National Credit Union Administration – Federal Register Recent Federal Regulation Documents

Results 701 - 750 of 1,119
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-10598
Type: Notice
Date: 2011-04-29
Agency: National Credit Union Administration, Agencies and Commissions
Corporate Credit Unions
Document Number: 2011-10108
Type: Rule
Date: 2011-04-29
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing final amendments to its rule governing corporate credit unions (corporates). The amendments include internal control and reporting requirements for corporates similar to those required for banks under the Federal Deposit Insurance Act and the Sarbanes-Oxley Act. The amendments require each corporate to establish an enterprise-wide risk management committee staffed with at least one risk management expert. The amendments require corporates conduct all board of director votes as recorded votes and include the votes of individual directors in the meeting minutes. The amendments permit corporates to charge their members reasonable one-time or periodic membership fees as necessary to facilitate retained earnings growth. For senior corporate executives who are dual employees of corporate credit union service organizations (CUSOs), the amendments also require disclosure of certain compensation received from the corporate CUSO.
Guidelines for the Supervisory Review Committee
Document Number: 2011-10103
Type: Rule
Date: 2011-04-29
Agency: National Credit Union Administration, Agencies and Commissions
This policy statement combines two Interpretative Ruling and Policy Statements (IRPSs) and adds denials of technical assistance grant (TAG) reimbursements to the types of determinations that credit unions may appeal to NCUA's Supervisory Review Committee. This new IRPS will replace the earlier IRPSs addressing the Supervisory Review Committee.
Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2011-9553
Type: Notice
Date: 2011-04-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2011-9552
Type: Notice
Date: 2011-04-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Public Law 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Agency Information Collection Activities: Submission to OMB for a New Collection; Comment Request
Document Number: 2011-9544
Type: Notice
Date: 2011-04-20
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA is submitting the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-9483
Type: Notice
Date: 2011-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-9481
Type: Notice
Date: 2011-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Incentive-Based Compensation Arrangements
Document Number: 2011-7937
Type: Proposed Rule
Date: 2011-04-14
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Federal Housing Finance Agency
The OCC, Board, FDIC, OTS, NCUA, SEC, and FHFA (the Agencies) are proposing rules to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed rule would require the reporting of incentive-based compensation arrangements by a covered financial institution and prohibit incentive-based compensation arrangements at a covered financial institution that provide excessive compensation or that could expose the institution to inappropriate risks that could lead to material financial loss.
Fair Credit Reporting Act and Bank Secrecy Act Compliance
Document Number: 2011-7911
Type: Rule
Date: 2011-04-04
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending its Bank Secrecy Act (BSA) Compliance and Fair Credit Reporting Act (FCRA) regulations involving the Fair and Accurate Credit Transactions Act of 2003 (FACTA) to make minor, non- substantive technical amendments. These technical amendments update citations in these NCUA regulations to conform to the reorganization of the Financial Crimes Enforcement Network, Department of Treasury (FinCEN) BSA regulations.
Sunshine Act; Notice Of Agency Meeting
Document Number: 2011-7608
Type: Notice
Date: 2011-03-30
Agency: National Credit Union Administration, Agencies and Commissions
Interest Rate Risk
Document Number: 2011-6752
Type: Proposed Rule
Date: 2011-03-24
Agency: National Credit Union Administration, Agencies and Commissions
NCUA proposes to amend its regulations to require Federally insured credit unions to have a written policy addressing interest rate risk (IRR) management and an effective IRR program as part of their asset liability management. NCUA also is proposing draft guidance in the form of an appendix to its regulations to assist credit unions in meeting the proposed regulatory requirement. NCUA believes a written IRR policy and an effective IRR program is key to maintaining safe and sound operations. NCUA believes credit unions will find the guidance helpful in addressing this important area of their operations.
