Search Results for keywords:"National Credit Union Administration"

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Search Results: keywords:"National Credit Union Administration"

  • Type:Notice
    Citation:89 FR 101052
    Reading Time:about 2 minutes

    The National Credit Union Administration (NCUA) is extending and revising the information collections it previously approved with the Office of Management and Budget (OMB) as required by the Paperwork Reduction Act of 1995. The collection includes forms related to chartering, field of membership amendments, and conversions concerning federal credit unions. Public comments on this collection are invited until January 13, 2025, and may be submitted online. The NCUA notes that an increase in applications for new charters and expansions has resulted in a higher burden in terms of time spent on these processes.

    Simple Explanation

    The people who watch over credit unions want to keep doing some paperwork to check on how credit unions are doing. They’re asking people to let them know what they think about this paperwork until January 2025 because more credit unions want to start or grow.

  • Type:Notice
    Citation:89 FR 105105
    Reading Time:about 2 minutes

    The National Credit Union Administration (NCUA) is seeking to renew and update an existing information collection process as required by the Paperwork Reduction Act of 1995. This process involves collecting information from new officials or senior executive officers of troubled or newly chartered credit unions to assess their suitability for their positions. The public is invited to provide comments on the necessity, accuracy, and methods to improve and reduce the burden of this information collection by January 27, 2025. Interested individuals can submit comments via the designated website or contact Madeleine Humm for more details.

    Simple Explanation

    The National Credit Union Administration is trying to make sure that new leaders at struggling credit unions are fit for their jobs, and they're asking people to share their thoughts on how to do this better. People can send in their ideas by January 27, 2025, but they need to do it online, which might be tricky for some.

  • Type:Notice
    Citation:90 FR 3254
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) is holding an open meeting on Thursday, January 16, 2025, at 10:00 a.m. The meeting will take place in the Board Room, located on the 7th floor at 1775 Duke Street, Alexandria, VA. Visitors are required to enter through the Diagonal Road entrance. The agenda includes discussion of NCUA's 2025 Annual Performance Plan. For more information, Melane Conyers-Ausbrooks, Secretary of the Board, can be contacted at 703-518-6304.

    Simple Explanation

    The National Credit Union Administration (NCUA) is having a meeting on January 16, 2025, where they will talk about their plans for the year. If anyone wants to go, they have to enter the building through a special door and can find more details by calling Melane.

  • Type:Notice
    Citation:86 FR 8383
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    The National Credit Union Administration wants to make sure everyone understands the true cost of borrowing money, so they're asking for feedback from people to help improve how they share this information. They're like a teacher checking their work to make sure everyone can read it and understand it better.

  • Type:Proposed Rule
    Citation:86 FR 1826
    Reading Time:about 27 minutes

    The National Credit Union Administration (NCUA) proposes changes to credit union rules to make it easier for federal credit unions to expand and serve more groups and underserved areas. They want to count shared branches, ATMs, and electronic facilities in certain networks as "service facilities," even if the credit union doesn't own them. This would help credit unions offer more services without needing to buy into a shared network. The NCUA is also considering whether online banking should count as a service facility to accommodate modern trends in financial services.

    Simple Explanation

    The NCUA wants to let credit unions use shared spaces like banks and online tools, even if they don't own them, so they can help more people. They're still thinking about how this might make it easier or harder for big and small credit unions to work.

  • Type:Rule
    Citation:86 FR 933
    Reading Time:about 12 minutes

    The National Credit Union Administration (NCUA) is updating its rules to increase the maximum civil monetary penalties to keep up with inflation, as required by several laws. These adjustments are made to ensure that penalties are effective and reflect current economic conditions. The adjustments will be effective immediately and apply to violations occurring from November 2, 2015, onwards. This rule change doesn't require public comment because it's mainly a technical update in line with legal requirements.

    Simple Explanation

    The NCUA is making the fines they can give bigger to keep up with how money changes over time, like when things get more expensive. They didn't ask anyone for ideas on this because it's just a routine update they have to do.

  • 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.

  • Type:Notice
    Citation:86 FR 11562
    Reading Time:about 2 minutes

    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.

    Simple Explanation

    The National Credit Union Administration (NCUA) wants to ask for permission to collect some information from people about their credit, and they want to do it in a way that's clear and easy to understand. They're asking for people to share what they think about this by March 29, 2021.

  • Type:Notice
    Citation:90 FR 13628
    Reading Time:less than a minute

    The National Credit Union Administration (NCUA) announced a closed meeting scheduled for 10:00 a.m. on Friday, March 21, 2025, at their board room in Alexandria, VA. The meeting was determined necessary on short notice to discuss personnel matters, which were not disclosed due to relevant exemptions. The public was informed that prior notice of the meeting could not be provided. For further inquiries, individuals were advised to contact Melane Conyers-Ausbrooks, the Secretary of the Board.

    Simple Explanation

    The National Credit Union Administration had a secret meeting to talk about some job stuff, but they didn't tell anyone about it ahead of time because they decided it was important and had to be done quickly. They aren't saying exactly what it was about, just that it needed to be private.

  • Type:Notice
    Citation:86 FR 9955
    Reading Time:less than a minute

    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.

    Simple Explanation

    The National Credit Union Administration is having a live video meeting to talk about how they are keeping everyone's money safe and discuss some new rules about sharing bank accounts. They will also talk about a special program to help people during tough times, but they haven't shared all the details yet.

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