NCUA – Page 26 – 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

NCUA prohibits two former credit union employees convicted of financial crimes

January 31, 2023 0

Two former affiliated persons from credit unions who were convicted of financial crimes last year were “permanently prohibited” from participating in the affairs of any federally insured deposit institution under recent orders by the National […]

Agency updates FAQs for credit unions as they employ CECL accounting standard

January 30, 2023 0

A list of frequently asked questions (FAQs) on the current expected credit losses (CECL) accounting standard for credit unions has been updated by their federal regulator, along with the agency’s simplified tool for dealing with […]

Texas credit union released from conservatorship that began in March 2021

January 27, 2023 0

A credit union in Texas that spent nearly two years in conservatorship has been returned to the control of its members, the federal credit union regulator said Friday. The National Credit Union Administration (NCUA) on […]

Most credit unions will continue to face 18% cap on loan rates until at least September ‘24

January 26, 2023 0

Loans by federal credit unions (FCUs), in most cases, will continue to be capped at 18% in interest rates, at least for the next 19 months, following action Thursday by the cooperatives’ regulator. However, in […]

Application period for 2nd ECIP funding round ends in 6 days

January 25, 2023 0

Treasury’s Emergency Capital Investment Program (ECIP) is offering a second round of funding, with applications due by 11:59 p.m. Eastern on Jan. 31, the federal credit union regulator told credit unions in an “express” announcement […]

Federal credit union regulator outlines savings in 2023 operating fees with letter

January 25, 2023 0

Fees paid by federal credit unions (FCUs) that partially fund the operations of their regulator will drop in 2023 by an average of 1.8%, the agency reminded the institutions in a letter Wednesday. The National […]

Panel will discuss credit union regulator’s ’23 priorities during public webinar Jan. 31

January 24, 2023 0

Supervisory priorities for 2023 of the federal credit union regulator will be discussed during a Jan. 31 webinar hosted by the agency, it announced late Monday. In a release, the National Credit Union Administration (NCUA) […]

Small Texas credit union placed into conservatorship; ‘unsafe, unsound’ practices cited

January 23, 2023 0

Federal regulators conserved a $28 million Texas credit union Friday, following findings of unsafe and unsound practices, the agency said. Valwood Park Federal Credit Union (FCU) of Carrollton, Texas, was placed under conservatorship by the […]

Interest-rate, liquidity, credit risks top credit union regulator’s 2023 supervisory priorities

January 19, 2023 0

The key supervisory priorities of the federal regulator of credit unions in 2023 will include interest-rate, liquidity, and credit risks – according to a letter issued Wednesday – along with fraud protection and detection, information […]

NCUA OIG recommends failover test of IT network, better communication on operations continuity, security matters

January 6, 2023 0

Four recommendations aimed at strengthening the federal credit union regulator’s Continuity of Operations Program (COOP) are laid out in an inspector general report following an audit of all COOP program activities from Jan. 1, 2018, […]

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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 [...]