The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued a statement encouraging banks to cease entering into new contracts…
The Federal Housing Finance Agency (FHFA) announced a final rule that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises). The final rule is…
The National Credit Union Administration (NCUA) held an open meeting on November 19 using live audio webcast. During the meeting, the NCUA Board approved the…
Gov. Tom Wolf signed the two bills comprising the state budget on November 23, approving the $35.5 billion state spending plan through June 30, 2021. The budget, which…
J. Mark McWatters resigned Friday from his position on the board of the National Credit Union Administration. McWatters has served on the NCUA board since…
The NCUA recently sent letter 20-FCU-04 to federal credit unions related to annual meeting flexibility during the COVID-19 pandemic. “The NCUA understands COVID-19 continues to affect federal…
CrossState Credit Union Association submitted a comment letter to the U.S. Treasury Department (Treasury) and Small Business Administration (SBA). While applauding the Treasury and SBA’s efforts to reduce…
The National Credit Union Administration Board (Board) held its November meeting and unanimously approved: A proposed rule to amend its regulations by removing the prohibition…
Federal financial institution regulatory agencies issued a joint fact sheet clarifying that bank and credit unions compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that…
In a new collaboration with CUNA Mutual Group, RISK Alerts & Resources are available on CrossState InfoSight. RISK Alerts from CUNA Mutual Group are written by industry experts and are…
