NCUA

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[ January 17, 2025 ] Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy The Fed
[ January 17, 2025 ] Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic CFPB
[ January 17, 2025 ] Equifax hit with $15 million penalty over poor dispute handling CFPB
[ January 16, 2025 ] Cash App owner Block ordered to pay up to $175 million combined in redress, penalty CFPB
[ January 16, 2025 ] Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds NCUA

Credit union regulator prohibits two from further service; ends C&D against MI institution

March 31, 2023 0

Two former workers at credit unions in Massachusetts and Pennsylvania, respectively, were prohibited from working in a credit union or any other federally insured depository institution this month, the federal credit union regulator said Friday. […]

Credit union regulator lists 2023 criteria for collecting mortgage loan application data

March 30, 2023 0

All credit unions with more than $54 million in assets will be required to collect data associated with mortgage loan applications processed in 2023, the federal credit union regulator said Thursday. In a “regulatory alert” […]

NCUA slates hearing on Dade County FCU request to also serve Broward County

March 24, 2023 0

A request by the $1.2 billion-assets Dade County Federal Credit Union for a community charter expansion to add Broward County to its field of membership (FOM) is slated for an online public hearing June 7 […]

Credit union regulator makes two key updates to tool for implementing CECL tool

March 23, 2023 0

Two key updates were made for the simplified tool credit unions may use to determine the impact of credit loss accounting standards on their financial statements, their federal regulator said Thursday. According to the National […]

NCUA annual report highlights challenges faced in 2022 and what’s ahead

March 21, 2023 0

Activities, policy initiatives, and accomplishments of the federal credit union regulatory agency throughout 2022 are detailed in its annual report released Tuesday. The National Credit Union Administration (NCUA) looked at the past year’s most significant […]

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Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy

January 17, 2025 0

Echoing a stance taken by another regulator earlier this week, the Federal Reserve Friday said it has withdrawn from an international group of regulatory agencies focused on climate-change policy. The Fed said that it has withdrawn from the Network of [...]
Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

January 17, 2025 0

American Honda Finance Corporation was ordered Friday to pay $10.3 million in consumer redress plus a $2.5 million civil money penalty over findings of credit report furnishing inaccuracies and dispute investigation failures during the COVID-19 pandemic, the Consumer Financial Protection [...]
Equifax hit with $15 million penalty over poor dispute handling

January 17, 2025 0

Equifax, one of three nationwide consumer reporting agencies, was ordered Friday to pay a $15 million civil money penalty for failing to conduct proper investigations of consumer disputes. The Consumer Financial Protection Bureau (CFPB) – in a release familiar in [...]
Cash App owner Block ordered to pay up to $175 million combined in redress, penalty

January 16, 2025 0

Up to $120 million in consumer redress plus a $55 million civil money penalty (CMP) must be paid by Block, the owner of peer-to-peer payments app Cash App, under a consent order announced Thursday by the federal consumer financial protection [...]
Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds

January 16, 2025 0

Credit unions are not offsetting income from overdraft (OD) and non-sufficient funds (NSF) fees through reduced fees for other services or lower interest rates, according to a “research note” issued Thursday by the institutions’ federal regulator. Those results, the agency [...]
Credit union regulator gives nod to ’25 performance plan

January 16, 2025 0

A 2025 performance plan was adopted by the federal credit union regulator’s board Thursday, outlining specific methods and targets about how the agency will measure its performance. The agency board adopted the plan unanimously at its regular monthly meeting. In [...]
‘Modest’ growth in lending reported as year ended; delinquencies still a concern

January 15, 2025 0

Modest growth in lending was reported across Federal Reserve districts in late November and December, tracking what most districts called “moderate” or “modest” economic growth, according to the latest Beige Book released Wednesday by the Federal Reserve. According to the [...]

Credit union regulator prohibits two from further service; ends C&D against MI institution

Credit union regulator lists 2023 criteria for collecting mortgage loan application data

NCUA slates hearing on Dade County FCU request to also serve Broward County

Credit union regulator makes two key updates to tool for implementing CECL tool

NCUA annual report highlights challenges faced in 2022 and what’s ahead

NCUA slates action on subordinated debt rule changes

2,600 credit unions will receive payouts totaling $178 million as agency continues ‘corporate’ resolution

First credit union to fail in ’23 is tiny, faith-based institution in Brooklyn, N.Y.

Credit unions see growth in assets, savings and loans – but credit quality shows signs of flagging

Echoing FDIC appointee, Fed withdraws from international regulator group focusing on climate-change policy

Honda financing arm to pay $12.8 million in redress, penalty over credit reporting violations during COVID-19 pandemic

Equifax hit with $15 million penalty over poor dispute handling

Cash App owner Block ordered to pay up to $175 million combined in redress, penalty

Credit union overdraft, non-sufficient funds fees not offset by reduced fees, lower rates, research finds

Credit union regulator gives nod to ’25 performance plan

‘Modest’ growth in lending reported as year ended; delinquencies still a concern