NCUA – Page 32 – Regulatory Report

What's up

[ 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

Two former credit union employees prohibited by regulator in April; another earns prohibition after sentence for fraud

April 29, 2022 0

Two former credit union workers were prohibited in April from ever serving again at a credit union (or any other federally insured financial institution), and a third former employee received a notice of prohibition after […]

Credit union regulator opens next round of community development grants May 2

April 18, 2022 0

More than $1.5 million is available for underserved outreach and cybersecurity to eligible low-income-designated credit unions through a loan fund offered by the federal credit union regulator, beginning next month, the agency said Monday. The […]

NCUA Board to be briefed on cybersecurity, DEI program next week

April 15, 2022 0

The April 21 open meeting of the federal credit union regulator’s board will include two board briefings – one a cybersecurity update, the other an update on the agency’s diversity, equity, and inclusion program – […]

New guide from agency aims to make it ‘less daunting’ to start a new credit union

April 14, 2022 0

A new guide to starting a credit union was released Thursday by the federal credit union regulator which, it said, can assist people who want to bring federally insured financial services to their communities by […]

Bank, credit union regulators propose modernizing rules that reflect electronic pleadings in proceedings, rather than paper

April 13, 2022 0

Updating rules governing formal administrative proceedings for insured depository institutions by aligning them with current practices and facilitating the use of electronic communications and technology in formal administrative proceedings was proposed jointly Wednesday by the […]

Credit union regulator report boasts of new hires in 2021 of people of color for more than 40% of the time

April 11, 2022 0

People of color were newly hired in more than two out of every five times (42.4%) by the federal credit union regulator in 2021, the agency said in issuing its annual diversity report to Congress […]

Credit union, bank regulators to host webinar on ‘youth workforce practitioners’

April 5, 2022 0

Youth workforce practitioners, and the banks and credit unions who develop them, are the focus of a webinar Aprll 14 hosted by the federal credit union regulator and the federal insurer of bank deposits, the […]

Based on CDC, other guidance, NCUA opens 2nd phase of return to onsite operations

April 5, 2022 0

Staff for the federal credit union regulatory agency may volunteer to work onsite, including conducting examination and supervision work at some credit unions, beginning April 11, according to a letter issued Tuesday. In a Letter […]

NCUA OIG gets passing grade in audit control peer review

April 1, 2022 0

Out of three possible ratings – pass, pass with deficiencies, or fail – the inspector general office of the federal credit union regulatory agency garnered a “pass” rating in a recent peer review of its […]

Prohibition order bars former NJ credit union employee

March 31, 2022 0

A former employee of Newark Firemen Federal Credit Union, Newark, N.J., has been prohibited from any future involvement in the affairs of a federally insured depository institution under a consent order announced Thursday by the […]

« 1 … 30 31 32 33 34 … 137 »

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 [...]