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
TCCUSF, FASB And More Highlighted In CUNA Regulatory Advocacy Report
WASHINGTON (4/2/13)--This week's Regulatory Advocacy Report takes readers on a fresh tour of the hottest regulatory developments to affect credit unions.

Topics include the National Credit Union Administration's release of improved information regarding the Temporary Corporate Credit Union Stabilization Fund (TCCUSF), the Financial Accounting Standards Board's extension of a comment period on its credit loss proposal, and the Consumer Financial Protection Bureau's request for information on initiatives to promote student loan affordability, to name a few.

The Credit Union National Association's weekly members-only publication on regulatory developments shared the NCUA's questions and answers regarding the costs of the resolution of the five failed corporate credit unions through TCCUSF, as well as the agency's chart intended to explain financial projections for the fund.

CUNA has been urging the agency to provide much more information and clearer information to the credit union system on the handling of the corporate stabilization fund and CUNA senior staff Bill Hampel and Mary Dunn met with key agency officials on this again just weeks before the new information's release.

The NCUA chart shared in the RAR helps to explain the NCUA's projections for the fund.

As reported by CUNA's News Now last week, the top of the range of projected assessments has declined $900 million and total future remaining assessments are now projected to range between $1.6 billion and $3.9 billion, according to the agency. As recently as October 2012, the total range was $1.9 billion to $4.8 billion.

To read the full report, employees or volunteers of CUNA and state credit union league member credit unions can sign up below to receive the Regulatory Advocacy Report.

The Regulatory Advocacy Report is archived on cuna.org.
RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
3 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
8 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
8 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
10 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
10 hours ago