Net Worth and Equity Ratio
Document Number: 2011-6757
Type: Proposed Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
On January 4, 2011, President Obama signed Senate Bill 4036 into law, which, among other things, amends the statutory definitions of ``net worth'' and ``equity ratio'' in the Federal Credit Union Act. NCUA proposes to make conforming amendments to the definition of ``net worth'' as it appears in NCUA's Prompt Corrective Action regulation and the definition of ``equity ratio'' as it appears in NCUA's Requirements for Insurance regulation. NCUA also proposes to make technical changes in other regulations to ensure clarity and consistency in the use of the term ``net worth,'' as it is applied to federally-insured credit unions.
Corporate Credit Unions, Technical Corrections
Document Number: 2011-6755
Type: Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
In 2010, NCUA issued technical corrections to its corporate credit union rule, published in the Federal Register of October 20, 2010. NCUA is issuing this final rule adopting the technical corrections without alteration.
Prompt Corrective Action; Amended Definition of Low-Risk Assets
Document Number: 2011-6754
Type: Rule
Date: 2011-03-23
Agency: National Credit Union Administration, Agencies and Commissions
In 2010, NCUA issued an Interim Final Rule expanding the definition of ``low-risk assets'' to include debt instruments on which the payment of principal and interest is unconditionally guaranteed by NCUA. Assets in this category receive a risk-weighting of zero for regulatory capital purposes to reflect the absence of credit risk. Having considered the public comments addressing the Interim Final Rule, NCUA is issuing this Final Rule permanently adopting the expanded definition of ``low risk assets'' without alteration.
Sunshine Act Meeting
Document Number: 2011-5984
Type: Notice
Date: 2011-03-14
Agency: National Credit Union Administration, Agencies and Commissions
Conversions of Insured Credit Unions
Document Number: 2011-5675
Type: Rule
Date: 2011-03-14
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is confirming as final a December 23, 2010, interim final rule on the definition of the phrase ``Regional Director'' in NCUA's rule on credit union to mutual savings bank conversions. For clarification purposes, this rule modifies the aforementioned definition.
Removing References to Credit Ratings in Regulations; Proposing Alternatives to the Use of Credit Ratings
Document Number: 2011-4070
Type: Proposed Rule
Date: 2011-03-01
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is proposing rules to implement certain statutory provisions in Title IX of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act). The proposed rules replace or remove references to credit ratings in NCUA regulations.
Corporate Credit Unions
Document Number: 2011-4071
Type: Rule
Date: 2011-02-24
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board is issuing a final Interpretive Ruling and Policy Statement (IRPS) setting forth the requirements and process for chartering corporate Federal credit unions.
Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2011-3792
Type: Notice
Date: 2011-02-22
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). This information collection is published to obtain comments from the public.
Sunshine Act Meeting
Document Number: 2011-3381
Type: Notice
Date: 2011-02-14
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Notice; Cancellation of Meeting
Document Number: 2011-2697
Type: Notice
Date: 2011-02-07
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-2583
Type: Notice
Date: 2011-02-04
Agency: National Credit Union Administration, Agencies and Commissions
Registration of Mortgage Loan Originators
Document Number: 2011-2378
Type: Notice
Date: 2011-02-03
Agency: Farm Credit Administration, Agencies and Commissions, Federal Deposit Insurance Corporation, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision
The OCC, Board, FDIC, OTS, FCA, and NCUA (collectively, the Agencies) are issuing a notice announcing that the initial registration period for Federal registrations required by the Secure and Fair Enforcement for Mortgage Licensing Act (the S.A.F.E. Act) and the Agencies' implementing rules issued July 28, 2010, will run from January 31, 2011, through July 29, 2011. The S.A.F.E. Act and the Agencies' final rules require employees of banks, savings associations, credit unions, or Farm Credit System (FCS) institutions as well as certain of their subsidiaries that are regulated by a Federal banking agency or the FCA (collectively, Agency-regulated institutions) who act as a residential mortgage loan originator to register with the Nationwide Mortgage Licensing System and Registry (Registry), obtain a unique identifier from the Registry, and maintain this registration.
