06/30/10: House-Senate conference on regulatory reform meeting 06/29. The panel reconvened last evening to address concerns regarding a bank "tax" to pay for the reform bill's new costs.
Wednesday, June 30, 2010
OFAC blocked persons designation
Community Development Financial Institutions Capital Magnet Fund application
Small Business Administration 'peg' rate
Tuesday, June 29, 2010
House-Senate conference report on regulatory reform
06/29/10: Dodd-Frank Wall Street Reform and Consumer Protection Act. Conference report. This provides links to the full conference report (awaiting House and Senate action) and a summary.
Federal Reserve Board final rule under Credit CARD Act
NCUA posts 2nd DVD on corporate credit unions
06/29/10: NCUA posts Track 2 video on corporate credit unions. Announcement. This is the second of three videos (DVD) provided on the history of corporate credit unions, current problems and plans for addressing them.
Department of Housing and Urban Development information collection
Monday, June 28, 2010
Highlights of House-Senate conference report on regulatory reform; C-SPAN coverage
06/28/10: Statement on conference report on H.R. 4173. From House Financial Services Committee; provides highlights of final report. The package awaits passage of the House and Senate.
NCUA places Arrowhead Central CU in conservatorship
06/28/10: Arrowhead Central CU of San Bernardino, Calif., in conservatorship. NCUA. The credit union has $876 million in assets and 152,000 members.
- Announcement PDF
NCUA slates special board meeting
06/28/10: NCUA Board to hold closed meeting. NCUA.
Closed meeting is 11 a.m. 06/30/10.
Closed meeting is 11 a.m. 06/30/10.
FDIC update of failed institutions list
FDIC final rule, transaction account guarantee program
Financial Crimes Enforcement Network proposed rule, money services businesses
OFAC blocked persons designation lifted
OFAC blocked persons designation lifted
Friday, June 25, 2010
House-Senate conference committee completes work on reform bill
06/25/10: House-Senate conference on reform concludes. Committee approved the amended bill, 27-16. Statement issued by Sen. Chris Dodd, D-Conn.
NCUA final rule on chartering and field of membership
OFAC blocked persons designation
HUD interpretive rule under RESPA
Thursday, June 24, 2010
House-Senate conference panel on regulatory reform continues deliberations
06/24/10: House-Senate conference on reform continues. The conference committee meets at 9:30 a.m. today, covered by C-SPAN.
Federal Reserve Board payment system risk policy
Wednesday, June 23, 2010
House-Senate conference on regulatory reform resumes today
06/23/10: Regulatory reform conference continues, with C-SPAN coverage.
NCUA letter to CUs regarding lapse in National Flood Insurance Program
06/23/10: NCUA Letter 10-CU-08, Guidance for National Flood Insurance Program Authority Lapses.
Letter is dated 06/2010.
NCUA letter to CUs regarding prudent commercial real estate loan workouts
06/23/10: NCUA Letter 10-CU-07, Commercial Real Estate Loan Workouts.
Letter is dated 06/2010.
Tuesday, June 22, 2010
House-Senate conference on financial industry regulatory reform
06/22/10: House-Senate conference panel resumes work today. C-SPAN coverage continues.
NCUA letter to federally insured credit unions on stabilization assessment
06/22/10: NCUA Letter 10-CU-09. Letter to federally insured credit unions explains the board's decision to assess a 13.4bp stabilization assessment.
- NCUA Letter PDF
NCUA Board special meeting notice in Federal Register
Monday, June 21, 2010
Hearings slated on Home Mortgage Disclosure Act, rules
NCUA Board to hold special meeting
06/21/10: Special board meeting. Announcement. NCUA.
Meeting is 9:30 a.m. 06/24/10.
OFAC blocked persons designation lifted
Friday, June 18, 2010
NCUA Board approves 13.4bp stabilization assessment, chartering final rule
06/18/10: Action items, reports from 06/17 open NCUA Board meeting. The stabilization assessment, totaling $1 billion, will be billed in July, due in August and recorded on mid-year call reports. The share insurance fund was at 1.22 percent May 31 (preliminary). All actions were approved 3-0 except the delegations of authority (Hyland voting no).
- Final Rule - Part 701 of NCUA's Rules and Regulations, Interpretive Ruling and Policy Statement (IRPS) 10-1, NCUA's Chartering and Field of Membership Policies. Item 1a; Item 1b
- Delegations of Authority - Chartering. Item 2a; Item 2b
- Insurance Fund Report. Item 3a; Item 3b
- Temporary Corporate Credit Union Stabilization Fund Accounting Standard. Item 4a
- Temporary Corporate Credit Union Stabilization Fund Payment of Insured Shares. Item 5a; Item 5b
- Temporary Corporate Credit Union Stabilization Fund Assessment. Item 6a
Statement by NCUA chairman on stabilization assessment
06/18/10: Matz statement on stabilization assessment. NCUA.
- Statement PDF
House-Senate conference on regulatory reform
06/18/10: Archive of 06/17 House-Senate conference deliberations.
