The Department of Financial Services has extended by 45 days the deadline for credit unions and other financial entities to submit their London Interbank Offered Rate transition risk management plans to the department.
Continue reading “DFS extends deadline for LIBOR transition risk management plans”
The CFPB issued a policy statement on Jan. 24 that provides guidance on applying the “abusiveness” standard in supervision and enforcement matters.
Continue reading “CFPB issues guidance on ‘abusive’ acts or practices”
Longtime credit union leader and former New York Credit Union Association Board Chairman Patrick G. Calhoun died last week at the age of 72.
Continue reading “Patrick Calhoun, former Association chairman and SEFCU CEO, passes away”
Despite the matter of taxi medallions nowhere on the NCUA Board agenda yesterday, several members of the New York Taxi Workers Alliance attended the meeting, many holding signs saying “Don’t sell us out” and Debt forgiveness now!”
Continue reading “Subordinated debt for credit unions among items approved by NCUA board”
