NCUA

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[ January 6, 2025 ] Fed’s top supervisor announces resignation effective next month in advance of new president The Fed
[ January 6, 2025 ] CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans CFPB
[ January 3, 2025 ] Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings Data
[ January 2, 2025 ] Three banks earn ‘outstanding’ ratings for CRA compliance as agency closes out reporting for year OCC
[ December 31, 2024 ] Two former credit union workers prohibited from financial institution work, leadership NCUA

10 recommendations floated by GAO for regulators to ease burden, assess mortgage disclosure effectiveness

February 27, 2018 0

The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]

Regulator compares $736 million ‘distribution’ for credit unions to insurance premiums banks will pay

February 27, 2018 0

Praising the distribution of nearly $736 million to credit unions this year, a member of the board of the federal credit union regulator compared credit unions’ experience to that of federally insured banks, which he […]

Distribution of nearly $736 million on target; maybe more later, credit union regulator tells group

February 26, 2018 0

Distribution of nearly $736 million in excess funds from the federal program that insures savings in credit unions is being calculated now – through preforming and validating of the data necessary – with an anticipated […]

CU in Warren, Mich., conserved, last reported $84.6 million in assets

February 23, 2018 0

Ukrainian Future Credit Union of Warren, Mich., which last reported having 5,692 members and $84.6 million in assets, was placed into conservatorship today by the director of the Michigan Department of Insurance and Financial Services. […]

Agency uses opinion letter to provide example of ‘pass-through’ insurance eligibility for account

February 21, 2018 0

A specific “lease security account” qualifies for pass-through share insurance coverage based on credit union membership of a landlord or account holder, a legal opinion letter from the federal credit union regulator states. However, the […]

Inspector general says NCUA was ‘reasonable’ in seeking 1.39% share insurance fund NOL

February 20, 2018 0

The rationale used by the National Credit Union Administration (NCUA) in recommending the NCUA Board raise the normal operating level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF) from 1.3% to 1.39% last […]

NCUA reports all 4 permanent funds get ‘clean’ audit opinions for 2017

February 16, 2018 0

All four permanent funds at the National Credit Union Administration (NCUA) – the Operating Fund, National Credit Union Share Insurance Fund (NCUSIF), Central Liquidity Facility (CLF) and Community Development Revolving Loan Fund (CDRLF) – received […]

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Fed’s top supervisor announces resignation effective next month in advance of new president

January 6, 2025 0

The top regulatory supervisor for the Federal Reserve will step down from his post in late February but will remain on the board of the agency as he continues to fill his board term which runs to the next decade, [...]
CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

January 6, 2025 0

A suit filed Monday by the federal consumer financial protection agency says that a financing unit of Clayton Homes, Inc. – the largest manufactured home builder in the U.S. and a wholly owned subsidiary of Berkshire Hathaway, Inc. – provided [...]
Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings

January 3, 2025 0

Five banks – including eighth largest in the nation — were rated “outstanding” in their lending to low- and moderate-income (LMI) borrowers following examinations for anti-redlining rules; one bank was rated “needs improvement,” according to results for October released Friday [...]

10 recommendations floated by GAO for regulators to ease burden, assess mortgage disclosure effectiveness

Regulator compares $736 million ‘distribution’ for credit unions to insurance premiums banks will pay

Distribution of nearly $736 million on target; maybe more later, credit union regulator tells group

CU in Warren, Mich., conserved, last reported $84.6 million in assets

Agency uses opinion letter to provide example of ‘pass-through’ insurance eligibility for account

Inspector general says NCUA was ‘reasonable’ in seeking 1.39% share insurance fund NOL

NCUA reports all 4 permanent funds get ‘clean’ audit opinions for 2017

NCUA revises rule on pro rata share insurance fund distributions, including $735.7 million distribution for 2017

Regulator to distribute more than $735 million from insurance fund excess to insured credit unions this year

CU supervisor looks at insurance program equity distributions, rebates from special stabilization fund

Fed’s top supervisor announces resignation effective next month in advance of new president

CFPB sues Berkshire Hathaway affiliate that it says pushed people into unaffordable mobile home loans

Eighth largest bank earns ‘outstanding’ rating for CRA compliance in FDIC latest rankings