NCUA – Page 2 – Regulatory Report

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[ December 2, 2024 ] Report calls evaluation of sexual harassment at FDIC ‘among most important’ for agency OIG FDIC
[ December 2, 2024 ] Of 19 banks evaluated under CRA, 3 deemed ‘outstanding,’ OCC reports OCC
[ December 2, 2024 ] Agencies set CRA evaluation schedules for 1st, 2nd quarters of 2025 FDIC
[ November 29, 2024 ] Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations FDIC
[ November 27, 2024 ] OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion OCC

Credit union board members have key roles in cybersecurity, regulator states in letter

October 21, 2024 0

Federally insured credit unions reported 1,072 cyber incidents from Sept. 1, 2023 to Aug. 31 2024, with 70% of those related to the use or involvement of a third-party vendor, credit unions were told by […]

Agency moves its Southern Region office, asset management group, to new Austin location

October 16, 2024 0

A move across town is in the works for the southern region office of the federal credit union regulator, the agency said Wednesday. The National Credit Union Administration (NCUA) said its regional office, along with […]

Federal, state regulators jointly focus on meeting financial services needs of Hurricane Milton-affected areas

October 15, 2024 0

Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a […]

Agencies issue joint pronouncement on regulatory assistance in wake of Hurricane Helene

October 2, 2024 0

Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]

Credit union regulator prohibits two for scheme to defraud, theft

September 30, 2024 0

Two former credit union workers have been prohibited by their federal regulator from future service in a federally insured financial institution, the regulator said Monday. The National Credit Union Administration (NCUA) said Monica Jackson, the […]

CECL tool for credit unions gets update addressing ‘life-of-loan’ factors

September 23, 2024 0

A tool credit unions may use in addressing current expected credit losses (CECL) accounting standards has been updated to provide “life-of-loan” factors, the federal regulator said Monday. The Simplified CECL Tool, the National Credit Union […]

UPDATED: Credit union regulator gives thumbs up on final rules for fair hiring, trust account insurance

September 19, 2024 0

Updated September 30, 2024 Final rules on fair hiring and simplification of federal share insurance for trust accounts were approved by the federal credit union regulator board at its meeting Thursday. Incorporated its Second Chance […]

OIG: Weaknesses flagged in latest review of NCUA info security program, practices

September 18, 2024 0

An inadequate information technology inventory, inconsistency in risk reviews and more are flagged in a recent, independent audit of the National Credit Union Administration’s (NCUA) information security program and practices. The agency’s Office of Inspector […]

Mid-year numbers draw comments of ‘growing concern’ from credit union regulator’s leader

September 6, 2024 0

Growing signs of concern in loan performance, capital, and earnings as deposit levels have dropped are among the takeaways cited by the board chairman of the federal credit union regulator as his agency released mid-year […]

Credit union regulator releases ombudsman annual report for 2023

September 5, 2024 0

A nine-page annual report on the agency ombudsman’s core programs and feedback from credit unions on examinations was released Wednesday by the National Credit Union Administration (NCUA), via an “express” email. The 2023 annual report […]

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Report calls evaluation of sexual harassment at FDIC ‘among most important’ for agency OIG

December 2, 2024 0

The evaluation report on the sexual harassment scandal at the federal insurer of bank deposits was termed “among the most important” issued by the agency’s inspector general, it said Monday. In its semiannual report to Congress for the period April [...]
Of 19 banks evaluated under CRA, 3 deemed ‘outstanding,’ OCC reports

December 2, 2024 0

Three of the 19 banks whose Community Reinvestment Act evaluation ratings became public in November were rated “outstanding” by their federal regulator, according to a release Monday. The Office of the Comptroller of the Currency (OCC) said it gave ratings [...]
Agencies set CRA evaluation schedules for 1st, 2nd quarters of 2025

December 2, 2024 0

Nearly 600 banks are scheduled to receive their Community Reinvestment Act (CRA) evaluations sometime during the first or second quarters of 2025, according to schedules released by two regulators. The Office of the Comptroller of the Currency (OCC) schedule shows [...]
Referral agent to RI bank barred, ordered to pay $1 million, for loan application violations

November 29, 2024 0

A referral agent for a Rhode Island bank was prohibited from further bank employment and ordered to pay $1 million in restitution for “violations of regulations” and unsafe and unsound practices, the federal insurer bank deposits said Friday. In publicly [...]