NCUA – Page 20 – Regulatory Report

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[ 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
[ April 1, 2025 ] March disclosure shows 8 banks rated ‘outstanding’ for CRA OCC
[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC

Quality Control Standards for Automated Valuation Models

June 21, 2023 0

Title: Quality Control Standards for Automated Valuation Models Subject: Residential mortgage valuation Agency: CFPB, Federal Reserve, FDIC, FHFA, NCUA, OCC Status: Proposed rule Summary: The Office of the Comptroller of the Currency (OCC), Federal […]

Ahead: Fed nominees to testify; NCUA op fee methodology on board agenda

June 20, 2023 0

Testimony from the president’s nominees for Federal Reserve Board terms and public discussion of the National Credit Union Administration’s operating fee schedule methodology are slated over the next two days. On Wednesday, the Senate Banking […]

Op fee schedule methodology on credit union agency board agenda

June 16, 2023 0

A request for comment on the methodology for the agency’s operating fee schedule is slated for consideration during the National Credit Union Administration (NCUA) Board’s open meeting next Thursday, according to the meeting agenda. The […]

Credit union regulator urges action over web file transfer app vulnerability

June 16, 2023 0

Credit unions are being warned to take action against a vulnerability in a popular file transfer application among financial institutions known as “MOVEit,” their federal regulator said Friday. According to the National Credit Union Administration […]

Capital/liquidity, cybersecurity, consumer protection, inclusion will be priorities for credit union regulator, leader says

June 13, 2023 0

Capital and liquidity, cybersecurity, consumer financial protection, and inclusion will be the priorities for the federal credit union regulator in the years ahead, the chairman of the agency’s board said Tuesday. Speaking to a conference […]

Joint proposal would offer guidance on reconsiderations of value (ROVs) in real estate appraisals

June 8, 2023 0

Reconsiderations of value (ROVs) for residential real estate valuations that allow consumers to provide financial institutions with information that may not have been considered during an appraisal, or if deficiencies are identified in the original […]

Credit union loans grow, but so do ‘warning signs’ among other key indicators in first quarter

June 8, 2023 0

Credit unions saw healthy growth in loans during the year’s first quarter, but other performance indicators – including net income, provision for loan losses, and delinquencies – showed some warning signs, according to numbers released […]

Increasing use of automated value models (AVMs) for real estate key in agencies’ proposed rule on their use

June 2, 2023 0

The increasing frequency of use of automated valuation models (AVMs) by mortgage lenders in determining the value of property was a key factor for issuing a proposal late Thursday by federal financial institution regulators on […]

Bureau warns digital payment apps not covered by deposit insurance; urges consumers to transfer to insured banks, credit unions

June 1, 2023 0

Billions stored on digital payment apps such as Venmo and PayPal (among others) used by consumers may lack federal savings insurance, the federal consumer financial protection agency warned Thursday; it urged those consumers to transfer […]

Credit union regulator opens comments on charitable donation accounts proposal for war veterans’ groups

June 1, 2023 0

Comments are now being accepted on a proposal to amend the charitable donation accounts section of the federal credit union regulator’s rules to allow donations to war veterans’ groups, the agency said Thursday. The deadline […]

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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 [...]