Compliance Center: NCUA Issues Final Rule on Derivatives to Mitigate Interest Rate Risk

The National Credit Union Administration board has adopted the final rule to give federal credit unions limited authority to use derivatives to mitigate interest rate risk. Also in today’s Anthem: Legal Briefs and the Question of the Week: What happens to a guardianship when the incapacitated person passes?

Exploration of the NCUA Credit Union Derivatives Rule

The NCUA is proposing allowing well-managed credit unions to purchase limited amounts of simple derivatives. Our Compliance team takes a deep dive into what is known so far about the proposed rule.

NWCUA Regulatory Advocacy Update: Association Comments on Use of Derivatives and Remittance Transfers

The weekly Regulatory Advocacy Update outlines the NWCUA’s efforts to reduce the regulatory burden on credit unions and protect the larger movement. Included here are updates on the NCUA, CFPB and upcoming comment deadlines.

National News: CUNA Backs SEC’s Swap Clearing Exemption

The Securities and Exchange Commission’s (SEC) proposal to exempt credit unions with under $10 billion in assets from mandatory securities-based swaps clearing requirements has the backing of the Credit Union National Association (CUNA), but CUNA would like it to go even further.