The National Automated Clearing House Association (NACHA) has approved proposed rules to expand the capabilities of Same Day ACH.

MD|DC Credit Union Association CEO John Bratsakis wrote in the letter to the NCUA that risk-based capital regulations put in place following the 2007 financial crisis, while well-intentioned, were not necessary as potential losses were mitigated by the NCUA and credit unions performed well.

The National Credit Union Administration has selected Robert Foster as its Chief Information Officer, effective October 14.

The Bureau of Consumer Financial Protection (BCFP) issued an interpretive final rule, clarifying the Home Mortgage Disclosure Act (HMDA) partial exemptions contained in the regulatory relief law signed earlier this year (S. 2155).

The FBI recently sent out a confidential alert warning credit unions, banks and other financial institutions that cybercriminals planned a global ATM cash-out.

Register now for the NCUA's “We’re Giving You the Share Insurance CURE – Part Two” webinar scheduled for Wednesday, August 15, beginning at 2 p.m.

The Financial Accounting Standards Board (FASB) board has proposed modifying the effective date of its Current Expected Credit Losses (CECL) standard for non-public companies, giving credit unions an extra year to prepare for the new rules.

The National Credit Union Administration (NCUA) Board today proposed delaying by one-year implementation of the risk-based capital rule (RBC) to January 1, 2020; and modifying the definition of complex credit unions from $100 million to $500 million in assets.

The NCUA has proposed a rule to provide federal credit unions with an additional alternative option to offer payday alternative loans. Under the proposed framework, PALs II loans would be permitted up to $2,000, with no minimum, and a maximum loan term of up to 12 months.

Acting Director Mick Mulvaney has selected Brian Johnson, who currently serves as Principal Policy Director at the Bureau, to assume the responsibilities of Acting Deputy Director.