National Credit Union Administration (NCUA)’s Post

The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being. #creditunions #customersuccess #customerservice #finance

The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being. #creditunions #customersuccess #customerservice #finance

The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being. #creditunions #customersuccess #customerservice #finance

The NCUA works to protect credit union members and consumers, raise awareness of potential frauds, facilitate access to affordable financial services, and educate consumers on the importance of savings and how they can improve their financial well-being. #creditunions #customersuccess #customerservice #finance

Would you call yourself small-minded? At First Commonwealth Federal Credit Union we do, because small-minded banking is about prioritizing our members' financial resilience above everything else. Learn more at https://lnkd.in/eV-xphVe

The CFPB updated its procedures for overseeing non-bank financial firms with a seemingly routine rule. However, it's now evident that the agency has split its examination and enforcement arms into separate divisions, diverging from their previous combined structure under SEFL. “Though they were under the same division, they were fairly autonomous,” says Mike G. Silver, a partner at Husch Blackwell and a former senior counsel at the agency. He notes it could make some proceedings – such as the agency’s process for putting certain non-banks under its oversight, which was the subject of yesterday’s rule – “quicker and more streamlined.” Read more (log-in may be required): https://lnkd.in/g2VKeWUa #consumerfinance #nonbanks #regulationupdate

It’s a privilege to have the Financial Times run my letter to the editor highlighting the financial stability benefits of Credit Risk Transfers (CRTs). CRTs play a vital role in enhancing financial stability by transferring risk from banks with government backstops and depositors to private funds who have sophisticated long-term investors and no government backstop.     CRTs enable banks to deploy capital more efficiently, improving credit availability, and reducing systemic risks. As Fed Chair Jerome Powell said this summer, CRTs are supported by regulators because they reduce risk on banks’ balance sheets. In fact, limiting CRTs would pose greater risks to the financial system by burdening banks with balance sheet risk.    Thankfully, regulators, banks, and market participants are embracing CRTs as a crucial tool that strengthens the resilience of the financial system. 

Today, the Financial Times published a letter to the editor from MFA President and CEO, Bryan Corbett, pushing back against a column that questioned the utility of credit risk transfers (CRT). In the letter, Corbett highlights how CRTs enhance financial stability by transferring risk from banks with depositors and government backstops to private funds who have long-term investors and no government backstop. Curtailing CRTs would increase the risk present in the banking system. Using market-based finance to derisk banks and enhance financial stability makes the financial system more resilient.    Read more: https://lnkd.in/eRJqDUxS 

The Truth About Credit Ratings and Lending Policies Credit ratings and lending policies can contribute to financial crises. Learn from past mistakes and understand the potential for an even bigger crash in the future. #CreditRatings #LendingPolicies #FinancialCrises #LearnFromMistakes #EconomicCollapse #FinancialSystem #RiskAssessment #FinancialManagement #AvoidingCrash #EconomicStability

The Truth About Credit Ratings and Lending Policies Credit ratings and lending policies can contribute to financial crises. Learn from past mistakes and understand the potential for an even bigger crash in the future. #CreditRatings #LendingPolicies #FinancialCrises #LearnFromMistakes #EconomicCollapse #FinancialSystem #RiskAssessment #FinancialManagement #AvoidingCrash #EconomicStability