OFAC final rule, Iranian sanctions
Thursday, June 17, 2010
House-Senate conference on financial industry regulatory reform
06/17/10: Conference committee to meet today. A House offer for todays discussion was released; the panel meets at 11 a.m. and will be covered by C-SPAN.
NCUA notice of application period for revolving loan fund
NCUA Federal Register notice of change in meeting agenda
Wednesday, June 16, 2010
House-Senate conference continues on H.R. 4173, financial industry regulatory reform
06/16/10: C-SPAN coverage of reform conference continues. The conference committee meets again today at 11 a.m.
NCUA issues revised board meeting agenda
06/16/10: NCUA removes item from board meeting agenda. The agency has deleted a proposed rule on interest-rate-risk policies from the 06/17 open meeting agenda; it added to the closed meeting agenda.
OFAC blocked persons designation
OFAC blocked persons designation lifted
Tuesday, June 15, 2010
NCUA releases audited financial statements
06/15/10: NCUA releases audit opinions on 2008-2009 financial reports. These are for the agency's operating fund, the National Credit Union Share Insurance Fund, the Central Liquidity Facility and the Community Development Revolving Loan Fund. The audit report on the Temporary Corporate Credit Union Stabilization Fund is expected soon.
FDIC update of failed institutions list
Federal Reserve Board; correction to Reg E final rule
Veterans Affairs final rule/removal of redundant regulations
Monday, June 14, 2010
Credit union purchase of bank assets
06/14/10: NCUA approves CU purchase and assumption of bank assets, deposits. Royal CU received approval to purchase certain deposits and branch offices from Anchor Bank. Both are in Wisconsin.
- Announcement Link
NCUA open board meeting agenda in Federal Register
NCUA expands types of grants for low-income credit unions
06/14/10: NCUA expands grants for financial education, secondary capital. NCUA says it is adding grants for financial education and for credit unions to develop plans to apply for secondary capital from Treasury's Community Development Capital Initiative.
Friday, June 11, 2010
House-Senate conference on financial industry regulatory reform
06/11/10: Base text for mark-up; summary of House-passed reform provisions included in Senate bill. House-Senate conferees on H.R. 4173, are using the Senate version as the base text for their work. They held their first meeting Thursday; the next one is 06/15. C-SPAN is providing coverage.
NCUA Board meeting agenda
06/11/10: NCUA Board meeting agenda for 06/17/10. Notice.
Open meeting is 10 a.m. 06/17/10; closed meeting is 11:30 a.m. Link
Open meeting is 10 a.m. 06/17/10; closed meeting is 11:30 a.m. Link
Department of Housing and Urban Development information collection
Thursday, June 10, 2010
House-Senate conference committee on regulatory reform meets today
06/10/10: House-Senate conference on H.R. 4173, financial industry regulatory reform. House Financial Services Chairman Barney Frank, D-Mass., announced the conference will be covered on C-SPAN. The conference committee is due to meet for the first time today, at 2:15 p.m. Eastern. It will be working from the Senate-passed version of the reform bill.
NCUA releases first of three videos on corporates
06/10/10: NCUA releasing videos on corporate credit unions. This is the first of three tracks that will be made available and focuses on history of corporates, services. Problems leading to the current situation will be address in later tracks.
Wednesday, June 9, 2010
Interagency guidance on bargain purchase gains in acquisitions
06/09/10: Interagency Supervisory Guidance on Bargain Purchases and FDIC- and NCUA-assisted Acquisitions. NCUA, Federal Reserve Board, FDIC, Office of Thrift Supervision, Office of the Comptroller of the Currency.
Guidance effective immediately.
Tuesday, June 8, 2010
Federal Reserve Board Consumer Advisory Council to meet
NCUA webinar scheduled 06/28
06/08/10: NCUA Virtual Town Hall. Announcement.
Webinar is set for 3-4:30 p.m. Eastern.
Monday, June 7, 2010
Federal Housing Finance Agency proposed rule
Friday, June 4, 2010
Federal Trade Commission final rule, disclosure of non-federally insured status
Thursday, June 3, 2010
Department of Housing and Urban Development advance notice of proposed rulemaking
First-quarter credit union call report data out
06/03/10: NCUA releases first-quarter call report results for federally insured credit unions. Assets grew 5.86 percent on annualized basis; loans were down 4.76 percent, shares were up 10.94 percent.
CORRECTED: NCUA extends corporate share guarantee program
06/03/10: NCUA announces extension of Temporary Corporate Credit Union Share Guarantee Program. This is in addition to the corporate CU share guarantee program approved May 20.
- Announcement Link
Wednesday, June 2, 2010
Notice of Funds Availability, Financial Education and Counseling Pilot Program
Tuesday, June 1, 2010
NCUA Letter to CUs 10-CU-06
06/01/10: NCUA Letter to CUs; interagency advisory on interest rate risk. This transmits an interagency letter on interest-rate risk that was published in January (and posted on this website).
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