NCUA – Page 3 – Regulatory Report

What's up

[ June 19, 2026 ] Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses The Fed
[ June 18, 2026 ] Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers FDIC
[ June 17, 2026 ] Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t) OCC
[ June 18, 2026 ] OCC bars 2 from banking work; terminates 3 previous orders of enforcement OCC
[ June 17, 2026 ] GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more Other

Latest credit union to close was in conservatorship since January

May 4, 2026 0

People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit […]

NCUA

NCUA seeks credit unions’ input on streamlining call report, profile data collection

April 23, 2026 0

Input from credit unions on how to “enhance and streamline” the agency’s data collections – in particular, through the 5300 Call Report, 5310 Corporate Call Report, and Form 4501A Profile – is being sought by […]

Proposed rule changes would make it easier for credit union boards to consider conversions, mergers to banks

April 21, 2026 0

Conversion or merger of a credit union into a bank would be made easier for a credit union board to propose and decide under the latest round of deregulation proposals issued by the federal regulator […]

NCUA deregulation project expected to run all year, maybe into 2027

April 9, 2026 0

A four-slide presentation related to Thursday’s National Credit Union Administration (NCUA) Board meeting shows the agency expects its deregulation project – which recently announced a ninth “phase” – to continue to late 2026 or early […]

Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

April 7, 2026 0

A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday […]

Groups would no longer be barred from credit union membership without buying service, product

April 7, 2026 0

Eligibility for credit union membership through an associational group would not be automatically denied solely because members of the group did not purchase a product or service of the institution under a proposal issued Tuesday […]

One-member NCUA Board to hear briefings on several subjects – but take no action

April 3, 2026 0

Brokered and reciprocal deposits, and a deregulation plan, are on the agenda for a meeting of the one-member board of the federal credit union regulator set for April 9, the agency said late Thursday. The […]

Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations

April 2, 2026 0

A small Pennsylvania credit union was liquidated after the federal regulator found it “was insolvent and had no prospect for restoring viable operations,” the agency said late Wednesday. Copper & Glass Federal Credit Union (FCU) […]

Two former credit union workers prohibited after convictions for fraud, theft

April 1, 2026 0

Theft and bank fraud convictions has led to the prohibition of two former credit union workers, the federal agency announced Tuesday. The National Credit Union Administration (NCUA) said Jacqueline Burns, former employee of Galveston Government […]

Limits on credit union car loan participations eliminated under latest dereg proposal

March 24, 2026 0

No limits on purchase or participation in indirect auto loans serviced by a third party would be imposed on credit unions under a proposal issued by their federal regulator Tuesday. In its so-called “eighth round” […]

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Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

June 19, 2026 0

“Imprudent” loans made to the relatives of an Oklahoma bank CEO have led to his prohibition from future bank employment and a fine of $125,000, the Federal Reserve said Thursday. According to the Fed, it has prohibited Thomas Engelbrecht from [...]
Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers

June 18, 2026 0

Establishing and maintaining “an effective” customer identification program (CIP) for permitted payment stablecoin issuers (PPSIs) was proposed Thursday by federal banking and credit union regulators, and the Treasury’s financial crimes enforcement unit. The proposal, issued under the auspices of the [...]
Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t)

June 17, 2026 0

A filing is inconsistent with law or regulation if it does not meet the applicable statutory or regulatory criteria for that filing type, the national bank regulator said Wednesday in a bulletin focusing on the agency’s filing decision process. The [...]
OCC bars 2 from banking work; terminates 3 previous orders of enforcement

June 18, 2026 0

Two banking executives were barred from any future work in federally insured financial institutions in consent prohibition orders announced Thursday by the Office of the Comptroller of the Currency (OCC). The agency’s prohibition orders noted that: Steven Ho, former vice president [...]
GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more

June 17, 2026 0

An annual review of the Federal Reserve’s Main Street Lending Program — created with other programs to ensure credit availability amid the COVID-19 pandemic — has seen 70% of the 1,830 loans made fully repaid, with 16% generating losses and about [...]
Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24

June 17, 2026 0

A mid-year budget update is on the agenda for the federal credit union regulator’s one-man board when he gavels in the meeting June 24, at 10 a.m. ET. According to the National Credit Union Administration (NCUA) Kyle Hauptman, chairman of [...]
OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

June 16, 2026 0

As there is no specified group of individuals presumed to be socially and economically disadvantaged under the statute creating minority depository institutions (MDIs), the national bank regulator is dropping portions of its rules that outline who those groups are, the [...]
UPDATED: Credit union regulator loosens rules on records preservation requirements

June 15, 2026 0

Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According to the one-man board of [...]
FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others

June 15, 2026 0

Updated guidance on how financial institutions are permitted to share information with each other regarding suspected fraud was issued by Treasury’s financial crimes enforcement arm under the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) on Friday released a [...]