NCUA – Page 100 – Regulatory Report

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[ April 18, 2025 ] 2 agencies OK Capital One-Discover Bank merger conditioned on Discover’s fixes to interchange fee practices, payment of $250 million in fines, $1.225 billion in restitution FDIC
[ April 18, 2025 ] Judge blocks firing of 90% of CFPB staff, at least for now, as she studies whether action violates previous order CFPB
[ April 18, 2025 ] Bridge bank, hypothetical failure scenario no longer required in resolution planning requirements for large banks FDIC
[ April 18, 2025 ] Fed proposes changes in stress tests, including by averaging results over two consecutive years The Fed
[ April 17, 2025 ] Deepfakes can be battled with updated guidance, rules, Fed governor asserts The Fed

NCUA’s Harper selects top counsel for staff; former consumer bureau congressional liaison

July 12, 2019 0

A former Consumer Financial Protection Bureau (CFPB) congressional liaison is now the top staff aide to the newest member of the NCUA Board, the agency announced Friday. Catherine Galicia is now senior policy counsel to […]

Credit unions urged to take precautionary steps in face of oncoming Hurricane Barry

July 12, 2019 0

Steps to protect staff, and security of operations, are being advised for credit unions in the path of Tropical Storm Barry as it heads toward the Gulf Coast states, the National Credit Union Administration (NCUA) […]

NCUA final rules on appraisals, fidelity bonds slated; more

July 11, 2019 0

Credit unions may see a final rule approved next week that would remove the need to obtain real estate appraisals for certain commercial real estate loans under $1 million. The National Credit Union Administration (NCUA) […]

Recent Reg CC changes outlined for credit unions in NCUA update

July 8, 2019 0

Changes made recently to parts of Regulation CC, which implements the Expedited Funds Availability Act (EFAA), are highlighted for credit unions in a new Consumer Financial Protection Update issued Monday by the National Credit Union […]

More CUs submit diversity self assessments; some advancement noted

July 2, 2019 0

While only 81 credit unions submitted a diversity self-assessment form last year, more than half that did so (57%) reported a “leadership/organizational” commitment to diversity at their institutions, the federal credit union regulator reports. In […]

Former CU employee earns prohibition after converting $20k in funds for own use

June 28, 2019 0

A former employee of an Orange, Texas, credit union was prohibited last month from serving at a federally insured financial institution after allegedly pilfering $20,000 from the institution, the federal regulator of credit unions said. […]

Comments due July 26 on NCUA’s proposed two-year delay of risk-based capital for credit unions

June 26, 2019 0

A proposed rule to delay implementation of a risk-based capital rule for federally insured credit unions by two years to Jan. 1, 2022, is in Wednesday’s Federal Register with a public comment deadline of July […]

Regulator marks 85th anniversary of Federal Credit Union Act

June 26, 2019 0

The federal agency that regulates, supervises and insures credit unions on Wednesday launched a digital outreach initiative to promote the 85th anniversary of the Federal Credit Union Act (FCU Act), which, among other things, created […]

Delay of Effective Date of the Risk-Based Capital Rules

June 24, 2019 0

Title: Delay of Effective Date of the Risk-Based Capital Rules Subject: Capital, risk-based capital Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is seeking comment on a proposed rule that woulddelay the effective […]

Credit unions advised: payday rule’s underwriting provisions compliance date delayed by 15 months

June 24, 2019 0

Credit unions are on notice: The federal consumer financial protection agency has delayed for 15 months the mandatory underwriting provisions’ compliance date for its rule on “payday lending,” the federal regulator stated in a letter […]

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2 agencies OK Capital One-Discover Bank merger conditioned on Discover’s fixes to interchange fee practices, payment of $250 million in fines, $1.225 billion in restitution

April 18, 2025 0

A merger of Discover Bank, Greenwood, Del., into Capital One, National Association, McLean, Va., was approved by two federal banking regulators Friday on condition that Discover Bank and its affiliates satisfy requirements of a consent order that cites “deficiencies” in [...]
Judge blocks firing of 90% of CFPB staff, at least for now, as she studies whether action violates previous order

April 18, 2025 0

A federal judge blocked the Trump administration’s plan to fire approximately 1,500 staff – about 90% — at the federal consumer financial protection agency Friday, saying she was considering whether the action violated a previous order she had issued. The [...]
Bridge bank, hypothetical failure scenario no longer required in resolution planning requirements for large banks

April 18, 2025 0

Resolution plans for large banks will no longer require the institutions to use a bridge bank strategy and a hypothetical failure scenario in the plan, the federal insurer of bank deposits said Friday. In a release, the Federal Deposit Insurance [...]
Fed proposes changes in stress tests, including by averaging results over two consecutive years

April 18, 2025 0

Changes in annual stress tests for large banks – including by averaging test results over two consecutive years – were issued for public comment late Thursday by the Federal Reserve. In a release, the agency said the proposed changes in [...]
Deepfakes can be battled with updated guidance, rules, Fed governor asserts

April 17, 2025 0

Deepfakes – replicating a person’s entire identity through artificial intelligence (AI) – are on the rise, a Federal Reserve Board governor said Thursday, but he said the phony IDs can be challenged by regulators with updated guidance and rules. Speaking [...]
OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation

April 17, 2025 0

Three prohibition orders against bankers who allegedly misappropriated funds, committed fraud or committed embezzlement were made public Thursday by the national bank regulator. The Office of the Comptroller of the Currency (OCC), in a release, said it has prohibited: Nick [...]