The NCUA Staff Draft 2024-2025 Budget Justification

November 2, 2023 NCUA, Regulation lookup 0

Title:	The NCUA Staff Draft 2024-2025 Budget Justification
Subject:	Agency funding
Agency:	NCUA
Status:	Notice
Summary:	The NCUA’s staff draft “detailed business-type budget” is being made available for public review as required by federal statute. The proposed resources will finance the agency’s annual operations and capital projects, both of which are necessary for the agency to accomplish its mission of protecting the system of cooperative credit and its member-owners through effective chartering, supervision, regulation, and insurance. The briefing schedule and comment instructions are included in the supplementary information section.
FR Doc:	2023-24032
Date proposed:	Oct. 19, 2023
Comments due date:	Nov. 21, 2023
Effective date:
Rule compliance date:
Agency release:	NCUA Posts 2024-2025 Proposed Budget, Sets November 16 Public Briefing
Related Reg Report item(s):	Credit union regulator expects to spend $394.5 million next year, up 9.5% from ’23; will hold public briefing in November

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]

Related