NCUA: Capitalization of Interest Rule to Assist Financially Distressed Borrowers
June 25, 2021
June 25, 2021
ALEXANDRIA, Virginia, June 25 -- The National Credit Union Administration issued the following news release:
Through a live audio webcast, the National Credit Union Administration Board held its sixth open meeting of 2021 and unanimously approved three items:
* A final rule that removes the prohibition on the capitalization of interest in connection with loan workouts and modifications.
* A final rule that would phase-in the day-one adverse effects on regul . . .
Through a live audio webcast, the National Credit Union Administration Board held its sixth open meeting of 2021 and unanimously approved three items:
* A final rule that removes the prohibition on the capitalization of interest in connection with loan workouts and modifications.
* A final rule that would phase-in the day-one adverse effects on regul . . .