Sunshine Act; Notice of Agency Meeting
Document Number: 2011-2167
Type: Notice
Date: 2011-01-31
Agency: National Credit Union Administration, Agencies and Commissions
Truth in Savings
Document Number: 2011-1091
Type: Rule
Date: 2011-01-20
Agency: National Credit Union Administration, Agencies and Commissions
On July 22, 2009, NCUA published a final rule amending NCUA's Truth in Savings regulation and the accompanying official staff interpretations. The final rule addressed credit unions' disclosure practices related to overdraft services, including balances disclosed to members through automated systems. This final rule amends NCUA's Truth in Savings rule and official staff interpretations to address the application of the July 2009 final rule to retail sweep programs and the terminology for overdraft fee disclosures and to make amendments that conform to the Federal Reserve Board's (Federal Reserve) final Regulation E amendments addressing overdraft services, adopted in November 2009. This rule also makes final the minor technical corrections to sample form B-12 that were part of the interim final rule.
Guidelines for the Supervisory Review Committee
Document Number: 2011-1090
Type: Notice
Date: 2011-01-20
Agency: National Credit Union Administration, Agencies and Commissions
This policy statement combines two Interpretative Ruling and Policy Statements (IRPSs) and adds denials of technical assistance grant (TAG) reimbursements to the types of determinations that credit unions may appeal to NCUA's Supervisory Review Committee. This new IRPS will replace the earlier IRPSs addressing the Supervisory Review Committee.
Sunshine Act; Meeting Notice; Matter To Be Deleted From the Agenda of a Previously Announced Agency Meeting
Document Number: 2011-596
Type: Notice
Date: 2011-01-12
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting Notice
Document Number: 2011-357
Type: Notice
Date: 2011-01-10
Agency: National Credit Union Administration, Agencies and Commissions
Accuracy of Advertising and Notice of Insured Status
Document Number: 2010-32127
Type: Proposed Rule
Date: 2010-12-30
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board proposes to revise certain provisions of NCUA's official advertising statement rule. Specifically, insured credit unions will be required to include the statement in all radio and television advertisements, annual reports, and statements of condition required to be published by law. The NCUA Board also proposes to define the term ``advertisement'' and clarify size requirements for the official advertising statement in print materials.
Fiduciary Duties at Federal Credit Unions; Mergers and Conversions of Insured Credit Unions
Document Number: 2010-32115
Type: Rule
Date: 2010-12-28
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing final amendments to its regulations covering several related subjects. The final rule documents and clarifies the fiduciary duties and responsibilities of Federal credit union (FCU) directors. The final rule amends NCUA's indemnification regulation limiting indemnification of FCU officials and employees for liability arising from improper decisions that affect the fundamental rights of credit union members, and makes conforming changes to the standard FCU and corporate credit union bylaws. In addition, the final rule adds new provisions establishing the procedures for insured credit unions merging into banks. The final rule also amends some of NCUA's existing regulatory procedures applicable to insured credit union mergers with other credit unions, conversions to mutual savings banks (MSBs), and termination of share insurance.
Conversions of Insured Credit Unions
Document Number: 2010-32308
Type: Rule
Date: 2010-12-23
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing final amendments to revise the definition of the phrase ``Regional Director'' in NCUA's rule on credit union to mutual savings bank conversions and to add the same revised definition of that phrase to NCUA's rule on conversions to nonfederal deposit insurance.
The Low-Income Definition
Document Number: 2010-32130
Type: Rule
Date: 2010-12-23
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is amending the definition of ``low-income members'' to clarify that, in determining if a credit union qualifies for a low- income designation, the comparison of credit union data, whether individual or family income data, must be with statistical data for the same category. The amendment will clarify the intention of the original regulatory text so it is consistent with the geo-coding software the agency uses to make the low-income credit union (LICU) designation.
