Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Credit rating equivalents proposed under Dodd-Frank
ALEXANDRIA, Va. (2/18/11)--The National Credit Union Administration (NCUA) adopted a proposal Thursday that would replace or remove references to credit ratings in NCUA’s regulations as specified by a provision in the Dodd-Frank Wall Street Reform Act. The proposal would affect credit rating references for investments, counterparty transactions, as well as other uses of such references. Essentially, the agency proposal would replace references to credit ratings such as “AA” with equivalent terms like “very strong capacity to meet its financial commitments.” The proposal would also revise the NCUA’s liquidation rules (12 C.F.R. part 709) to state that the agency will use its statutory power to repudiate contracts with respect to transactions involving investments transferred by a failed credit union. Use the resource link below to see the NCUA proposal.
Other Resources

RSS





print
News Now LiveWire
.@HUDgov requires investors to delay foreclosure for a year and offers a non-profit only pool sale http://t.co/WYzQrTL3QA
1 hour ago
#DDoS attacks shorter, intense, more expensive: @VERISIGN http://t.co/zDFTPgTqQM
3 hours ago
eCommerce sites at risk of hacking as well http://t.co/q7ANQPfx2g
3 hours ago
As of Friday pm,#CUs, state CU leagues, CUNA & others had sent 1,654 comment letters on the @TheNCUA 's #RBC2015 plan http://t.co/1SKDxE1D5S
4 hours ago
#DDoS attacks can expose weaknesses that cybercriminals can exploit. http://t.co/8HGmDuCV9j
4 hours ago