Newsroom
NCUA Board to finalize rules on appraisals, fidelity bonds today
The NCUA Board today is expected to issue two final rules: One on real estate appraisals for non-residential, rural loans, and another on fidelity bonds. The board is also set to issue a proposed interpretive rule and policy guidance related to a section of the Federal Credit Union Act concerning convicted criminals and discuss the 2019 mid-session budget.
Under the NAFCU-supported proposed rule for real estate appraisals for non-residential, rural real estate-related financial transactions, the threshold to be exempt from formal appraisal requirements would increase from $250,000 to $1 million, among other reforms. If implemented, credit unions' standards would be more consistent with the changes other regulators have made for banks.
The NCUA's proposed rule on fidelity bonds aims to address four objectives (read more here), but the association has argued that rather than reduce credit unions' regulatory burden and costs, the proposed changes will actually increase them. NAFCU recommend that the agency re-evaluate the proposal and offered suggestions to improve it.
NAFCU will attend today's meeting, set to begin at 10 a.m. Eastern; it can be livestreamed via the agency's website.
Share This
Related Resources
Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public
Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing
preferred partner
Pentegra
Webinar
Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era
Strategy
preferred partner
Allied Solutions
Blog Post
Ensuring Safety and Soundness with AI
Management, Consumer Lending, FinTech
preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape. Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans. Don’t miss out on the opportunity to learn how to: Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response. Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met. Implement and utilize tabletops to regularly test the effectiveness of your IR plan. Enhance preparedness, efficiency, and confidence among responders. View On-Demand Web NAFCU digital@nafcu.org America/New_York public
Mastering Resilience in Incident Response Plans
preferred partner
DefenseStorm
Webinar
Get daily updates.
Subscribe to NAFCU today.