News Snippets - December 2020

NCUA Board Meeting. The National Credit Union Administration (NCUA) held its November 2020 board meeting via live audio webcast and unanimously approved two items. First, the Board approved a proposed rule removing the prohibition on the capitalization of interest in connection with loan workouts and modifications. Second, the Board approved the reprogramming of unspent funds from the agency’s 2020 travel budget to fund activities relating to the COVID-19 pandemic and COVID-related renovation of the central office.

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