Sample Income Data To Meet the Low-Income Definition
Document Number: 2010-32131
Type: Proposed Rule
Date: 2010-12-22
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA is proposing to permit federal credit unions (FCUs) that do not qualify for a low-income designation using the geo-coding software the NCUA has developed for that purpose to submit an analysis of a statistically valid sample of their member income data as evidence they qualify. The current rule requires, as an alternative to NCUA's geo-coding software, that member data drawn from loan applications or member surveys be used to show a majority of the members are low- income. Permitting FCUs to use a statistically valid sample of member incomes drawn from loan files or a survey will ease the burden on FCUs attempting to qualify for a low-income designation.
Share Insurance and Appendix
Document Number: 2010-32129
Type: Proposed Rule
Date: 2010-12-22
Agency: National Credit Union Administration, Agencies and Commissions
Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) \1\ provides that, on a temporary basis, the NCUA Board shall fully insure the net amount that any member or depositor at an insured credit union maintains in a noninterest- bearing transaction account. Although this insurance coverage is self- implementing, and therefore already in place, this proposed rule: clarifies the definition of the term ``noninterest-bearing transaction account;'' provides that this new insurance coverage is separate from, and in addition to, other coverage provided in NCUA's share insurance rules; and imposes certain notice and disclosure requirements.
Sunshine Act; Notice of Agency Meeting
Document Number: 2010-31495
Type: Notice
Date: 2010-12-14
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting Notice
Document Number: 2010-31391
Type: Notice
Date: 2010-12-13
Agency: National Credit Union Administration, Agencies and Commissions
Interagency Appraisal and Evaluation Guidelines
Document Number: 2010-30913
Type: Notice
Date: 2010-12-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Office of Thrift Supervision, Comptroller of the Currency
The Agencies are issuing final Interagency Appraisal and Evaluation Guidelines (Guidelines) to provide further clarification of the Agencies' appraisal regulations and supervisory guidance to institutions and examiners about prudent appraisal and evaluation programs. The Guidelines, including their appendices, update and replace existing supervisory guidance documents to reflect developments concerning appraisals and evaluations, as well as changes in appraisal standards and advancements in regulated institutions' collateral valuation methods. The Guidelines clarify the Agencies' longstanding expectations for an institution's appraisal and evaluation program to conduct real estate lending in a safe and sound manner. Further, the Guidelines promote consistency in the application and enforcement of the Agencies' appraisal regulations and safe and sound banking practices. The Agencies recognize that revisions to the Guidelines may be necessary to address future regulations implementing the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Corporate Credit Unions
Document Number: 2010-30426
Type: Proposed Rule
Date: 2010-12-06
Agency: National Credit Union Administration, Agencies and Commissions
On November 18, 2010, the NCUA Board issued a proposed rule amending its corporate credit union rule. 75 FR 73000 (November 29, 2010). NCUA has received a request to extend the comment period set in the proposed rule and has determined to extend the comment period for an additional 30 days.
Corporate Credit Unions
Document Number: 2010-29546
Type: Proposed Rule
Date: 2010-11-29
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing proposed amendments to its rule governing corporate credit unions (corporates). The amendments include internal control and reporting requirements for corporates similar to those required for banks under the Federal Deposit Insurance Act and the Sarbanes-Oxley Act. The amendments require each corporate to establish an enterprise-wide risk management committee staffed with at least one risk management expert. The amendments provide for the equitable sharing of Temporary Corporate Credit Union Stabilization Fund (TCCUSF) expenses among all members of corporates, including both credit union and noncredit union members. The amendments increase the transparency of decision-making by requiring that corporates conduct all board of director votes as recorded votes and include the votes of individual directors in the meeting minutes. The amendments permit corporates to charge their members reasonable one-time or periodic membership fees as necessary to facilitate retained earnings growth. For senior corporate executives who are dual employees of corporate credit union service organizations (CUSOs), the amendments require disclosure of certain compensation received from the corporate CUSO. In addition, this proposal would amend our regulations to limit natural person credit unions (NPCUs) to membership in one corporate credit union at any particular time and provide that a natural person credit union may not make any investment in a corporate credit union of which the natural person credit union is not also a member. These proposed amendments will further strengthen individual corporates and the corporate system as a whole.
