NCUA – Page 104 – Regulatory Report

What's up

[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB
[ November 21, 2024 ] Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme The Fed
[ November 18, 2024 ] Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules Other

Agency assures no credit union data compromised in phishing attack

February 11, 2019 0

No data was compromised during a recent “spear phishing” campaign targeted at Bank Secrecy Act officers at credit unions, the federal credit union regulator said in a statement Friday. In a brief press release, the […]

Senate Banking sets Feb. 14 hearing for credit union regulator nominees Hood, Harper

February 8, 2019 0

The Senate Banking Committee is tentatively scheduled to hold a hearing on the nominations of both Rodney Hood and Todd M. Harper for seats on the National Credit Union Administration (NCUA) Board Feb. 14, according […]

Flood insurance, supervisory committee audits taken up Feb. 14 at NCUA

February 7, 2019 0

A briefing on financial regulators’ recent, joint final rule on flood insurance and a proposed rule on supervisory committee audits are the two items slated for discussion during the National Credit Union Administration (NCUA) Board […]

Technical amendments

February 6, 2019 0

Title: Technical amendments Subject: General wording, procedures Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule to make technical amendments to various provisions of the NCUA’s regulations. These technical […]

Action on credit union agency nominees cuts the ‘open seat’ number of regulators to four

February 4, 2019 0

The White House announcement Friday that President Donald Trump intends to make another nomination to fill the open seats on the board of the federal credit union regulator – for the first time in three […]

Comments due on R.E. appraisals, proposed Reg CC changes; Powell, Quarles slated to speak; NCUA agenda to come

February 4, 2019 0

The public comment periods close this week on banking agencies’ proposal to raise the real estate appraisal threshold for banks to $400,000 and, separately, a proposed adjustment in the funds-availability amounts under Regulation CC. Both […]

UPDATED: Credit union regulator nominee opens prospect for full board – first time since 2016

February 1, 2019 0

The announcement by President Donald Trump Friday of his intent to nominate former congressional staffer and National Credit Union Administration (NCUA) agency liaison to Congress Todd M. Harper to the second open seat on the […]

Credit union regulator gives thumbs up to final rule providing more flexibility in flood insurance

February 1, 2019 0

A final rule on providing more flexibility for financial institutions in securing flood insurance from private providers was adopted by the federal regulator of credit unions Thursday and announced by the agency Friday. In a […]

Former CEO of Everglades FCU barred by NCUA

January 31, 2019 0

A prohibition order barring Linda S. Pelham, a former CEO of the $35.5 million-in-assets Everglades Federal Credit Union in Clewiston, Fla., from future service in any federally insured financial institution was executed Jan. 14 and […]

CUSO registry reaffirmation, required by NCUA, opens Friday (Feb. 1)

January 31, 2019 0

A 60-day window for credit union service organizations (CUSOs) to complete their annual, required reaffirmations with the CUSO Registry maintained by the National Credit Union Administration (NCUA) opens Friday and concludes March 31. Launched in […]

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Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]
Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

November 18, 2024 0

A final rule aimed at providing a “sharper scalpel” of penalty and enforcement provisions to rules governing foreign investment in the United States was issued Monday by the Treasury Department, the agency said. The rule enhances “certain procedures” of the [...]
More days allowed for commenting on deposit insurance recordkeeping for custodial accounts

November 18, 2024 0

Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the comment period now extends to [...]