NCUA – Page 114 – Regulatory Report

What's up

[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC
[ April 2, 2025 ] Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule Other
[ April 1, 2025 ] Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico The Fed
[ April 1, 2025 ] FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing Other

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 […]

In wake of deadly/devastating CA wildfires, regulators vow assistance to institutions

November 16, 2018 0

Federal and state financial institution regulators teamed up Thursday to offer regulatory assistance to financial institutions affected by the wildfires in California that have killed scores of people, left hundreds unaccounted for, and made thousands […]

Credit union fidelity bond rule changes out for comment

November 15, 2018 0

Rules on fidelity bond requirements for corporate credit unions and natural-person credit unions would, among other things, codify authority for coverage of certain service organizations under a proposed rule issued for public comment Thursday by […]

NCUA approves 2019, 2020 budgets; 2019 FCU operating fees due in April

November 15, 2018 0

The 2019 budgets for the federal regulator of credit unions, including an operating budget funded by credit unions, will total $334.8 million as a result of action Thursday during the agency’s open board meeting. Meeting […]

NCUA encourages credit union responses on voluntary diversity self-assessment

November 14, 2018 0

Federally insured credit unions are encouraged to complete a 2018 voluntary diversity self-assessment and to submit it to their federal regulator’s Office of Minority and Women Inclusion (OMWI) before Dec. 31, the regulator said in […]

Fed board confirmation, reports on regulation/supervision, CU agency budgets all ahead this week

November 13, 2018 0

Confirmation of a nominee to the Federal Reserve Board of Governors, congressional testimony (on both sides of the Capitol) by an incumbent member of the same board, and a meeting of the federal credit union […]

UPDATED: NCUA bylaws proposal in Federal Register Tuesday

November 9, 2018 0

A proposed rule to update the federal credit union (FCU) bylaws, published Tuesday in the Federal Register, is out for a 60-day public comment period that ends Jan. 14. Issued by the National Credit Union […]

CU regulator’s budget increases for next two years on board agenda

November 8, 2018 0

Spending plans that would raise the federal credit union regulatory agency’s total budget by 4.3% in 2019 and 2.7% in 2020 are scheduled for final consideration during the agency board’s Nov. 15 open meeting. The […]

NCUA work to strengthen info security noted, more recommendations presented in OIG report

November 5, 2018 0

The federal regulator of credit unions has addressed and closed 13 recommendations remaining from the two previous years for improving its information security program and will be reviewed for one final, outstanding recommendation in 2019, […]

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Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]
Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in a financial institution letter (FIL), [...]
Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

April 2, 2025 0

Compliance deadlines for certain financial firms to report non-centrally cleared bilateral repurchase (NCCBR) agreement data to the Office of Federal Research (OFR) has been extended under a final rule published Wednesday in the Federal Register. Under the final rule, which [...]
Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

April 1, 2025 0

An enforcement action that dated back to 2022 against three Irvine, Calif., financial institutions has been terminated by the Federal Reserve, the agency said Tuesday. The Fed said its cease-and-desist actions against Allegiant United Holdings, Nano Financial Holdings, Inc., and [...]
FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

April 1, 2025 0

Notices providing “red flags” to help financial institutions identify and report potential bulk cash smuggling across the U.S.-Mexico border and financing of ISIS were issued this week by the Financial Crimes Enforcement Network (FinCEN), Treasury’s financial crimes enforcement arm. The [...]
Three state financial institution regulators named to liaison group for Exam Council

April 1, 2025 0

Three state regulators have been named to serve on the liaison council to the umbrella group for federal financial regulators, the group announced Tuesday. The three named to the State Liaison Committee (SLC) of the Federal Financial Institutions Examination Council [...]
March disclosure shows 8 banks rated ‘outstanding’ for CRA

April 1, 2025 0

Eighteen banks’ Community Reinvestment Act (CRA) ratings from the national bank regulator became public in March, and of those, eight were ratings of “outstanding” and 10 were “satisfactory,” the agency said. The banks’ CRA evaluation “public disclosure” reports, available on [...]
OCC reverses course on climate-related principles; large banks no longer must follow

March 31, 2025 0

Large financial institutions will no longer have to deal with principles for climate-related financial risk management under a decision issued Monday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said the principles (adopted in [...]
Bureau follows law, makes 2024 loan level data under HMDA available

March 31, 2025 0

Loan-level information for 2024 filed by banks but edited to protect consumer privacy was released Monday by the federal consumer financial protection agency, as required by law. The data, collected under the Home Mortgage Disclosure Act (HMDA) Modified Loan Application [...]