NCUA – Page 131 – Regulatory Report

What's up

[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB
[ November 21, 2024 ] Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme The Fed
[ November 18, 2024 ] Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules Other

Agency to consider budget, funding methodology, new rule at Nov. 16 meeting

November 9, 2017 0

Final approval of its 2018-19 budget, as well as a final rule on corporate credit unions and the methodology used for transferring funds from the savings insurance fund to cover expenses related to that fund […]

Agencies increase mortgage appraisal threshold to $26k

November 8, 2017 0

An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]

Credit union employee sentenced to 5 years’ prison term, $400k-plus restitution order

October 31, 2017 0

Five individuals – including one sentenced to a five-year prison term and restitution order of more than $400,000 — are prohibited from participating in the affairs of any federally insured financial institution, the National Credit […]

Agency closes 82-year-old credit union; fourth liquidated this year

October 27, 2017 0

An 82-year-old credit union Friday became the fourth nationwide to be liquidated in 2017, the federal regulator of credit unions announced. New York State Employees Federal Credit Union of New York, N.Y., had about $2 […]

Two final rules – and proposed regulation – issued by credit union regulator

October 27, 2017 0

Two final rules – on regulatory appeals procedures for appealing material supervisory determinations, and on the agency’s committee for supervisory review– and a proposed regulation on capital planning and stress testing, all from the National […]

Diversity at credit unions is topic for webinar, self-assessment tool

October 24, 2017 0

Promotion of diversity in credit union memberships and workforces is the theme of a Nov. 2 webinar, which will feature a “how to” session for using the voluntary credit union diversity self-assessment tool, the National […]

NCUA moves to standardize electronic data collection in exams; OKs final rules on appeals, supervisory committee

October 19, 2017 0

Standardizing the loan, deposit, and investment information collected electronically during examinations was proposed by the National Credit Union Administration (NCUA) Board in a request for information issued Thursday; comments are due Jan. 2, 2018. In […]

Stress testing would become responsibility of some credit unions under proposal

October 19, 2017 0

Removing some of the capital planning and stress testing requirements now applicable to federally insured credit unions with $10 billion or more in assets is the aim of a proposed rule issued for comment by […]

NCUA cuts staff, maintains IT investment, in $321M 2018 spending plan

October 18, 2017 0

Implementing operational efficiencies to reduce overall staffing requirements, while continuing to invest in information technology and data analytics to improve overall performance, is the strategy that the federal regulator of credit unions has adopted in […]

Agencies ease appraisal requirements in storm-affected areas

October 17, 2017 0

Appraisal requirements were eased for real estate-related financial transactions in areas declared to be a major disaster – including those affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria – by […]

« 1 … 129 130 131 132 133 … 135 »

Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]
Final rule provides ‘sharper scalpel’ of penalty, enforcement to foreign investment rules

November 18, 2024 0

A final rule aimed at providing a “sharper scalpel” of penalty and enforcement provisions to rules governing foreign investment in the United States was issued Monday by the Treasury Department, the agency said. The rule enhances “certain procedures” of the [...]
More days allowed for commenting on deposit insurance recordkeeping for custodial accounts

November 18, 2024 0

Forty-five more days are now available for commenting on the proposed deposit insurance recordkeeping rule for banks’ third-party (custodial) accounts, the federal insurer of bank deposits said Monday. With the addition of 45 days, the comment period now extends to [...]