NCUA – Page 107 – 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

Credit union assets climb to $1.45 trillion, loans hit $1 trillion in 2018, 4Q data show

March 6, 2019 0

The nation’s federally insured credit unions (FICUs) grew total assets by $75 billion, or 5.4%, to a total of $1.45 trillion and saw net income rise 25.8% during the 12 months ending Dec. 31, 2018, […]

In February action, credit union regulator prohibits former PA employee

February 28, 2019 0

A former employee of a Wilkes-Barre, Pa., credit union was in February prohibited from participating in the affairs of any federally insured financial institution, the federal credit union regulator said Thursday. The National Credit Union […]

Agency to announce loan awards open for low-income designated credit unions

February 26, 2019 0

Loan awards are available for low-income designated credit unions (LICUs) through the program that helps the credit unions support the communities in which they operate, the federal credit union regulator will announce as early as […]

Credit union regulator nominees approved by panel for consideration by full Senate

February 26, 2019 0

Nominees for two seats on the board of the federal regulator for credit unions were approved on a voice vote by the Senate Banking Committee Tuesday; the nominations now head to the full Senate for […]

THIS WEEK: Panel votes on NCUA nominations, Powell gives monetary policy report to Congress, more

February 25, 2019 0

Senate committee votes on two nominations to the board of the federal credit union regulatory agency, the Federal Reserve Board chairman’s monetary policy report to Congress, and speeches by the chairman and vice chairman of […]

Pair of CU regulator nominations up for committee vote Tuesday

February 22, 2019 0

Two nominations for seats on the board of the federal credit union regulator are scheduled to be voted on by the Senate Banking Committee Tuesday, just before the panel hears testimony from the nation’s top […]

Comments due late April on NCUA supervisory committee audit proposal

February 22, 2019 0

Credit unions will be able to submit comments to their federal regulator until April 26 on a set of proposed revisions to the agency’s supervisory committee audit rules, according to a notice slated for publication […]

Supervisory Committee Audits and Verifications

February 22, 2019 0

Title: Supervisory Committee Audits and Verifications Subject: Audits Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its regulations governing the responsibilities of a federally insured credit union (FICU) to obtain an […]

Todd M. Harper

February 19, 2019 0

CU regulator announces ‘clean’ audit results for four funds it administers (including savings insurance fund)

February 15, 2019 0

“Unmodified” audit opinions were earned by the four funds administered by the federal credit union regulator, the agency announced Friday, making it the second federal financial institution regulator in as many days to announce so-called […]

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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 [...]