NCUA – Page 131 – Regulatory Report

What's up

[ February 4, 2025 ] Six banks earn ‘outstanding’ ratings for anti-redlining rules compliance from OCC, FDIC FDIC
[ February 3, 2025 ] UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped CFPB
[ January 31, 2025 ] Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees FDIC
[ January 31, 2025 ] Credit union worker prohibited after conviction in state court for embezzlement, forgery NCUA
[ January 31, 2025 ] Banking agencies set date for virtual public outreach to review regulations under EGRPRA FDIC

(Updated) This week: Anti-money laundering hearings continue; nominations considered (again)

January 15, 2018 0

An examination of federal efforts to combat money laundering will continue this week as senators hold their second hearing on the subject in the past week, while House members mark up more “regulatory relief” legislation. […]

Trio prohibited from financial institutions; one faces $1.7 million restitution order

December 29, 2017 0

Three individuals are prohibited from participating in the affairs of any federally insured financial institution – including one who was ordered to pay more than $1.7 million in restitution – under notices and an order […]

Mortgage disclosures, cybersecurity at top of agency’s supervisory priorities for ‘18

December 27, 2017 0

Cybersecurity may be at the top of the “primary issues of supervisory focus” for 2018 by the federal regulator of credit unions, but easing of citations for disclosure violations of mortgage loan data will likely […]

Regulator fines 39 credit unions for filing late 2Q call reports

December 22, 2017 0

Penalties for filing call reports late for the second quarter of 2017 were agreed to by 39 federally insured credit unions for total fines of $10,150, the National Credit Union Administration (NCUA) said Friday. The […]

New credit union will serve NC local government employees with business loans, remote access

December 20, 2017 0

A new credit union – with an estimated membership potential of 283,000 – has been chartered in North Carolina, and will operate under a broad charter serving employees of local government in the state, with […]

Report singles out growth (or lack thereof) of credit unions, state-by-state, at end of Q3 ’17

December 20, 2017 0

Credit unions in Idaho and Vermont showed the biggest surge in asset growth in the year ended Sept. 30, according to state figures from the end of the third quartered reported Wednesday by the National […]

Credit union regulator joins banking supervisors in disaster-response guidance for examiners

December 18, 2017 0

Issued in concert with federal banking regulators, a letter providing guidance for institutions affected by a major disaster – including hurricanes and flooding – has been published by the federal regulator of credit unions. Overall, […]

KY credit union conserved to ‘correct weaknesses’

December 15, 2017 0

A $28 million Kentucky credit union was placed into conservatorship Friday to give it time to “allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses,” the […]

FSOC ’17 report pledges commitment to sufficient capital, liquidity for financial institutions

December 14, 2017 0

Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]

Agency changes timelines on emergency mergers, reorganizes some offices in headquarters

December 14, 2017 0

Final rules that would change the time range for considering credit union insolvency through emergency mergers, and some reorganization of the federal agency for credit unions, were both approved unanimously Thursday by the National Credit […]

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Six banks earn ‘outstanding’ ratings for anti-redlining rules compliance from OCC, FDIC

February 4, 2025 0

Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the Currency (OCC, which released its [...]
UPDATED: Treasury Secretary takes reins at CFPB after previous director fired; all work stopped

February 3, 2025 0

In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. Later Monday, the Washington Post [...]
Utah bank faces penalty for ‘deceptive acts, unfair practices,’ including failure to disclose fees

January 31, 2025 0

A Utah bank was ordered to pay a $650,000 civil money penalty (CMP) in December for engaging in “deceptive acts and unfair practices,” the federal bank deposit insurer said Friday. According to the Federal Deposit Insurance Corp. (FDIC), WEX Bank [...]
Credit union worker prohibited after conviction in state court for embezzlement, forgery

January 31, 2025 0

A former Michigan credit union worker – convicted last fall of embezzlement and forgery – has been served with a notice of prohibition by the federal regulator, the agency said Friday. It was the only such order issued by the [...]
Banking agencies set date for virtual public outreach to review regulations under EGRPRA

January 31, 2025 0

A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint releases, the agencies noted that [...]