The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union […]
Federal credit unions (FCUs) may invest in common stock of the Federal Agricultural Mortgage Corporation, or Farmer Mac, to the extent they must in order to serve as loan originators or sellers in the program, […]
Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National […]
The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was […]
An alert to help financial institutions identify fraud schemes targeting them and that are associated with the use of deepfake media created with generative artificial intelligence (GenAI) tools was issued Wednesday by Treasury’s financial crimes […]
Two long-time bank examiners – Robert Barnes and Kevin Greenfield – were promoted to the posts of deputy comptrollers for large bank supervision, the Office of the Comptroller of the Currency (OCC) said Wednesday. The […]
Numerous states’ deference to federal law regarding consumer personal financial-data protections has left gaps in protections for financial data and financial products and services, according to a report released Tuesday by the Consumer Financial Protection […]
The national bank regulator has named three of its examiners as “senior national bank examiners,” a rare designation that Comptroller of the Currency Michael Hsu said has been bestowed on just a “select few” examiners […]
Federally insured banks have a four-month reprieve from modernized federal deposit insurance official signage requirements under action taken Thursday by the Federal Deposit Insurance Corp. (FDIC). The FDIC Board voted during its open meeting to […]
The federal bank deposit insurance fund is still expected to reach its statutory minimum of 1.35% of insured deposits ahead of its statutory deadline of Sept. 30, 2028, agency staff said Thursday. The Federal Deposit […]
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