NCUA – Page 122 – 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

In first letter to CUs of year, regulator outlines exam/supervision initiatives

August 6, 2018 0

Initiatives designed to “improve and modernize” exams and supervision – which aim to replace “outdated, end-of-life examination systems,” among other things – are outlined in the first “letter to credit unions” published by their federal […]

Federal credit union loan-rate cap remains 18% into March 2020

August 2, 2018 0

The loan interest rate cap for federal credit unions will remain at 18% through March 10, 2020, as a result of action during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. Without […]

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 […]

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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 [...]