NCUA

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[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other
[ December 20, 2024 ] OCC annual report notes sound banking system, but urges banks to guard against complacency OCC
[ December 19, 2024 ] More than one-third of workers at FDIC witnessed or experienced sexual harassment, report asserts FDIC

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 […]

Final credit union succession plan rule for key positions – anticipating unplanned mergers — set to take effect in 2026

December 18, 2024 0

A revised final rule that requires federally insured credit union (FICU) boards of directors to establish succession planning processes for key positions was approved Tuesday by the board of the federal credit union regulator, which […]

NCUA Board approves $382.3 million 2025 operating budget; $13.1 million for capital, insurance fund administrative expense budgets

December 17, 2024 0

The 2025-2026 operating budgets – combined totals of $395.4 million and $419.5 million, respectively – of the National Credit Union Administration (NCUA) were approved Tuesday by the agency board on a unanimous vote of 3-0. […]

New credit union in Georgia is fourth chartered by regulator this year

December 11, 2024 0

There is a new federally chartered credit union in Atlanta, Ga., which will serve persons in Austell, Ga., a low-income community, the federal credit union regulator said Wednesday. Soul Community Federal Credit Union (FCU) in […]

Overdraft, NSF fees that blindside credit union members may spark litigation, compliance risk, agency warns

December 10, 2024 0

Overdraft or non-sufficient funds (NSF) fees that blindside members may expose credit unions to heightened reputational, consumer compliance, third-party, and litigation risk, their federal regulator warned in a letter issued Tuesday. In a Letter to […]

Delinquencies rose, net income fell at credit unions in third quarter, performance data show

December 5, 2024 0

Delinquency rates at credit unions rose in the third quarter, and net income for the cooperative financial institutions fell, according to performance data released Thursday by their federal regulator. According to the third-quarter performance results […]

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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 [...]

WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

Final credit union succession plan rule for key positions – anticipating unplanned mergers — set to take effect in 2026

NCUA Board approves $382.3 million 2025 operating budget; $13.1 million for capital, insurance fund administrative expense budgets

New credit union in Georgia is fourth chartered by regulator this year

Overdraft, NSF fees that blindside credit union members may spark litigation, compliance risk, agency warns

Delinquencies rose, net income fell at credit unions in third quarter, performance data show

Agencies jointly issue examples of risk management practices effective in combatting elder financial abuse

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

Farmer Mac stock a permissible investment for some FCUs, agency opinion states

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

WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

OCC annual report notes sound banking system, but urges banks to guard against complacency