Bankowość i finanse · 20/04/2000

NCUA Amends Rule for Low-Income Credit Unions' Secondary Capital Accounts

The National Credit Union Administration (NCUA) is updating its regulations to align with its recently issued Prompt Corrective Action (PCA) rule, which grants the agency more authority to restrict principal payments, dividends, and interest on secondary capital accounts at low-income designated credit unions established after August 7, 2000.