NCUA – Page 14 – Regulatory Report

What's up

[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ 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

6 audits in progress at NCUA, OIG says in latest semiannual report to Congress

November 24, 2023 0

A semiannual report covering the period of April 1 through Sept. 30 of this year shows a half-dozen inspector general audits in progress at the National Credit Union Administration (NCUA) and a handful of “significant” […]

Audit shows NCUA schedule of investments, taxes/receipts comply with standards

November 24, 2023 0

An independent audit of the federal credit union regulatory agency’s schedule of investments and other taxes and receipts as of Sept. 30, 2023, presents information fairly under generally accepted accounting principles (GAAP), according to a […]

Number of CAMELS 3 credit unions ticks up in 3rd quarter, NCUA reports

November 16, 2023 0

The number of federally insured credit unions (FICUs) with examination codes of CAMELS 3 rose by six in the quarter ending Sept. 30, according to a report Thursday during the open meeting of the National […]

UPDATED: Revised charitable donation account rule for credit unions adopted by agency board

November 16, 2023 0

A final rule that includes federally tax-exempt veterans’ organizations within the definition of “qualified charity” to which credit unions may contribute using a charitable donation account (CDA) was approved Thursday by the board of the […]

Final charitable donations account rule slated for NCUA Board action Thursday; 2024-2025 budget briefing later same day

November 13, 2023 0

The federal credit union regulatory agency is set to hold its public briefing Thursday on its proposed 2024-2025 budget – but not until it holds a regularly scheduled board meeting to act on a final […]

Otsuka nomination to NCUA Board awaits Senate confirmation

November 10, 2023 0

President Joe Biden’s (D) nomination of Tanya Otsuka to be a member of the National Credit Union Administration (NCUA) Board recently moved a step closer toward confirmation. Otsuka’s nomination, along with five others, was approved […]

New credit union near Louisville, Ky., will serve low-, mod-income communities

November 8, 2023 0

A new federal credit union (FCU) was chartered in Kentucky, its federal regulator said Wednesday, to serve low- and moderate-income communities in the central part of the state. It is the third FCU chartered in […]

Comments due Jan. 8 on NCUA fair hiring proposed rule

November 7, 2023 0

Public comments on a proposed rule to codify the agency’s interpretive rule on credit unions’ hiring of individuals with a previous minor or older criminal offense are due to the National Credit Union Administration (NCUA) […]

Four credit unions earn $400k in grants to advance ‘innovative pilot projects’

November 7, 2023 0

Four credit unions have been awarded grants of $100,000 each from their federal regulator in support of “innovative credit union pilot projects,” the agency said Tuesday. The $400,000 in Community Development Revolving Loan Fund (CDRLF) […]

Fair Hiring in Banking

November 7, 2023 0

Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) proposes to incorporate its “Second Chance” Interpretive Ruling and Policy Statement 19–1 (IRPS 19–1) and the […]

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Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]
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 [...]