NCUA – Page 13 – 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

Agency warns credit unions of 16% increase in operating fees due this year, after budget changes, lack of credits

January 19, 2024 0

Operating fees payable to their federal regulator will be up more than 16% in 2024, federal credit unions were warned in a letter issued Friday, a result of new annual budgets “and other factors” including […]

Otsuka joins with other NCUA Board members in approving agency’s 2024 performance plan

January 18, 2024 0

The 2024 annual performance plan for the federal credit union regulatory agency was approved, 3-0, by the agency’s board during its open meeting Thursday, the first for Tanya Otsuka in her capacity as an agency […]

Agency warns credit unions of ‘growing liquidity stresses;’ offers areas to monitor

January 17, 2024 0

“Growing liquidity stresses” within the credit union system have prompted an “advisory” from the institutions’ federal regulator issued Wednesday, urging credit unions to engage in liquidity management conducted with “necessary frequency.” In its advisory, the […]

Otsuka poised to participate in Jan. 18 NCUA Board meeting

January 12, 2024 0

The first 2024 open meeting of the National Credit Union Administration (NCUA) Board is expected to feature a full board complement, but this time with a new face. Tanya Otsuka, sworn in this week to […]

Credit union regulator board now has full complement as newest member sworn in

January 8, 2024 0

The newest member of the board for the federal credit union regulator was officially sworn in and joined the panel Monday, according to news reports. The website CUToday.info reported that Tanya Otsuka was sworn in […]

Banks, firm, workers slapped with enforcement actions, prohibitions, money penalties in November

January 3, 2024 0

Nine banks and a company serving banks were slapped with enforcement actions by the federal insurer of bank deposits in November, while one former credit union worker was prohibited from further service at financial institutions […]

Rule finalized accepting use of electronic communications in hearings; takes effect April 1

January 2, 2024 0

Recognizing the use of electronic communications in all aspects of administrative hearings and increasing the “efficiency and fairness of administrative adjudications” is the aim of a rule finalized last week by the federal financial institution […]

Senate confirms Otsuka to NCUA Board term lasting into 2029

December 21, 2023 0

Tanya Otsuka was confirmed Wednesday to a six-year term on the National Credit Union Administration (NCUA) Board by voice vote of the full Senate. Otsuka, a Democrat, will have an NCUA Board term lasting through […]

Regulators make it clear: no changes necessary to AML/BSA programs in face of BOI rule

December 21, 2023 0

No changes are necessary to Bank Secrecy Act/anti–money laundering (AML/BSA) compliance programs designed to follow the 2016 Customer Due Diligence (CDD) rule because of the Jan. 1 effective date for the new beneficial ownership information […]

Agency updates CECL tool for credit unions, featuring ‘latest life-of-loan,’ other enrichments

December 21, 2023 0

The “latest life-of-loan,” or “Weighted Average Remaining Maturity,” and other enhancements are included in the updated tool to help credit unions comply with accounting rules designed to improve recognition of credit losses on loans and […]

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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), [...]