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About
Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions.
Regulation & Supervision
Regulation & Supervision
The NCUA protects the safety and soundness of the credit union system by identifying, monitoring and reducing risks to the National Credit Union Share Insurance Fund. Backed by the full faith and credit of the United States, the Share Insurance Fund provides up to $250,000 of federal share insurance to millions of account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions.
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Analysis
The NCUA’s economists and analysts compile data on the credit union system’s financial performance, merger activity, changes in credit union chartering and fields of membership, as well as broader economic trends affecting credit unions. Users can find information on a single credit union or analyze broader nation-wide trends.
Support Services
Support Services
The NCUA provides a number of support services to the credit union system, such as providing training, grants and loans, chartering, and field-of-membership services; maintaining the health and stability of Share Insurance Fund; managing the assets of failed credit unions; and providing emergency liquidity.
Consumers
Consumers
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.
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Cybersecurity Resources
Cybersecurity Resources
Cyberattacks and cybersecurity vulnerabilities pose significant risks to the financial system. Because of vulnerabilities within the credit union industry and the broader financial system to potential cyberattacks, cybersecurity is one of the NCUA’s top supervisory priorities and a top-tier risk under the agency’s enterprise risk-management program.

CFPB Issues Correction to Final Rule on Adjusted 2020 HOEPA Threshold

19-17 / December 2019

CFPB Issues Correction to Final Rule on Adjusted 2020 HOEPA Threshold

Subject

Mortgage Lending

Status

Active

On November 29, 2019, the CFPB issued a rule correcting the Home Ownership and Equity Protection Act of 1984 (HOEPA) annual threshold adjustment in the CFPB’s final rule published August 1, 2019, in the Federal Register.

The earlier rule provided the transaction’s total points and fees threshold for HOEPA loans in 2020 would be $21,980. The November 2019 rule corrects this amount so the total points and fees threshold for transactions in 2020 with a total loan amount of less than $21,980 will be the lesser of eight percent of the total loan amount or $1,099.

The revised rule correcting the earlier rule is available in the Federal Register.

Additional Information

Credit unions can find more information about the August 1, 2019, final rule in Consumer Financial Protection Update 19-13.

Please contact the NCUA’s Office of Consumer Financial Protection with any questions at 703.518.1140 or by email at ComplianceMail@ncua.gov. Credit unions can also contact their NCUA regional office or their state supervisory authority.

Last modified on

11/05/20