NCUA – Page 118 – Regulatory Report

What's up

[ 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

Comments sought on credit union loan maturities, loans-to-one-borrower limits

August 2, 2018 0

The federal regulator of credit unions released and invited comments on a proposed rule Thursday that is aimed at clarifying and easing the regulatory compliance burdens associated with the agency’s lending rules. Issued by the […]

CU regulator proposes one-year delay in ‘risk-based capital’ rule, whittles down number it affects

August 2, 2018 0

A regulation on risk-based capital would become effective in 2020, rather than 2019, under a proposal issued Thursday for a 30-day comment period by the federal regulator of credit unions. Additionally under the proposal, the […]

Small credit union in Michigan closed, NCUA is liquidating agent

July 31, 2018 0

A 396-member credit union serving a church in Detroit was liquidated Tuesday by Michigan’s financial institutions regulator. The National Credit Union Administration (NCUA) was appointed liquidating agent of the state-chartered, federally insured credit union. The […]

Agency scales back on direct communications to institutions in 2018

July 31, 2018 0

Typically, by this time of year, about six “letters to credit unions” (LTCUs) – which detail or outline issues deemed of special importance – would have been issued by the federal regulator of credit unions […]

Treasury report nods to fintech charter, payday rule rescission, more

July 31, 2018 0

The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]

THIS WEEK: Senate legislation, CECL webinar for banks, credit union rules on tap

July 27, 2018 0

Half of Congress may be out for the summer (the House comes back on Sept. 4), but the Senate and federal financial institution regulators will be taking some actions next week – including the credit […]

UPDATED: CU regulator to consider 2 proposed rules, one on risk-based capital

July 26, 2018 0

Two proposed rules – on risk-based capital, and on clarifying existing rules for loans to members – and a final rule on suspension and debarment procedures for agency contractors will be considered by the federal regulator of […]

House-Senate deal includes CFIUS bill but no risk-based capital delay for CUs (or free rent for banks)

July 25, 2018 0

A House-Senate conference panel has reached agreement on fiscal 2019 defense authorization that excludes a House-passed provision requiring the Department of Defense (DoD) to allow banks to operate on military installations rent-free — but also […]

Credit union regulator extending PCA, involuntary liquidation proof of claim form collections, more

July 25, 2018 0

The National Credit Union Administration (NCUA) is accepting comments until Sept. 24 on its proposed extensions of four information collections. All are proposed for extension without revision except one – the designation of low-income status. […]

Agency wants to continue detailing transactions with privately insured CUs, other FIs

July 25, 2018 0

The credit union federal regulator wants to extend a requirement that federally insured credit unions (FICUs) seeking to buy assets or assume liabilities from a privately insured credit union (or other non-FICU financial institution) must, […]

« 1 … 116 117 118 119 120 … 135 »

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 [...]