NCUA – Page 21 – Regulatory Report

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[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed
[ February 20, 2025 ] Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas Other

New federal credit union sponsored by United Church of Christ, headquartered in NYC

April 25, 2023 0

A new federal credit union headquartered in New York City to serve primarily employees and members of the United Church of Christ – with 4,700 churches and about 745,230 members – is expected to begin […]

Input due June 26 on NCUA info request on climate-related financial risk

April 25, 2023 0

The National Credit Union Administration’s request for information (RFI) on climate-related financial risks to the credit union system was published in the Federal Register Tuesday with a comment deadline of June 26. The RFI, released […]

Climate-Related Financial Risk

April 25, 2023 0

Title: Climate-Related Financial Risk Subject: Climate risk Agency: NCUA Status: Request for information and comment Summary: The NCUA is seeking public input on current and future climate and natural disaster risks to federally insured […]

Regulator seeks up to $5 million restitution, penalty from former CEO of Texas credit union

April 24, 2023 0

Restitution of at least $4 million, and a civil money penalty of $1 million, is being sought from a former credit union leader for causing a substantial loss to his institution, the federal credit union […]

Agencies move to be consistent with GAAP for recognizing, measuring TDRs by creditors

April 21, 2023 0

The elimination under revised accounting rules of recognition and measurement of troubled debt restructurings (TDRs) by creditors, and removal of references to TDRs, led to issuance Friday of an interagency policy statement by the three […]

On vote of 2-1, NCUA Board issues climate-change RFI

April 21, 2023 0

A request for information (RFI) on climate-related financial risk to insured credit unions, related entities, their members, and the National Credit Union Share Insurance Fund (NCUSIF) was released by the federal credit union regulator’s board […]

Credit unions’ exposure to climate-change impacts identified in agency ‘research note’

April 19, 2023 0

A “research note” that illustrates credit unions’ exposure to climate-related physical risks – with about one-fourth of insured credit unions reportedly found to be in areas with high or very high risk of negative impacts […]

Webinar set for May 3 on simplified CECL tool for small credit unions

April 18, 2023 0

An hour-long webinar on a simplified tool to help small credit unions implement the current-expected-credit-losses (CECL) accounting standard is slated for May 3 and open for registration now, the National Credit Union Administration (NCUA) said […]

Credit union regulator to take up climate risk in Thursday’s open board meeting; briefings also slated on cybersecurity, loan-rate ceiling

April 17, 2023 0

Briefings on cybersecurity and the federal credit union (FCU) loan-rate ceiling bookend the one action item slated for Thursday’s open meeting of the federal credit union regulator’s board: a request for information and comment on […]

Hood to host NCUA capital markets symposium Tuesday at NYSE

April 7, 2023 0

A capital markets symposium featuring speakers from two Federal Home Loan Banks, the vice chairman of the New York Stock Exchange, the Commodity Futures Trading Commission, credit unions and investment firms will be held Tuesday […]

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Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]
GAO urges regulators to adopt rules on executive incentive compensation (after 14 years)

February 20, 2025 0

Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability Office (GAO), in a report, [...]
Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board

February 20, 2025 0

Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said the seven specific risks are: [...]
Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas

February 20, 2025 0

Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), are part of a previously [...]
Six prohibition orders issued by national bank regulator, along with agreements with two banks over ‘unsafe, unsound practices’

February 20, 2025 0

Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or unsound purposes,” the Office of [...]