NCUA – Page 130 – Regulatory Report

What's up

[ 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
[ April 1, 2025 ] Three state financial institution regulators named to liaison group for Exam Council Other

Agency opens ‘streamlined’ CDFI application process for eligible credit unions March 19

March 16, 2018 0

The streamlined application process opens Monday for qualified federally insured, low-income credit unions interested in becoming community development financial institutions, the federal credit union regulator said Friday. In a release, the National Credit Union Administration […]

Report suggests ‘options’ for Treasury to consider as it reviews community reinvestment (CRA) requirements

March 16, 2018 0

Options for financial institutions to consider in generating more lending to low- to moderate-income (LMI) borrowers should be considered by the Treasury Department as it reviews how community reinvestment requirements are being applied, a new […]

Proposals to update bylaws, define rules for contractors, approved for comment by credit union regulator

March 15, 2018 0

A proposal to adjust credit union bylaws and another addressing procurement processes were approved for publication by the National Credit Union Administration (NCUA) Board at its March monthly meeting; both were issued for 60-day comment […]

$4 million Chicago credit union credit union conserved

March 15, 2018 0

A $4 million credit union in Chicago, with about 1,300 members, was placed into conservatorship by the National Credit Union Administration (NCUA) Wednesday; the credit union remains open and serving its members. NCUA said that […]

Credit union regulator adds second item to closed meeting

March 13, 2018 0

A second item has been added to the agenda for a closed meeting of the National Credit Union Administration (NCUA) Board when it meets Wednesday – this one regarding a supervisory action. According to NCUA, […]

Thought something not quite right in NCUA filing? Correction of clerical error confirms suspicion

March 12, 2018 0

A correction to indicate the proper referral to the Code of Federal Regulations (CFR) for changes about how equity distributions can be made will be issued by the federal credit union regulator. In filings Monday […]

Suspension and debarment, bylaws on credit union regulator board agenda

March 8, 2018 0

The National Credit Union Administration (NCUA) Board has two action items on its open meeting agenda for March 15. One deals with federal credit union bylaws, the other addresses proposed suspension and debarment procedures. The […]

Credit union regulator reschedules closed meeting, by one day

March 7, 2018 0

The National Credit Union Administration Board Wednesday re-scheduled its March closed meeting to March 14, starting at 1:30 p.m. ET, the agency said in a release. The meeting had been scheduled for March 15. The […]

House gives nod to regulatory review bill, calling for evaluation every seven years (rather than 10)

March 7, 2018 0

Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]

Credit unions maintain strong net income in 2017, posting increase of 9.2%

March 5, 2018 0

Credit union performance improved marginally in 2017 over the previous year, but nonetheless showed continued, consistent positive net income and net worth, year-end numbers from the federal credit union regulator showed Monday. Year-end (and fourth […]

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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 [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]