NCUA
finalizes corporate CU rule, proposes changes to derivatives rule, more
The NCUA Board Thursday approved a final rule updating its corporate credit union
rules and a proposed rule to amend the agency’s derivatives rule in subpart
B to part 703 of its regulations. Of note, the board voted to remove the fourth
item – a request for information on the agency’s supervisory guidance and
communication improvements – from the meeting agenda.
5 things to know this week
NAFCU's widely-read NAFCU Today is credit union leaders' go-to source
for the latest on issues impacting the credit union industry. For those short
on time, here's a roundup of this week's top need-to-know news, including
where coronavirus relief efforts stand, a CFPB settlement with Nissan, a new advisory
from FinCEN, Fed insights into COVID-19's impact on the financial system, and PPP fraud.
This
week in Compliance: ARM advertisements, nonmember CTRs
As credit unions
work to meet the needs of more than 122 million Americans during the coronavirus
pandemic, NAFCU's award-winning Regulatory Compliance Team continues to keep
credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.
NAFCU's
Virtual CFO Summit
Attend NAFCU's Virtual CFO Summit to gain the
strategies and best practices you need to steer your CU through the recession.
