NCUA
proposes amendment to RBC rule, issues RFI on digital assets, tech
The NCUA Board Thursday unanimously approved a proposed rule amending the agency's
2015 final risk-based capital (RBC) rule to provide a simple measure of capital
adequacy for complex credit unions with total assets greater than $500 million.
NAFCU has previously met with the NCUA to discuss this topic and offered support
for amendments to the RBC rule; however, NAFCU agrees with Board Member Rodney
Hood's suggestion that the board consider repealing the RBC rule entirely.
4 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 updates and resources.
New
on the Compliance Blog: FFIEC IT Handbook, CFPB mortgage servicing rule, women's leadership at CUs
As credit unions work to meet the needs of more than 124 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.
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Existing-home
sales see rise for first time in months; NAFCU expects sales to remain strong
Existing-home sales rose 1.4 percent in June to a seasonally-adjusted rate of
5.86 million units, representing a 22.9 percent increase in sales versus a year
ago. NAFCU's Curt Long analyzed the data in a new Macro Data Flash report.
