NCUA – Page 24 – Regulatory Report

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[ April 2, 2025 ] Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions FDIC
[ April 2, 2025 ] Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule Other
[ 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

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 […]

NCUA slates action on subordinated debt rule changes

March 10, 2023 0

Just one item is slated for consideration during the March 16 open meeting of the National Credit Union Administration (NCUA) Board: a final rule on subordinated debt. Issued last September, the proposed rule would extend […]

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 […]

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Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

April 2, 2025 0

Call reports for the first quarter – which contain no new data items – are due from banks in most cases by April 30, the federal banking agencies said Wednesday. However, the agencies advised in a financial institution letter (FIL), [...]
Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

April 2, 2025 0

Compliance deadlines for certain financial firms to report non-centrally cleared bilateral repurchase (NCCBR) agreement data to the Office of Federal Research (OFR) has been extended under a final rule published Wednesday in the Federal Register. Under the final rule, which [...]
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 [...]