Reminder: FOM Comment Period Closes Soon

Northwest credit unions are critical to the conversation on the second field of membership proposal from NCUA.

Regulatory Call to Action: NCUA’s FOM Proposal Comment Deadline is February 8

Credit unions are being called to action in support of NCUA’s field of membership (FOM) proposal by the February 8 deadline. The bank lobby has piled on anti credit union rhetoric to deny consumers access to affordable financial services.

Regulatory Call to Action: NCUA’s FOM Proposal Comment Deadline is February 8

Credit unions are being called to action in support of NCUA’s field of membership (FOM) proposal by the February 8 deadline. The bank lobby has piled on anti credit union rhetoric to deny consumers access to affordable financial services.

Field of Membership Rule to be Unveiled Thursday

The proposal is expected to overhaul the current regulations, giving federally chartered credit unions flexibility to add to their fields of memberships, and giving more consumers the choice to join a not-for-profit, cooperative credit union.

Now is the Critical Moment to File RBC2 Comment Letter

Less than one month left in the comment period for the latest NCUA risk-based capital proposal. Write your letter now.

New RBC Proposal: What Does it Say, and What’s Next?

Breaking News: The NCUA last week released a much anticipated revised risk-based capital proposal.

Expect New RBC Proposal January 15

NCUA Chair Debbie Matz plans to unveil a revised RBC proposal at the board’s January 15 open meeting.

NCUA to Propose Revised RBC Rule, Open Second Comment Period

NCUA Chairman Matz says that the new proposal will include a longer implementation period and revised risk-weights, and trigger a second comment period.

Matz Committed to “Warranted” RBC Changes

Responding to Rep. Holding, Matz says that changes are in development, second comment period dependent on changes.

Online Tool to Communicate Credit Union Compliance Concerns Rolled Out

An online tool to help credit unions take concerns directly to state and federal regulators has been rolled out by the California and Nevada Credit Union Leagues.

Matz Confident NCUA Will Produce a “Sensible” RBC Rule

With the last of the NCUA’s three listening sessions complete, the regulator moves into the next phase of finalizing the risk-based capital rule.

NWCUA: We Will Continue to Advocate for a Better Rule

The NCUA will continue to hear an earful of objections to its proposed Risk-Based Capital rule. The NWCUA outlines a number of venues for more input this summer.

Keesee Urges Nation’s Small Credit Unions to Comment on Risk-Based Capital Proposal

NWCUA Board Chair Debie Keesee is urging the nation’s small credit unions to add their voices to the debate over the NCUA’s Risk-Based Capital proposal, saying that “if adopted as proposed, it will have significant negative impact on the movement, including small credit unions like yours.” Keesee, president and CEO of Spokane Media Federal Credit Union, wrote the letter on behalf of CUNA’s Small Credit Union Committee, which she chairs.

NCUA Issues Request for Comment on Proposed Flood Insurance

Credit unions have until Dec. 10 to comment on a proposed NCUA rule that would implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 that deal with private flood insurance, the escrow of flood insurance payments, and the forced-placement of flood insurance.

NWCUA Regulatory Advocacy Update: Northwest Credit Unions Respond to NCUA’s Proposed Rules

Responding to rules proposed by the NCUA in September, NWCUA Board Chair Debie Keesee and BECU’s Parker Cann urged the NCUA to consider a higher asset threshold in defining small credit unions, while Pacific Crest’s Kathie Philp suggested an alternative definition for rural district.

NCUA Extends Comment Deadline on Small Credit Union Definition

The NCUA has extended the deadline for comments for the proposed rule defining small credit unions after receiving only one comment during the initial 30-day comment period.

CFPB Seeking Comment on Prepaid Cards

The CFPB has issued an advance notice of proposed rulemaking and is now seeking comment, data and information about general purpose reloadable prepaid cards. The bureau intends to issue a proposal to extend Reg E protections to cover GPR cards.

CFPB Seeks Public Comment on Amendment to Credit Card Act Rule

The CFPB is seeking public comment on a proposal to revise a 2011 rule that the Federal Reserve Board had issued on credit card fees in response to a federal court ruling that had granted a preliminary injunction to block the rule from taking effect.