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3 Nov 2016, 6:18 am by Cynthia Marcotte Stamer
The News Release quotes Administrator Weil as stating: “The current level of noncompliance found in these investigations is not acceptable …WHD will continue to use every tool we have available to combat this issue. [read post]
13 Oct 2016, 9:30 pm by Justin Daniel
Circuit fixed the problem by giving the President the authority to remove the director at will, which Senator Elizabeth Warren (D-Mass.) reportedly called “a small, technical tweak,” but some groups, including the National Association of Federal Credit Unions, allegedly called for the halting of all CFPB rulemaking. [read post]
6 Oct 2016, 9:30 pm by Justin Daniel
Food and Drug Administration (FDA) in the U.S. [read post]
5 Oct 2016, 9:30 pm by Grayson C. Weeks
For example, the report points out that four different agencies—the Office of the Comptroller of the Currency (OCC), the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA)—monitor the safety and soundness of depository institutions. [read post]
3 Oct 2016, 3:03 pm by Aaron Rubin
On September 27, 2016, the Royal Bank of Scotland (“RBS”) announced a $1.1 billion settlement with the National Credit Union Administration (“NCUA”) in connection with two federal securities litigations concerning RBS’s underwriting and sale of RMBS. [read post]
29 Sep 2016, 9:30 pm by Justin Daniel
National Credit Union Administration (NCUA) announced that the Royal Bank of Scotland (RBS) will pay $ 1.1 billion to settle allegations arising from its sale of mortgage-backed securities to credit unions, a deal that the agency said will bring its collection total from financial institutions to $4.3 billion. [read post]
28 Sep 2016, 12:39 pm by Justin Cosgrove
The US National Credit Union Administration (NCUA) [official website] said [press release] Wednesday that the Royal Bank of Scotland Group (RBS) [corporate website] will pay $1.1 billion after it allegedly solid toxic mortgaged-backed securities. [read post]
20 Sep 2016, 5:11 pm by Sabrina I. Pacifici
National Security Strategy since September 11. [read post]
8 Sep 2016, 9:30 pm by Justin Daniel
The Independent Community Bankers of America (ICBA) filed suit against the National Credit Union Administration (NCUA), challenging the agency’s Member Business Loan rule, which granted NCUA-insured credit unions “greater flexibility and individual autonomy in…providing commercial and business loans. [read post]
29 Aug 2016, 1:02 pm by Timothy Tobin and Katherine Gasztonyi
” The Safeguards Rule currently only applies to those financial institutions over which the FTC has jurisdiction—not all financial institutions—for example, banks, credit unions, thrifts, investment advisers, broker-dealers, and insurance companies (for much of their activities). [read post]
25 Aug 2016, 9:30 pm by Justin Daniel
In a 3-1 decision, the National Labor Relations Board (NLRB) held that “student assistants who have a common-law employment relationship with their university are statutory employees” under the National Labor Relations Act (NLRA) and are therefore able to unionize. [read post]
23 Aug 2016, 6:29 am by Aaron Rubin
On August 15, 2016, the Ninth Circuit Court of Appeals vacated the Central District of California’s order dismissing claims brought by the National Credit Union Administration Board (“NCUA”), as liquidating agent of Western Corporate Federal Credit Union (“Wescorp”), against Nomura Home Equity Loan, Inc. [read post]
16 Aug 2016, 7:52 am by John Jascob
Jason Howard, J.D.The Ninth Circuit has vacated and remanded a case in which the lower court narrowly construed the Extender Statute contained in the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and determined that claims brought by the National Credit Union Administration Board (NCUA) were time-barred (National Credit Union Administration Board v. [read post]