NCUA – Page 127 – Regulatory Report

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[ April 25, 2025 ] Fed, FDIC join OCC in scaling back roadblocks to bank involvement in crypto assets FDIC
[ April 24, 2025 ] Citing White House reg freeze memo, NCUA invites comment on share insurance, succession planning rules set (so far) to kick in next year NCUA
[ April 24, 2025 ] Survey: Majority of U.S. businesses ‘likely to use’ instant payment networks if offered by their credit union, bank The Fed
[ April 23, 2025 ] Economic activity slows, prices increase as potential hassle of tariffs sinks in, Beige Book indicates The Fed
[ April 23, 2025 ] Failing financial institutions will be marketed through new contractor, FDIC announces FDIC

NCUA involuntary liquidation rule change effective late June

May 29, 2018 0

A final rule allowing payment of certain severance claims, such as unpaid wages, sick time or vacation time, when a federally insured credit union is involuntarily liquidated was published in the Federal Register Wednesday with […]

Credit union agency proposes additional payday loan products; looking for ‘safe harbor’

May 24, 2018 0

The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]

NCUA appeals adverse ruling on credit union field of membership

May 24, 2018 0

The federal regulator of credit unions on Wednesday filed an appeal of a March 29 federal district court ruling vacating two provisions of the agency’s chartering and field-of-membership (FOM) rule. The American Bankers Association (ABA), […]

Credit unions to receive nearly $736 million payout from regulator as early as July

May 24, 2018 0

Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]

Agency on June 4 opens ‘streamlined’ process for credit unions to become CDFIs

May 23, 2018 0

A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]

House panel clears 2-year delay for credit union risk-based capital

May 23, 2018 0

Credit unions would get an additional two-year reprieve from federal risk-based capital rules under legislation marked up and reported out by a House committee Tuesday. The House Financial Services Committee voted 53-0 to approve H.R. […]

Verb or noun? Regulator defines how its advertising rules for credit unions preempt state laws in use of ‘bank’

May 21, 2018 0

“Bank” as a verb to generally refer to provision of financial services is permissible for a credit union to use in its advertising, and federal law supersedes state statutes that would block the use of […]

Payday proposal on credit union agency board agenda May 24

May 17, 2018 0

A notice of proposed rulemaking that could create new options for federally chartered credit unions offering “payday alternative loans” (PALs) is slated for consideration during the May 24 open meeting of the National Credit Union […]

Credit union agency OIG told CAMEL getting an ‘S’ by year-end, reports on insurance fund loss review, more

May 14, 2018 0

A semiannual report to Congress covering activities and findings from Oct. 1, 2017, through March 31, 2018, of the National Credit Union Administration (NCUA) Office of Inspector General (OIG) indicates the agency is expected by […]

Bank, credit union regulators issue exam procedures on FinCEN’s CDD rule

May 11, 2018 0

Examination procedures for assessing compliance with a new Bank Secrecy Act (BSA) “customer due diligence” rule that took effect Friday – requiring covered institutions to verify the identity of beneficial owners at account opening – […]

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Fed, FDIC join OCC in scaling back roadblocks to bank involvement in crypto assets

April 25, 2025 0

Joint statements on crypto assets, issued two years ago, were withdrawn late Thursday by two federal banking regulators; one of them, the Federal Reserve, also said it was withdrawing guidance related to crypto-asset and dollar token activities In separate releases, [...]
Citing White House reg freeze memo, NCUA invites comment on share insurance, succession planning rules set (so far) to kick in next year

April 24, 2025 0

The National Credit Union Administration (NCUA) cites a January White House memorandum in a recent notice inviting input from the public on two final regulations – “Simplification of Share Insurance” and “Succession Planning” – that are set to take effect [...]
Survey: Majority of U.S. businesses ‘likely to use’ instant payment networks if offered by their credit union, bank

April 24, 2025 0

Two in three of U.S. businesses say they are likely to use instant payments if offered by their primary financial institution, according to survey results issued Thursday by the Federal Reserve Financial Services (FRFS). Also, according to the survey results [...]
Economic activity slows, prices increase as potential hassle of tariffs sinks in, Beige Book indicates

April 23, 2025 0

Seven of the 12 Federal Reserve Bank districts reported either unchanged or slight to modest declines in economic activity over the last month, according to a report issued by the Federal Reserve Wednesday. In its latest Beige Book, reporting on [...]
Failing financial institutions will be marketed through new contractor, FDIC announces

April 23, 2025 0

A new contractor to market failing financial institutions through a virtual data room (VDR) has been hired by the federal bank deposit insurance agency, it said Wednesday, beginning next month. In a letter to banks (Financial Institution Letter (FIL) 11-2025), [...]