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GAO Report Issued Early

Jan
09
GAO Report Issued Early

 

A report from the U.S. Government Accountability Office (GAO) on corporate credit unions and how the National Credit Union Administration (NCUA) addressed the crisis was issued two days ahead of schedule on January 4.  Titled, “Earlier Actions Are Needed to Better Address Troubled Credit Unions,” the report examines the collapse of several corporate credit unions and the NCUA’s response.

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Proposed NCUA CLF Changes: Credit Union Input Requested

Jan
09
Proposed NCUA CLF Changes: Credit Union Input Requested

The National Credit Union Administration (NCUA) is preparing to unveil several significant changes to the Central Liquidity Facility (CLF).  These changes will have an impact on both natural person and corporate credit unions.    

NCUA will issue FAQs later this month that describe the changes contemplated for CLF, as a result of the demise of US Central.

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NCUA Proposed Rule to Amend its RegFlex Program

Jan
07
NCUA Proposed Rule to Amend its RegFlex Program

Although it is the CFPB that has over 15 proposals and interim finals rules currently out for comment, we wanted to make sure you are also aware of the NCUA's RegFlex proposal. At its December meeting, the NCUA Board approved a proposed rule that would effectively eliminate the agency's Regulatory Flexibility program.

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Emergency Liquidity Subject of NCUA Request for Comments

Dec
22
Emergency Liquidity Subject of NCUA Request for Comments

The National Credit Union Administration Board (NCUA) has issued an advance notice of proposed rulemaking (ANPR) regarding how credit unions should maintain access to emergency liquidity.  Specifically, NCUA is seeking comments on the scope and requirements of a potential new regulation to require all federally-insured credit unions to have access to backup federal liquidity sources in times of financial

Posted By abucaida@mcua.org read more

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