Compliance News
Compliance Center: NCUA Outlines Plans for Adding ‘S’ to Credit Union CAMEL Ratings
The addition would represent ‘sensitivity to market risk,’ and will require changes to NCUA systems.
Anthem
Washington DFI Accepting Comments on Rule Regulating the Frequency of Board Meetings
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.
Compliance Question of the Week
What are permissible investments for my credit union?
Regulatory Changes for Credit Unions Expected in January
The NCUA is expected to issue four final rules on Thursday, including changes to the asset threshold that defines small credit unions, an increased response time for accepting the LICU designation and other technical changes.
Regulator Meets Regulated at NCUA Listening Session in Denver
NWCUA representatives were on-hand along with credit union representatives from throughout the western states for the final NCUA Listening Session, led by NCUA Chairman Debbie Matz in Denver on Tuesday.
With S & P Downgrade, Credit Unions Should Review Investment Policies
Standard and Poor’s downgrade of the United States debt, along with dozens of U.S government related bonds issued by Fannie Mae and Freddie Mac warrants a review of credit unions’ investment policies.
Which Countries Have a Higher S & P Ranking than U.S.?
U.S. Treasury Secretary Timothy Geithner accuses Standard & Poor’s of showing “really terrible judgment†for downgrading the nation’s debt rating from AAA to AA+. Nineteen countries received better ratings from S & P.
With US Credit Rating Under Review, Contingency Plans Emerge
Some Wall Street giants are preparing to cut their use of U.S. Treasuries in favor of cash on hand as a precaution.
