NCUA

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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

Joint statement strives to clarify: no one customer type may present ‘single level of risk’ related to money laundering, terrorist financing

July 6, 2022 0

No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]

Agency bars 2 former credit union employees; CU is issued a cease-and-desist

June 30, 2022 0

Two former credit union employees – one of whom reportedly pleaded guilty to counts of bank fraud, tax evasion, and embezzlement – were barred from any future service in a federally insured financial institution in […]

Multiple-group FCUs now can list census tracts in underserved area applications, agency says

June 30, 2022 0

Multiple common bond federal credit unions (FCUs) that want to add underserved areas to their fields of membership no longer need to list each area’s street boundaries but instead should list census tracts and the […]

Credit union regulator highlights $1.7 billion in funding available for CDFI, post-COVID community development

June 28, 2022 0

More than $1.7 billion is available for grants to credit unions and other financial institutions designated as community development financial institutions (CDFIs) to help communities recovering from the coronavirus pandemic if the institutions apply by […]

Agencies list rulemaking plans for months ahead; no overdraft fee action from consumer bureau

June 22, 2022 0

Spring rulemaking updates for federal financial regulators were announced this week, featuring a variety of proposed and final rules up for action over the next several months, including modernizing rules implementing the anti-redlining Community Reinvestment […]

Credit union regulator will add questions, consider institution size, maybe contract a third party to administer post-exam survey

June 16, 2022 0

The addition of qualitative questions to a post-examination survey, consideration of credit union asset size in determining those questions, and possible use of a third party to administer the survey itself are the result of […]

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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 [...]

Joint statement strives to clarify: no one customer type may present ‘single level of risk’ related to money laundering, terrorist financing

Agency bars 2 former credit union employees; CU is issued a cease-and-desist

Multiple-group FCUs now can list census tracts in underserved area applications, agency says

Credit union regulator highlights $1.7 billion in funding available for CDFI, post-COVID community development

Agencies list rulemaking plans for months ahead; no overdraft fee action from consumer bureau

Credit union regulator will add questions, consider institution size, maybe contract a third party to administer post-exam survey

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

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

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

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

Call reports for first quarter due by month’s end; agencies prepare multi-factor ID for future submissions

Some non-centrally cleared bilateral repo data reporters get more time to comply with OFR rule

Fed terminates enforcement actions against California firms; prohibits one in Puerto Rico

FinCEN issuances focus on bulk cash smuggling into, out of Mexico; ISIS financing

Three state financial institution regulators named to liaison group for Exam Council

March disclosure shows 8 banks rated ‘outstanding’ for CRA

Bureau follows law, makes 2024 loan level data under HMDA available

NCUA bars 6 from future work in federally insured financial institutions