NCUA Board Approves Charitable Donation Account Rule
At yesterday’s NCUA Board meeting, action was taken on a number of items, including approval of a final rule on Charitable Donation Accounts (CDAs) that limits the CDA investments to 5% of a credit union’s assets (an increase from the 3% cap set in the proposed rule); approval of a scaled-down budget for the Temporary Corporate Credit Union Stabilization Fund for 2014; a proposed rule concerning home-based credit unions; and approval of a final rule that exempts certain higher-priced mortgages from its Appraisal Rule. [12/13]