NCUA – Page 117 – 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

Agency schedules webinar to explain rule change for expanding CU membership scope

October 9, 2018 0

A webinar providing more information for federally chartered credit unions (FCUs) on recent rule changes affecting membership regulations for the cooperative financial institutions is set for Oct. 24, the federal credit union regulator said Tuesday. […]

Letter outlines requirements for using narrative in expanding CU memberships; guidance for doing so too

October 9, 2018 0

Federally chartered credit unions may use a written narrative to meet requirements for expanding their membership scope in a community, as long as the narrative demonstrates the institution’s ability for serve the community and intent […]

Regulators speak up on key subjects during a busy – and video-filled – week

October 5, 2018 0

Regulators were on stage this past week, discussing initiatives, implementation of the new regulatory relief law, their roles and what they wanted from Congress – among other things – in different venues, but all on […]

10 credit unions consent to penalties for late filing of 1Q call reports

October 5, 2018 0

Civil money penalties (CMPs) ranging from a low of $150 to a high of $920, with a grand total of $4,133, are to be paid by 10 credit unions that filed late call reports for […]

Benefits, risks of FIs’ BSA-related resource sharing outlined in joint statement

October 3, 2018 0

Types of instances in which banks and credit unions may form collaborative arrangements to share resources to better manage their Bank Secrecy Act/anti-money laundering (BSA/AML) responsibilities are addressed in a statement issued jointly on Wednesday […]

Cyber, lending present top potential system risks, regulators testify

October 2, 2018 0

Cybersecurity issues and lending bubbles top the list of potential risks to today’s financial system, according to comments offered by bank and credit union regulators during a hearing Tuesday on implementation of this year’s financial […]

Left unsaid at Senate hearing with regulators: ‘EGRRCPA’ (thankfully)

October 2, 2018 0

As federal financial institution regulators spoke Tuesday to Senate Banking Committee members in testimony and during questions and answers, many words and terms were thrown about. But one term noticeably was left unsaid: EGRRCPA, as […]

Lawmakers urge quick work on S. 2155 implementation

October 2, 2018 0

Bank regulators were urged to move apace on efforts to tailor prudential standards for banks under $250 billion in assets during a Senate Banking Committee hearing Tuesday on implementation of the recently enacted financial reform […]

Regulators lay out future needs, plans in testimony before Senate Banking panel

October 2, 2018 0

Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]

Communications process among members in CU mergers addressed in agency letter

October 1, 2018 0

Facilitating the sharing of member-to-member (MTM) communications when a federally insured credit union is merging with another is addressed in a letter to credit unions (LTCU) published Monday by their federal regulator. The National Credit […]

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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 [...]