Bankowość i finanse · 31/05/2012

NCUA Adopts New Regulations for Federally Insured Credit Unions on Loan Workouts and Nonaccrual Policies

The National Credit Union Administration (NCUA) has issued a final rule requiring federally insured credit unions to establish written policies for managing loan workouts and nonaccrual policies, aligning with industry standards and FFIEC guidelines, to report troubled debt restructured loans in their Call Reports.