NCUA – Page 107 – Regulatory Report

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[ 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

House committee chairwoman calls on agencies to provide guidance to FIs serving federal workers affected by shutdown

January 11, 2019 0

All federal financial institution regulatory agency leaders are being urged to “consider the needs of consumers who may be experiencing temporary financial hardship in meeting credit obligations as a result of the Trump shutdown” by […]

OIG report on investigation of NCUA chair, COS expenditures published

January 11, 2019 0

A May 2018 report on a now-closed inspector general investigation into an anonymous complaint that the National Credit Union Administration (NCUA) Board chairman and the agency’s chief of staff incur “extravagant” travel expenditures was published, […]

Agency performance plan, IL business loan rule on NCUA Board’s Jan. 17 agenda

January 10, 2019 0

The brief agenda released Thursday for the federal credit union regulator’s first open board meeting of 2019 includes one regulatory matter for consideration – Illinois’ member business loan rule – as well as the year’s performance plan […]

Credit union regulator lists BSA, CECL, IT issues as top supervisory priorities in 2019

January 8, 2019 0

Supervisory priorities and examination plans affecting federally insured credit unions in 2019 – including full implementation of an extended exam cycle for certain well-run institutions – are outlined in a Letter to Credit Unions issued […]

NCUA announces website revamps, cites easier access to information

January 8, 2019 0

The federal credit union regulator’s industry-facing and consumer-facing websites have been redesigned with the aim of making it easier for credit unions and consumers to find relevant information, the agency said in a release Tuesday. […]

NCUA consolidates five regional offices into three under restructuring

January 7, 2019 0

A consolidation from five to three regional offices is now complete for the nation’s federal credit union regulator in the latest phase of an agency-wide restructuring that began in 2017, the agency said in a […]

Week ahead: Federal Reserve leaders to speak, credit union regulator releases monthly meeting agenda

January 7, 2019 0

Public remarks by the chairman and vice chairman of the Federal Reserve and release of the agenda by the board of the federal credit union regulator for their first meeting in 2019 mark the week […]

Streamlined CDFI certification process open at NCUA Jan. 13 to Feb. 9

January 3, 2019 0

Federally insured credit unions that have a “low-income” designation from the federal credit union regulator can seek to participate in that agency’s streamlined community development financial institution (CDFI) certification process from Jan. 13 through Feb. […]

At least half dozen seats on regulator boards open for nominations in new year

January 3, 2019 0

By the Senate’s failure to confirm three nominees for seats on federal financial institution regulator boards before adjourning, the White House now faces at least a half dozen open board seats among three regulatory agencies […]

Senate ends 115th Congress by approving 77 nominations – but none for federal financial institution regulatory agencies

January 3, 2019 0

The Senate confirmed 77 presidential nominees by voice vote Wednesday, as it raced to finish its business for the 115th Congress and adjourn, sine die, by noon Thursday – when the 116th Congress takes its place. Not […]

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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 [...]