Banks and credit unions across the country are rejoicing at the passage of the Economic Growth, Regulatory Relief and Consumer Protection Act. This much-awaited law rolls back many provisions of the Dodd-Frank Act, reducing regulatory burden at some financial institutions. Now that some banks and credit unions can roll back compliance efforts in a few […]
Should I Stay or Should I Go? Catch Third-Party Vendor Problems Before the Regulators Provide Notice of Violations
It looks like some Utah-based credit unions might be re-examining the risk of broker-dealer networking arrangements after the Utah Division of Securities petitioned to fine three independent broker-dealers a combined $2.25 million for failing to comply with regulatory requirements. Federal credit unions can’t register as broker-dealers or sell non-deposit investments directly to members. To provide […]
The National Credit Union Administration’s Supervisory Priorities for 2018 remain consistent with 2017 with an emphasis on controlling risks. The agency plans to fully implement its extended exam cycle in 2018. Well-rated credit unions with less than $50 million in assets will continue with streamlined exam procedures while the rest will undergo risk-focused examinations. Other […]
Mike Lawson of CUBroadcast interviews Ncontracts CEO, Michael Berman, and discusses mergers and acquisitions for credit unions.