NCUA – Page 23 – 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

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

March 9, 2023 0

More than 2,600 credit unions will split $178 million in two payouts by their federal regulator, the legacy of actions to resolve the failures of “corporate” credit unions more than 10 years ago, the agency […]

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

March 9, 2023 0

The first credit union to be shuttered in 2023 was a tiny institution in New York City after its federal regulator determined it was not operating safely and soundly, the agency said late Wednesday. Inter-American […]

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

March 8, 2023 0

Credit unions saw growth in assets, savings and – especially – loans last year, but also saw their return on average assets fall and experienced greater delinquencies and charge-offs from the year before, according to […]

Regulator slates March 22 loan risks webinar for credit unions

March 7, 2023 0

Registration is open now for a March 22 webinar hosted by the National Credit Union Administration, the agency said Tuesday. Titled “Loan Risks in a Changing Economy,” the 2 p.m. (Eastern) webinar will feature a […]

Chartering and Field of Membership

March 2, 2023 0

Title: Chartering and Field of Membership Subject: Federal credit unions; chartering, membership Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is proposing to amend its chartering and field of membership (FOM) rules […]

Letter reminds federal credit unions they may continue to charge up to 18% interest on loans

March 1, 2023 0

Federal credit unions (FCUS) may continue to charge up to 18% interest on their loans, their federal regulator reminded them Wednesday in a letter, over the 18-month period that starts March 11. The National Credit […]

Comments due May 30 on proposed NCUA chartering manual changes

February 28, 2023 0

A set of proposed revisions to the federal credit union regulator’s chartering and field-of-membership manual is out for comment until May 30, according to a notice in Tuesday’s Federal Register. The proposed rule was issued […]

Credit union regulator bans two, citing ATM fraud and misappropriation of funds

February 28, 2023 0

Two former credit union employees who allegedly, respectively, carried out ATM fraud and misappropriated members’ and credit union funds at their institutions are no longer permitted to work in any federally insured financial institution as […]

Credit unions face three key threats, regulator says – and calls again for oversight of third-party vendors

February 27, 2023 0

Credit unions are facing increasing risks from rising interest rates, shallow liquidity, and threats to cybersecurity, the board chairman of their federal regulator said Monday as he outlined agency responses to assist the financial institutions […]

Credit union regulator finalizes ‘cyber incident’ rule, proposes new membership rules

February 21, 2023 0

A final rule on what makes a “reportable cyber incident,” and a proposed regulation that governs who can (and cannot) join a credit union were issued Thursday by the board of the federal credit union […]

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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 [...]