NCUA – Page 109 – 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

WEEK AHEAD: Bush memorial services reset schedules: Powell testimony postponed, Kraninger vote unclear

December 3, 2018 0

Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]

2 former employees from IN, NY credit unions barred from future FI service

November 30, 2018 0

Two former credit union employees, including one from a large, now-defunct credit union formerly involved in the taxi medallion market, have been barred by the federal credit union regulator from any future involvement in the […]

2019 FCU operating fee schedule, calculator link sent via agency letter

November 29, 2018 0

The operating fee schedule for 2019 fees to be paid by federal credit unions to their regulatory agency was sent by the agency Thursday via a Letter to Federal Credit Unions, which shows operating fees […]

NCUA closing package schedule gets clean opinion

November 27, 2018 0

The federal credit union regulator received a clean opinion from auditors on its fiscal 2018 closing package schedule of other assets and contributed capital, the agency’s inspector general said in a report released recently. The […]

Against backdrop of expiring terms (and replacement nomination), CU regulators highlight bipartisanship

November 27, 2018 0

Emphasizing that bipartisanship is getting results at the federal credit union regulatory agency, the Republican chairman and the Democratic member of the agency’s board listed their accomplishments working together in a quarterly newsletter sent to […]

Credit union agency taps Leventis as next chief economist

November 26, 2018 0

Andrew Leventis, most recently the deputy chief economist for the Federal Housing Finance Agency (FHFA), will become the new chief economist for the National Credit Union Administration (NCUA) beginning Dec. 10, the agency announced Monday. […]

UPDATED: Proposed fidelity bond rule changes for credit unions out for comment until Jan. 22

November 21, 2018 0

A proposed rule to update and clarify the federal credit union regulatory agency’s requirements for fidelity bond coverages at corporate and natural-person credit unions was published Friday (Nov. 23) in the Federal Register, with comments […]

Board will meet 11 times in 2019 (as per usual), NCUA reveals

November 20, 2018 0

The federal credit union regulator board will meet 11 times in the new year, and skip an August meeting, according to a scheduled released by the agency Tuesday. The National Credit Union Administration (NCUA) said […]

UPDATED: Eight highlights, no actions against chairman, noted in CU regulator’s inspector general report

November 20, 2018 0

Eight actions – including a notice of charges against a former credit union chief executive and the closing of the credit union that individual led – are cited as “highlights” by the federal credit union […]

$745 million NCUSIF loss from 6 CU failures through September, agency says

November 19, 2018 0

The federal regulator of credit unions said in a release Friday that the $744.9 million in loss to the credit union federal share insurance fund in the in the first three quarters of 2018, resulting […]

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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 [...]