Corporate Credit Unions, Technical Corrections
Document Number: 2010-29547
Type: Rule
Date: 2010-11-24
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing technical corrections to its corporate credit union rule, published in the Federal Register of October 20, 2010. The amendments: Correct the definition of collateralized debt obligation (CDO) in Sec. 704.2; correct the list of investments exempt from the single obligor limits and credit rating requirements in Sec. 704.6; and correct a date contained in Model Form H of Appendix A to part 704.
Sunshine Act; Notice of Agency Meeting
Document Number: 2010-28808
Type: Notice
Date: 2010-11-15
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Notice
Document Number: 2010-28795
Type: Notice
Date: 2010-11-15
Agency: National Credit Union Administration, Agencies and Commissions
Prompt Corrective Action; Amended Definition of Low-Risk Assets
Document Number: 2010-27150
Type: Rule
Date: 2010-10-28
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing this Interim Final Rule to amend the definition of ``low-risk assets'' for regulatory capital purposes. Assets in this category receive a risk-weighting of zero, reflecting the absence of credit risk. The amendment will expand the definition of ``low-risk assets'' to include debt instruments on which the payment of principal and interest is unconditionally guaranteed by NCUA as an agency of the Executive Branch of the United States.
Fixed Assets, Member Business Loans, and Regulatory Flexibility Program
Document Number: 2010-27149
Type: Rule
Date: 2010-10-28
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is revising certain provisions of its Regulatory Flexibility Program (RegFlex) to enhance safety and soundness for credit unions. Those provisions pertain to fixed assets, member business loans (MBL), stress testing of investments, and discretionary control of investments. Some of these revisions will require conforming amendments to NCUA's fixed assets and MBL rules.
Sunshine Act; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2010-26713
Type: Notice
Date: 2010-10-21
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2010-26549
Type: Notice
Date: 2010-10-20
Agency: National Credit Union Administration, Agencies and Commissions
Corporate Credit Unions
Document Number: 2010-24616
Type: Rule
Date: 2010-10-20
Agency: National Credit Union Administration, Agencies and Commissions
NCUA is issuing final amendments to its rule governing corporate credit unions. The major revisions involve corporate credit union capital, investments, asset-liability management, governance, and credit union service organization (CUSO) activities. The amendments establish a new capital scheme, including risk-based capital requirements; impose new prompt corrective action requirements; place various new limits on corporate investments; impose new asset-liability management controls; amend some corporate governance provisions; and limit a corporate CUSO to categories of services preapproved by NCUA. In addition, this rulemaking contains conforming amendments to rules governing Prompt Corrective Action (for natural person credit unions); Investments and Deposit Activities (for federal credit unions); Administrative Actions, Adjudicative Hearings, Rules of Practice and Procedure, and Investigations; and Involuntary Liquidation of Federal Credit Unions and Adjudication of Creditor Claims Involving Federally Insured Credit Unions. These amendments will strengthen individual corporates and the corporate credit union system as a whole.
Sunshine Act Meeting
Document Number: 2010-26289
Type: Notice
Date: 2010-10-18
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Submission to OMB for Review; Comment Request
Document Number: 2010-26058
Type: Notice
Date: 2010-10-15
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA submitted the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. chapter 35) (PRA). The original submission was made in connection with proposed amendments to the agency's rule governing corporate credit unions (12 CFR part 704), as approved by the NCUA Board in November, 2009 and published in the Federal Register on December 9, 2009 (74 FR 65210). In view of changes made in the final rule that affect (by reducing) the original burden estimates, as described below, OMB has requested that the agency provide another opportunity for public comment.