Search Results for agency_names:"National Credit Union Administration"

The National Credit Union Administration (NCUA) is revising its Call Report, Form 5300, which credit unions use to submit quarterly financial and statistical data. The changes, influenced by public comments, include the removal of certain accounts and the addition of new ones to improve monitoring of credit union activities. Notable revisions involve reporting on loans to officials, assets pledged, and maturity distribution of uninsured shares, with some proposals adjusted based on feedback. The updates aim to enhance oversight while managing the reporting burden and are scheduled to be effective by March 31, 2025.

The National Credit Union Administration (NCUA) is planning to submit an information collection request to the Office of Management and Budget (OMB) concerning the Truth in Lending Act (TILA), Regulation Z. This submission is part of a review in compliance with the Paperwork Reduction Act of 1995. TILA aims to facilitate informed credit decision-making and comparisons by mandating accurate disclosure of credit costs to consumers. Public comments on the proposed information collection are invited and should be submitted by March 8, 2021.

The National Credit Union Administration (NCUA) is asking for public comments on how it can improve its communication and transparency with federally insured credit unions. They aim to make their communications more efficient and clear to reduce the unnecessary burden on credit unions. The NCUA uses various communication methods such as its website, press releases, and letters, and seeks feedback on their effectiveness. They also want suggestions on how to improve their websites, including the presentation and usefulness of financial and economic data.

The National Credit Union Administration is holding an open public meeting via live webcast due to the COVID-19 pandemic. The meeting is scheduled for 10:00 a.m. on Thursday, February 18, 2021. During the meeting, the agenda includes a briefing on the Share Insurance Fund Quarterly Report, a discussion of rules concerning Joint Ownership Share Accounts, and a briefing about the Consolidated Appropriations Act of 2021's Emergency Capital Investment Program. For more information, contact Melane Conyers-Ausbrooks, the Secretary of the Board, at the provided phone number.

The NCUA Board has finalized a rule to adjust the maximum amounts of civil monetary penalties (CMPs) it can impose, based on inflation, as mandated by the Federal Civil Penalties Inflation Adjustment Act. These adjustments, which must be made annually, are calculated by comparing the consumer price index for previous years. The new rule takes effect immediately upon publication and applies to penalties assessed for violations from November 2, 2015, onward. The adjustments are largely technical and do not require public notice or comment.

The National Credit Union Administration had planned an open meeting for 10 a.m. on April 17, 2025. However, this meeting has been cancelled. For more details, interested parties can reach out to Melane Conyers-Ausbrooks, Secretary of the Board, at 703-518-6304. This notice was documented under 90 FR 16577 with the document number 2025-06845.

The National Credit Union Administration announced a public meeting scheduled for 10:00 a.m. on Tuesday, December 17, 2024, in Alexandria, Virginia. The meeting will cover topics such as NCUA's rules on succession planning and the budget for 2025-2026. The meeting will be open to the public, and anyone interested can contact Melane Conyers-Ausbrooks, the Secretary of the Board, for more information.

The National Credit Union Administration (NCUA) Board finalized a new rule allowing certain credit unions to issue subordinated debt to boost their regulatory capital. This rule primarily affects low-income designated credit unions, complex credit unions, and new credit unions. The final rule outlines several requirements such as amending the definition of "Accredited Investor," setting disclosure guidelines, and reviewing credit unions' applications to issue subordinated debt. Additionally, it includes changes aiming to safeguard both the credit unions and the National Credit Union Share Insurance Fund (NCUSIF) from increased financial risk.

The National Credit Union Administration (NCUA) plans to submit an information collection request to the Office of Management and Budget (OMB) for review, as specified by the Paperwork Reduction Act of 1995. This request involves standards under the Fair Credit Reporting Act (FCRA), which sets guidelines for handling consumer credit information. Certain FCRA provisions have been adapted by the Consumer Financial Protection Bureau (CFPB), while others, such as those related to identity theft and card issuer duties, remain under NCUA's jurisdiction. The public is invited to provide comments by March 29, 2021.

The National Credit Union Administration (NCUA) is holding an open meeting on Thursday, February 27, 2025, at 10:00 a.m. in the Board Room on the 7th floor at 1775 Duke Street, Alexandria, VA. During the meeting, the Board will discuss the Share Insurance Fund Quarterly Report and the designation of the NCUA Board Vice Chairman. For more information, individuals can contact Melane Conyers-Ausbrooks, the Secretary of the Board, at 703-518-6304.