Search Results for keywords:"NCUA Board"

Found 2 results

Search Results: keywords:"NCUA Board"

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  • 2025-03087 — Sunshine Act Meetings
    Type:Notice
    Citation:90 FR 10643
    Reading Time:less than a minute

    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.

    Simple Explanation

    The National Credit Union Administration is having a meeting where they will talk about how much money is safe in credit unions and choose a leader. If someone wants to know more, they can call a person named Melane.

  • 2025-00737 — Civil Monetary Penalty Inflation Adjustment
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    Type:Rule
    Citation:90 FR 3618
    Reading Time:about 12 minutes

    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.

    Simple Explanation

    The government has made a rule to change how much money they can ask people or companies to pay as a penalty when they break some rules, making sure the amounts keep up with inflation. These changes are mostly about keeping up with the cost of things, and they don’t need people to give their opinions before they happen.