NCUA – Page 121 – 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

Bank, CU, securities regulators hold diversity and inclusion summit Sept. 13

August 22, 2018 0

Federal financial industry regulators will jointly host the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit Sept. 13 in New York City, the federal agency that regulates credit unions said in an email announcement Monday. […]

FASB proposes amending transition requirements, scope of CECL standard

August 20, 2018 0

Amending the transition requirements and scope of the current expected credit losses (CECL) standard issued by Financial Accounting Standards Board (FASB) is the aim of a proposal issued Monday by the group. Comments are due […]

MI credit union merged after 6 months of conservatorship

August 20, 2018 0

A state-chartered, federally insured credit union in Warren, Mich., that was placed in conservatorship in late February was merged Friday into another credit union, the federal regulator of credit unions said. Ukrainian Future Credit Union […]

Credit union regulator taps veteran staffer to lead consumer protection efforts

August 20, 2018 0

Overseeing consumer financial protection policy and rulemaking efforts, among other things, for the federal credit union regulator will be the role of the new director for the agency’s office of consumer financial protection. The National […]

Proposal on credit union loan maturities, one-borrower limits slated for Federal Register

August 9, 2018 0

A proposed rule issued Aug. 2 on credit union loan maturities and limits on loans to one borrower is slated for publication Friday in the Federal Register. The proposal was issued with a 60-day comment […]

NCUA still eyeing alternative capital, payday-alternative loan proposals, McWatters tells group

August 9, 2018 0

Alternative capital for credit unions, addressed in a 2017 advance notice of proposed rulemaking (ANPR), is still on the agency’s regulatory radar, National Credit Union Administration (NCUA) Board Chairman J. Mark McWatters said Thursday in […]

NCUA’s final suspension and debarment procedures are effective Sept. 10

August 9, 2018 0

A set of final suspension and debarment procedures for contractors doing business with the National Credit Union Administration (NCUA) are set to take effect Sept. 10. Published in the Federal Register Thursday, the procedures were […]

Comments due Sept. 7 on one-year delay of risk-based capital for credit unions

August 8, 2018 0

A one-year delay of a risk-based capital rule that would be revised to apply to roughly 10% of all federally insured credit unions is out for comment until Sept. 7, according to a notice in […]

In ‘rare use’ of administrative charges, regulator seeks $4.5 million from former CEO of NY-based CU

August 7, 2018 0

Restitution of at least $3.5 million, and a $1 million penalty, is being sought from a former chief executive and board member of a New York-based credit union by the federal credit union regulator, the […]

NCUA posts FAQs about changes wrought by reg relief law in four areas for credit unions

August 7, 2018 0

The impact on credit unions of recently enacted regulatory relief legislation has been developed as a “frequently asked questions” list by the credit union federal regulator and posted by the agency on its website Tuesday. […]

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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 [...]