NCUA – Page 35 – Regulatory Report

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[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ 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

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 […]

Credit union regulator funded $1.6 million in ’21 technical grants – but only filled one-third of financing requests

March 31, 2022 0

More than 100 technical assistance grants, totaling $1.6 million, were awarded by the federal credit union regulator to small institutions in 2021 – but that covered only about one-third of the requests for assistance it […]

Agency alerts credit unions of phishing, ‘smishing’ threats related to Ukraine war

March 24, 2022 0

Social engineering and phishing attacks are among the cyberattacks that credit unions should be wary of, particularly as the war in Ukraine continues, the institutions’ federal regulator said Thursday. In a risk alert, the National […]

Agencies propose to formalize rules allowing electronic means for admin proceedings

March 23, 2022 0

Updates intended to modernize policies and procedures for administrative proceedings at bank and credit union regulators were proposed Tuesday by the agencies. Specifically, the agencies said the proposal was intended to align the rules with […]

Letter offers clarity on impact of credit union ‘service facility’ final rule

March 18, 2022 0

Ownership requirements related to shared locations are the only change made for multiple-common-bond federal credit unions adding groups or underserved areas under a new rule that took effect late last year, the institutions’ federal regulator […]

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Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]
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 [...]