Archive

Go to:

December 2017
SMTWTFS
12
3456789
10111213141516
17181920212223
24252627282930
31
< Nov Jan >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

Packed Agenda for June 18 NCUA Board Meeting
Friday, June 12, 2015 6:40 AM

The National Credit Union Administration board will address six issues on its agenda at its meeting at 9 a.m. (CT) June 18. The meeting will be available to livestream via a link on the NCUA’s home page, NCUA.gov, 15 minutes before it begins.

Agenda items include:

  • Final interagency rule, Part 760, regarding loans in areas with special flood hazards. NCUA, the Office of the Comptroller of the Currency (OCC), Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and Farm Credit Administration are proposing to implement provisions in the Homeowner Flood Insurance Affordability Act of 2014 and possibly the Biggert-Waters amendment. The proposal establishes mandatory requirements on the escrow of flood insurance payments for loans made on or after January 1, 2016, and includes exceptions to the requirement for credit unions with assets of less than $1 billion. Also, the plan would create an exception for home equity lines of credit.
     
  • Board briefing, final interagency policy statement establishing joint diversity assessment standards. The statement would establish joint standards for assessing diversity policies and practices of the institutions regulated by NCUA, the Federal Reserve Board, the CFPB, FDIC, OCC, and the SEC.
     
  • Final interpretive ruling and policy statement (IRPS) 13-1, minority depository institution preservation program. NCUA’s IRPS would establish a Minority Depository Institution (MDI) program. The program is reflective of ones established in 1989 under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) for the FDIC and the now-defunct Office of Thrift Supervision, in response to the failure of the Federal Savings and Loan Insurance Corp.
     
  • Notice and request for comment, regulatory review in accordance with the Economic Growth and Regulatory Paperwork Reduction Act (EGRPPA). This is the third NCUA EGRPRA regulatory review. Under EGRPRA, federal financial institution regulators, with the exception of the NCUA, are required to review their rules at least once every 10 years. The NCUA voluntarily participates in this process. 
     
  • Federal credit union loan interest rate ceiling. By law, NCUA must review the rate ceiling annually. In January 2014, the board approved an 18 percent ceiling through Sept. 10, 2015. The Federal Credit Union Act generally limits the interest rate ceiling at 15 percent but can increase it after considering certain statutory criteria.
     
  • Proposed rule, Part 723, regarding member business lending (MBL). NCUA has said in its regulatory review agenda that it is examining its MBL rules.