM Threshold definition, but also offered changes to clarify parts of the proposal, in a comment letter filed last week.

Posted By Nora Revie read more

MCUA Raises Concerns About QMs, Disparate Impact in Comment Letter on Credit Risk Retention

Nov
05
MCUA Raises Concerns About QMs, Disparate Impact in Comment Letter on Credit Risk Retention

The Missouri Credit Union Association (MCUA) has filed a comment letter on an interagency proposed rule regarding credit risk retention, including a proposed definition of “qualified residential mortgage” (QRM), which is identical to the CFPB’s “qualified mortgage” (QM) definition.

Posted By Nora Revie read more

Cybersecurity Update: NIST Preliminary "Critical Infrastructure" Cyber Framework

Nov
01
Cybersecurity Update: NIST Preliminary "Critical Infrastructure" Cyber Framework

Last week, the National Institute for Standards and Technology (NIST) issued a new request for comment on the preliminary version of its cybersecurity framework to implement parts of the President’s Executive Order on “critical infrastructure” cybersecurity

Posted By Sharon Bahr read more

MCUA Files Comment Letter on Charitable Donation Accounts

Oct
22
MCUA Files Comment Letter on Charitable Donation Accounts

Charitable Donation Accounts (CDAs) are hybrid charitable and investment vehicles. They must primarily benefit a charity, such as the National Credit Union Foundation. However, the accounts would also allow federal credit unions to make investments that are otherwise prohibited and could have a higher return as long as the majority of the returns are provided to charities.

Posted By Sharon Bahr read more

MCUA Does Not Agree with NCUA That New Rule on Electronic Filing is Needed

Sep
03
MCUA Does Not Agree with NCUA That New Rule on Electronic Filing is Needed

Rather than moving ahead with a proposal to require electronic filing by all credit unions, the National Credit Union Administration (NCUA) should instead encourage these credit unions to move toward electronic filing in a reasonable time, with a new rule, the Missouri Credit Union Association (MCUA) said in a

Posted By Sharon Bahr read more

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