NCUA – Page 28 – Regulatory Report

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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, emergency agency plan session on resiliency in the face of climate-related disasters

August 31, 2022 0

How credit unions and their members can prepare for, and remain resilient in the face of, climate-related disasters is the focus of a webinar set for next month co-hosted by the federal credit union regulator […]

$400 million to be distributed among 1,500 credit unions as regulator continues wind-down of corporate resolution

August 29, 2022 0

Nearly $400 million will be distributed among 1,500 credit unions – with about 80% of the distribution going to about 400 of the institutions – by the end of next month, their federal regulator said […]

NCUA names new business innovation director and chief data officer

August 9, 2022 0

Amber Gravius has been named Director of the Office of Business Innovation and Chief Data Officer for the National Credit Union Administration (NCUA), the agency announced Tuesday. According to the NCUA, Gravius previously served in […]

NCUA to host BSA webinar for credit unions Aug. 24

August 4, 2022 0

A free, online webinar focusing on Bank Secrecy Act (BSA) trends and challenges, and updates on BSA compliance, is slated Aug. 24 by the federal credit union regulatory agency. The National Credit Union Administration (NCUA) […]

First new federal credit union of year chartered; low-income designated institution will serve Kansas City, MO, area

August 4, 2022 0

A Kansas City, Mo., credit union became the first federal credit union charter issued this year by the federal credit union regulator, the agency announced Thursday. The charter was officially issued July 22; operations are […]

Former NCUA examiner, admin exec Carroll Smith dies

August 2, 2022 0

A former agency staffer who was there before the agency had a three-member board and who worked to build relationships among the agency and its stakeholders has died, according to an announcement Tuesday by the […]

Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts

August 2, 2022 0

Title: Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts Subject: CRE loan workout guidance Agency: FDIC, NCUA, OCC Status: Proposed policy statement and request for comment Summary: The Office of the Comptroller […]

UPDATED: Bank, credit union regulators propose update to CRE loan workout guidance

August 1, 2022 0

The first update in 13 years to regulators’ guidance to lenders on commercial real estate (CRE) loan workouts is being proposed with a 60-day public comment period that ends Oct. 3, according to a notice […]

Comments due Sept. 26 on NCUA cyber incident notification proposal

July 28, 2022 0

Comments on a proposed rule that would set a 72-hour limit on the time frame for federally insured credit unions (FICUs) to report certain cyber incidents to the National Credit Union Administration (NCUA) are due […]

Cyber Incident Notification Requirements for Federally Insured Credit Unions

July 28, 2022 0

Title: Cyber Incident Notification Requirements for Federally Insured Credit Unions Subject: Cyber incident notification Agency: NCUA Status: Proposed rule Summary: Due to the increased frequency and severity of cyberattacks on the financial services sector, the […]

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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 [...]