The NCUA board of directors will hold their monthly meeting Thursday, Oct. 24. During the meeting, the board will consider regulatory actions dealing with nonmember deposits and field of membership.
Continue reading “NCUA board will address nonmember deposits, FOM at Thursday meeting”
New York Credit Union Association President/CEO William J. Mellin recently submitted a letter to the CFPB commenting on a proposal to raise the Home Mortgage Disclosure Act compliance threshold, and an Advanced Notice of Proposed Rulemaking examining a reduction in the number of discretionary data points that the CFPB requires mortgage lenders to collect.
Continue reading “Mellin comments on CFPB’s HMDA proposal, ANPR”
In recognition of Cybersecurity Awareness Month, the Federal Financial Institutions Examination Council will host a webinar to explore current trends in email compromise fraud. The webinar is scheduled for 1 p.m. on Oct. 23.
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New York’s credit unions have a long, established history of helping consumers, but the taxi medallion crisis is threatening that hard-earned reputation, New York Credit Union Association President/CEO William J. Mellin explained in a recent letter to NCUA Chairman Rodney Hood.
Continue reading “Mellin to NCUA’s Hood: Consider CU reputation when dealing with medallion loans”
The NCUA has extended the deadline for federally insured, low-income credit unions that want to become certified Community Development Financial Institutions to apply for qualification through the agency’s streamlined CDFI certification process. The deadline is now Nov. 30.
Continue reading “NCUA extends deadline to qualify for streamlined CDFI application to Nov. 30”
