NCUA – Regulatory Report

What's up

[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC
[ March 31, 2025 ] Bureau follows law, makes 2024 loan level data under HMDA available CFPB
[ March 31, 2025 ] NCUA bars 6 from future work in federally insured financial institutions NCUA
[ March 28, 2025 ] CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago FDIC
[ March 28, 2025 ] CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits CFPB

NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In […]

$25.4 million TX credit union returned to members’ control

March 27, 2025 0

A small federal credit union that was placed into conservatorship in January 2023, and which apparently has a new management team in place, has been returned to the control of its members, its federal regulator […]

Credit union agency updates tool for smaller credit unions to calculate CECL

March 26, 2025 0

An updated “simplified” tool for calculating current expected credit losses (CECL) at smaller credit unions was released Wednesday by their federal regulator, the agency said. The National Credit Union Administration (NCUA) said its Simplified CECL […]

Facing White House demands to cut staffing, credit union regulator board cancels public meeting, struggling to slash workforce by reported nearly 16%

March 24, 2025 0

The public meeting of the federal credit union regulator board, set for Thursday (March 27), is now cancelled, according to a notice posted on the agency’s website over the weekend. However, according to recent reporting, […]

Agency cites ‘growing signs of concern’ in lending, earnings for credit unions in report for ‘24

March 19, 2025 0

Growing signs of concern in loan performance and earnings in 2024 across all credit unions and individual institutions are cited in their federal regulator’s annual report, issued Tuesday by the agency. The National Credit Union […]

OIG suggests credit union agency consider whether to extend CLF stock adjustment payment due date beyond March 31

March 18, 2025 0

An inspector general report on the federal credit union regulator’s liquidity facility for credit unions suggests that the regulator determine whether to seek to extend the due date for member credit unions’ annual stock adjustment […]

‘Unilateral’ decision on blocking credit union reporting of overdraft fees creates rift among regulator board members

March 17, 2025 0

A decision to rescind a requirement that credit unions publicly disclose the fees they charge for overdrafts has caused a rift along partisan lines among members of the three-person board that oversees the federal credit […]

Credit unions see sharp jump in delinquencies, ROAA decay for 2024

March 11, 2025 0

Delinquencies at credit unions in 2024 rose by 15 basis points (bp), to 0.98% of loans, compared to the previous year, their federal regulator said Tuesday in releasing year-end financial performance statistics. National Credit Union […]

First new federal credit union of 2025 will serve portion of Harris County, TX

March 11, 2025 0

Heritage Hub Federal Credit Union of Houston, Texas, will open its doors in mid-2025 to primarily serve people who live, work, worship, or attend school in an 84-census-tract community within Harris County, the federal agency […]

NCUA to end credit unions’ reporting of overdraft/NSF fee income via call report

March 3, 2025 0

Credit unions’ federal regulator is ending its one-year-old requirement that credit unions with more than $1 billion in assets report their year-to-date overdraft and non-sufficient fund (NSF) fee income, the agency says. The National Credit […]

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OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]
CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago

March 28, 2025 0

The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies said Friday. In joint releases, [...]
CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits

March 28, 2025 0

Penalties or fines related to the payment withdrawal and payment disclosure provisions of the agency ‘s 2017 payday rule will not be an enforcement or supervision priority of the Consumer Financial Protection Bureau (CFPB) beginning March 30, when the rule [...]
Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities

March 28, 2025 0

Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit Insurance Corp. (FDIC) essentially mirrors [...]
Bureau moves to vacate settlement over ‘redlining’ against small firm

March 28, 2025 0

Calling it a “harassment saga,” the consumer financial protection agency moved March 26 to vacate a 2024 settlement reached between it and a firm it previously alleged had violated the Equal Credit Opportunity Act and its regulation B. The Consumer [...]