The public review preceded a Board vote on the agency’s two-year budget, scheduled for Nov. 17. Public comment may be submitted until Nov. 4.
A meeting of the Financial Accounting Standards Board, Friday, included proposed changes to the Current Expected Credit Loss model of measuring credit impairment for credit unions.
Here’s what the IRS has to say about required minimum distributions; your question answered about recouping waived settlement costs on a member business loan; plus this week’s legal briefs.
Learn how to contact law enforcement in the case of a cybersecurity incident; your question answered about posting the FBI sticker; plus this week’s legal briefs.
Get the latest big announcements from the CFPB; your question answered about NSF notices; plus this week’s legal briefs.
A vote on the final version of the National Credit Union Administration’s revised risk-based capital proposal is on the agenda for the agency’s October 15 meeting.
At its monthly Board meeting, the administration also approved a final rule on capital planning and stress testing, said future Stabilization Fund assessments were unlikely, and revised its 2015 budget down by $1.3 million.
NCUA agenda set; your question answered on charging fee for dormancy; plus this week’s legal briefs.
NCUA and others encourage youth financial empowerment; your question answered on multi-party checks with one signature; plus this week’s legal briefs.
New NCUA resource center gives details on member business lending rules; we answer your question about exempt businesses filling out W-9s; plus this week’s legal briefs.
Sessions include mobile trends, credit union research, economic outlook, and plenty of humor.
Verity’s Jeremy Sankwich describes ‘leadership presence’ and how Emerging Leaders taught him to build it.
FinCEN issues guidance on recognizing human trafficking; tools for detecting representative payee fraud; and this week’s legal briefs.
Oregon Senator Jeff Merkley recently met with credit union leaders. He shared his vision to reform Senate practices and discussed examples of how the regulatory burden impacts credit unions and members.
The NCUA approved a proposed rule giving regulatory relief and greater flexibility to managing fixed assets to federal credit unions. Another headline: No Stabilization Fund assessment this year.
Campaign season is in full swing in the Northwest, and credit union advocates are keeping busy volunteering and supporting their favorite candidates.
A board member who misses more than one-fourth of the regular board meetings in any 12-month period without being excused by the board must be disqualified from serving, DFI says. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Is there a legal requirement to contact Adult Protective Services if a credit union has reason to believe that an elderly member may be a victim of abuse (financial, neglect, etc.)?”
As it nears the end of the rulemaking process for director compensation, Washington’s Department of Financial Institutions has begun accepting comments on the next order of business: regulating the frequency of board meetings.