COVID-19 actions – Page 7 – Regulatory Report

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[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed
[ February 20, 2025 ] Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas Other

Capitalization of Interest in Connection with Loan Workouts and Modifications

December 3, 2020 0

Title: Capitalization of Interest in Connection with Loan Workouts and Modifications Subject: Loan workouts Agency: NCUA Status: Final rule; COVID response Summary: The NCUA Board (Board) seeks public comment on a proposed rule to amend […]

Temporary Asset Thresholds

December 2, 2020 0

Title: Temporary Asset Thresholds Subject: Regulatory asset thresholds Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; COVID response Summary: To mitigate temporary transition costs on banking organizations related to the coronavirus disease 2019 (COVID […]

UPDATED: Community banks could use year-end ’19 asset levels to determine regulatory thresholds in ’20, ’21 under new rule

December 1, 2020 0

Community banks could use asset data from the end of last year to determine applicability of various regulatory assets thresholds for the remainder of this year and all of next under an interim final rule […]

Fed extends four emergency lending facilities through March 31

November 30, 2020 0

Four lending facilities created to support short-term funding markets amid the COVID-19 pandemic have been extended through March 31, 2021, the Federal Reserve announced Monday. The facilities – the Commercial Paper Funding Facility (CPFF), the […]

NCUA extends virtual-meeting bylaws option through 2021 for federal credit unions

November 20, 2020 0

Federally chartered credit unions may adopt or continue following a special bylaw authorized by their regulatory agency to facilitate remote annual membership, board, or special membership meetings in 2021, the agency said in a letter […]

Eyeing COVID-19 pressures, agency proposes allowing credit unions to include unpaid interest in loan workouts

November 19, 2020 0

Credit unions would be permitted to include unpaid interest in loan workouts and modifications for all types of member loans – including commercial and business loans – under a rule proposed Thursday by their federal […]

OCC, noting Oct. 28 final rule on emergency funding facilities, rescinds prior guidance

November 3, 2020 0

A bulletin rescinding three previous ones to accommodate banking regulators’ recent rulemaking on the treatment of banks’ participation in three emergency funding facilities created to mitigate the negative impacts of COVID-19 was issued Tuesday by […]

UPDATED: Reg capital, LCR provisions to neutralize effects of participation in certain COVID-19 emergency facilities adopted as final

October 27, 2020 0

Three interim final rules in place since the spring to mitigate the effects on capital and the liquidity coverage ratio (LCR) in banks making use of certain Federal Reserve emergency funding facilities have been adopted […]

Quarles: FSB report will identify policy goals to make nonbank sector more resilient

October 20, 2020 0

A Financial Stability Board (FSB) report to the G20 Summit next month will give a diagnosis of the financial stability shock related to the coronavirus (COVID-19) pandemic and identify areas for possible policy action, including […]

Fed to unveil CRA proposal for 120-day comment period; Brainard says effort meant to ‘advance core purpose’ of statute

October 16, 2020 0

A proposed revision of anti-redlining rules is scheduled to be unveiled for public comment Monday in the Federal Register, with a 120-day comment period assigned, ending on Feb. 16, 2021. In publishing the 173-page advance […]

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Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]
GAO urges regulators to adopt rules on executive incentive compensation (after 14 years)

February 20, 2025 0

Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability Office (GAO), in a report, [...]
Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board

February 20, 2025 0

Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said the seven specific risks are: [...]
Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas

February 20, 2025 0

Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), are part of a previously [...]
Six prohibition orders issued by national bank regulator, along with agreements with two banks over ‘unsafe, unsound practices’

February 20, 2025 0

Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or unsound purposes,” the Office of [...]