NCUA – Page 17 – Regulatory Report

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[ 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

Credit union assets hit $2.2 trillion, loans $1.56 trillion in Q2, but higher delinquency rate and charge-offs noted

September 7, 2023 0

A note of “cautious optimism” was struck by the chairman of the federal credit union regulatory agency Thursday regarding second-quarter call report data from federally insured credit unions (FICUs). National Credit Union Administration (NCUA) Board […]

After 5 charter applications and still not enough information, petitioner seeking to form a federal credit union loses on appeal

August 18, 2023 0

A petitioner who reportedly sought to form a federally chartered credit union to serve a community with a population exceeding 5 million failed to submit information that would show the institution to be viable and […]

NCUA-IRS webinar to detail how credit unions can participate in Volunteer Income Tax Assistance program

August 18, 2023 0

Credit unions can learn how to participate in the IRS Volunteer Income Tax Assistance (VITA) program during a webinar slated Sept. 7 and co-hosted by the IRS and National Credit Union Administration (NCUA). The NCUA […]

FI regulators on Hawaii wildfires: Federal, state financial institution agencies jointly pledge reg assistance to affected institutions

August 17, 2023 0

Federal and Hawaii state financial institution regulators pledged Thursday to provide appropriate regulatory assistance to supervised banks and credit unions affected by the Hawaii wildfires. In a joint statement, the agencies – the Federal Reserve […]

Bank, credit union regulators respond to latest disasters in Hawaii, Mississippi

August 15, 2023 0

The wildfires affecting Hawaii as well as severe storms and tornadoes in Mississippi drew statements from federal bank and credit union regulatory agencies about available regulatory relief and authorization to close offices until conditions are […]

OIG makes 3 recommendations to address NCUA supervision QA program deficiencies

August 14, 2023 0

Three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM) are provided in an inspector general report dated Aug. 8 […]

NCUA letter: Tighter cyber incident reporting requirements kick in Sept. 1

August 14, 2023 0

Credit unions face tighter notification requirements regarding cyber incidents beginning Sept. 1 under rule changes adopted in February, their federal regulator said in a letter Monday. In Letter to Credit Unions 23-CU-07, the National Credit […]

Regulator arranges webinar with state-based credit union associations to discuss ‘strategic partnering’

August 9, 2023 0

State-based trade groups and the federal credit union regulator will team up for a webinar later this month to discuss “strategic partnering” between the two, the agency announced Wednesday. In a release, the National Credit […]

New alert to credit unions notes rise in cyberattacks, including those related to web file transfer app

August 3, 2023 0

Noting a “concerning rise” in cyberattacks against credit unions, credit union service organizations (CUSOs) and other third-party vendors, the federal credit union regulator on Thursday urged credit unions and associated entities to take immediate steps […]

Use of max, minimum age as exception to automated underwriting violates ECOA, credit union regulator warns

August 1, 2023 0

Policies or practices that require manual underwriting as an exception to automated underwriting systems based on minimum or maximum ages violates federal law, credit unions were reminded by their regulator in a message Tuesday. The […]

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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 [...]