NCUA – Page 30 – Regulatory Report

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[ 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
[ January 16, 2025 ] Credit union regulator gives nod to ’25 performance plan NCUA
[ January 15, 2025 ] ‘Modest’ growth in lending reported as year ended; delinquencies still a concern The Fed
[ January 14, 2025 ] Alleging that consumers were cheated out of $2 billion in interest, bureau files lawsuit against 11th largest bank CFPB

State analysis confirms that most credit unions saw membership declines at end of Q1 ‘22

June 14, 2022 0

More than half (55%) of all federally insured credit unions had fewer members at the end of the first quarter of 2022 than a year earlier, according to first-quarter numbers analyzed and released by the […]

NCUA’s ‘World of Cents’ app will be decommissioned June 30 on Apple Store

June 14, 2022 0

An application designed to help teach children the value of money and how to develop good spending and saving habits will no longer be available for download through the Apple Store effective June 30, the […]

Federal credit union regulator board has one item on meeting agenda this week: post-exam survey findings

June 13, 2022 0

Survey results from post-examination feedback, under a program launched late last summer, is the only item on the agenda for the federal credit union regulator’s board when it meets Thursday. The meeting is scheduled to […]

Credit union regulator board leader confirmed by Senate, gets five more years to serve

June 8, 2022 0

The Senate confirmed the chairman of the board of the federal credit union regulator for a new term in office, ending in 2027, on a bipartisan vote of 59-40 Wednesday. National Credit Union Administration (NCUA) […]

Challenges for small credit unions topic of June 22 webinar

June 8, 2022 0

A webinar that focuses on challenges faced by small credit unions is scheduled for two weeks from today by the National Credit Union Administration (NCUA), the agency said in an “express” announcement Wednesday. The agency […]

Questions on call reports answered for credit unions in June 23 webinar on prepping for June cycle

June 8, 2022 0

A webinar where credit unions can ask their federal regulator questions about the March 2022 call report cycle, and learn about improvements coming up for the June cycle, is scheduled June 23 and open for […]

Credit unions overall grow in first quarter, report shows, but expansion mostly limited to largest

June 7, 2022 0

Credit unions overall saw their assets, loans and savings totals grow in the first quarter, but ongoing challenges will combine to lower earnings, loan growth and credit quality over the rest of the year, their […]

Applications due in just three weeks for $1.5 million credit union community development grants

June 6, 2022 0

The deadline is June 24 for applying for more than $1.5 million in grants for underserved outreach and cybersecurity to eligible low-income-designated credit unions through a loan fund offered by the federal credit union regulator, […]

NCUA OIG finds no programs susceptible to ‘significant improper payments’

June 1, 2022 0

An Office of Inspector General (OIG) review of the federal credit union regulatory agency’s 2021 compliance under the 2019 Payment Integrity Information Act (PIIA) showed the agency had no programs susceptible to “significant improper payments,” […]

Worker prohibited after $2.2 million embezzlement from Arizona credit union

May 31, 2022 0

An alleged embezzlement of more than $2.2 million from a Winslow, Ariz., credit union has earned a former worker a prohibition from further service at any federally insured financial institution, the federal regulator said Tuesday. […]

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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 [...]