NCUA to Host Jan. 11 Webinar on Simplified CECL Tool
A Webinar on January 11 that explains how to use the agency’s simplified CECL tool.
NCUA Chairman Harper Welcomes Otsuka Nomination
Chairman Todd M. Harper issued a statement welcoming President Joseph R. Biden’s nomination of Tanya Otsuka of Virginia to the NCUA Board
President Nominates Tanya Otsuka to NCUA Board
President Joe Biden nominated Tanya Otsuka to serve on the NCUA Board Thursday.
NCUA Chairman Todd M. Harper’s Remarks at the 2023 NAFCU Congressional Caucus
“I believe the latest data do provide important insights into the current state of the credit union system, as well as the opportunities and challenges ahead.”
NCUA Prohibits Three Individuals from Participating in the Affairs of Any Federally Insured Depository Institution
The National Credit Union Administration issued three prohibition notices in August 2023.
NCUA Chairman Todd M. Harper’s Remarks at NASCUS’s State System Summit (S3)
We at the NCUA have long been fortunate to maintain a strong working relationship with NASCUS and state regulators through the years…
Financial Resources to Help Your Members
The National Credit Union Administration has released new resources that credit unions can use in their financial education programs
Cyber Incident Notification Requirements
This NCUA letter summarizes the amendments to part 748, known as the Cyber Incident Notification Requirements rule. It also provides instructions on what and how to report to the NCUA, and includes examples of both reportable and non-reportable incidents
Comment Period on MDI Preservation Program Policy Statement Closes August 28
Stakeholders have until August 28 to submit comments on the NCUA’s proposed changes to the interpretive ruling and policy statement on the agency’s Minority Depository Institution Preservation Program
NCUA Working With Credit Unions in Flooded Areas of Vermont
The NCUA is working with federally insured credit unions affected by the recent severe storms and flooding in Vermont to help protect consumers and ensure continuity of services.
Avoiding Prohibited Discrimination Practices in Automated Underwriting Systems
The NCUA is issuing a reminder that requiring manual underwriting as an exception to automated underwriting systems based on a minimum or maximum age violates ECOA and its implementing regulation, Regulation B.
NCUA Prohibits One Individual from Participating in the Affairs of Any Federally Insured Depository Institution
Agencies Update Guidance on Liquidity Risks and Contingency Planning
Federal financial institution regulatory agencies today updated their existing guidance on liquidity risks and contingency planning.
Ceres' annual Climate Risk Scorecard demonstrates federal financial regulators' progress in addressing climate risk
Regulators are transitioning away from initial stages of action toward more complex, impactful measures
2022 MDI Congressional Report
Under the Federal Credit Union Act, the purpose of the credit union system is to meet the credit and savings needs of credit union members, especially those of modest means.
Agencies Finalize Policy Statement on Commercial Real Estate Loan Accommodations and Workouts
Federal financial institution regulatory agencies today jointly issued a final policy statement on commercial real estate loan accommodations and workouts
FFIEC Announces Availability of 2022 Data on Mortgage Lending
The Federal Financial Institutions Examination Council announced the availability of data on 2022 mortgage lending transactions reported under the Home Mortgage Disclosure Act by 4,460 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies.
Simplified CECL Tool Updated for June 30, 2023
The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, factors and additional minor enhancements.
NCUA Board Approves Proposal on MDI Preservation Program
The NCUA’s Office of Credit Union Resources and Expansion briefed the Board on the agency’s efforts to modernize the charter process.
MOVEit Transfer Web Application Vulnerability
Cybersecurity and Infrastructure Security Agency issued Progress Software Releases Security Advisory for MOVEit Transfer, a Cybersecurity Alert addressing a critical vulnerability that affects the MOVEit Transfer web application.