Tag Archives: NCUA

Five Star will host a networking reception in Orlando Tuesday night, bringing together mortgage servicing professionals of all stripes. Here's what else is happening in The Week Ahead.

What makes one financial institution different than another? And what does that mean for CFPB oversight? Read on to see what the NCUA thinks.

New data shows membership, deposits, and lending are up for credit unions—especially on the real estate side.

NCUA Chairman Debbie Matz said that credit unions “are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”

The National Credit Union Administration passed a milestone for total amount collected from institutions for toxic RBMS saies.

For the most part, when being investigated over their pre-crisis residential mortgage-backed securities practices, the nation’s largest banks have come out having to pay billions of dollars in settlements and penalties.

A bipartisan group of U.S. Representatives is urging NCUA Chairman Debbie Matz to allow well-run credit unions to qualify for the 18-month exam cycle.

The NCUA said it plans to continue to pursue litigation in federal courts against financial institutions based on the sale of faulty RMBS that caused five corporate credit unions to collapse.

NCUA sued Wachovia, which was acquired by Wells Fargo in 2008, in 2011. The Association filed suit against Barclays, the U.S. subsidiary of the British financial services firm, in 2012. Once the settlements are completed, NCUA will dismiss pending suits against both firms in federal district courts in California, New York and Kansas. As part of the settlement, neither Wachovia nor Barclays do not admit any fault.

Compliance by states that do have an AMC regulatory body begins one year from the day the new regulations go live, which would put the deadline at the beginning of Q3 2016, according to FHFA. Compliance means adopting minimum registration and supervisory protocols for AMCs, including those that are subsidiaries of federally insured depository institutions.