NCUA – Page 37 – Regulatory Report

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[ 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
[ January 14, 2025 ] 3 former Wells execs fined a combined $18.5M in penalties; concludes action begun in 2020 OCC
[ January 14, 2025 ] Federal, state bank, credit union regulators issue joint statement on supervisory impact of California wildfires FDIC
[ January 14, 2025 ] Gruenberg, on way out door, raises red flag about non-bank activities, expecting increased financial stability risk FDIC

Changes to 1Q credit union call report to be highlighted in webinar

January 25, 2022 0

Changes to the first-quarter call report for credit unions will be highlighted during a 90-minute webinar set for Feb. 10 by their federal regulator, the agency said Tuesday. The National Credit Union Administration (NCUA) said […]

Harper nomination to full NCUA Board term, with bipartisan committee vote, headed to full Senate

January 21, 2022 0

Todd Harper’s nomination to a full term on the National Credit Union Administration (NCUA) Board, one of only two nominations approved by the Senate Banking Committee Thursday that won better than a tie vote from […]

Credit union regulator to consider proposal on succession planning, hear briefings

January 21, 2022 0

The board of the federal credit union regulator will consider a proposed rule on succession planning at federal credit unions and a final rule on resetting civil monetary penalties (CMP), and will receive three briefings, […]

Invoices for operating fees, share insurance deposit adjustments coming to credit unions in March

January 20, 2022 0

Credit unions will be invoiced for operating fees and any adjustments due to their federal share insurance capitalization deposits in March, with payment due no later than April 15, according to a Letter to Federal […]

Credit risk management, cybersecurity, payments top 2022 supervisory priorities for credit union regulator

January 18, 2022 0

Credit risk management, cybersecurity, and payment systems are the three top supervisory priorities for the federal credit union regulator, the agency said Tuesday. Overall, the National Credit Union Administration (NCUA) said in its letter to […]

GAO makes 8 recommendations to FI regulators to better safeguard personally identifiable info

January 13, 2022 0

Four of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and […]

UPDATED: Oops — Agency clarifies who has more time to file voluntary diversity self-assessments

January 11, 2022 0

Two more weeks – to Jan. 31 – have been added for credit unions to complete and submit the voluntary Credit Union Diversity Self-Assessment by the federal credit union regulator, the agency said Tuesday. However, […]

As part of new ‘complex leverage ratio’ rule, credit union agency revises 1Q call report

January 10, 2022 0

Changes in risk-based capital requirements for federally insured credit unions have triggered changes in call reports, effective for the first quarter of 2022, the federal credit union regulator said Monday. In a release, the National […]

NCUA alert notes Regs Z, M exemption threshold adjustments for 2022

January 6, 2022 0

A regulatory alert last week from the federal credit union regulator notes recent changes in two regulatory exemption thresholds under the Truth in Lending Act (TILA/Regulation Z) and Consumer Leasing Act (CLA/Regulation M) that took […]

Trio of regulators’ nominations resubmitted to Senate, including one already considered in hearing

January 4, 2022 0

More than 90 nominations were sent to the Senate Tuesday by the White House – including three for federal regulatory agencies, even though their names had been already submitted last year and (in one case) […]

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‘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 [...]
Alleging that consumers were cheated out of $2 billion in interest, bureau files lawsuit against 11th largest bank

January 14, 2025 0

Millions of consumers were allegedly cheated out of more than $2 billion in interest by one of the largest banks in the nation, according to a lawsuit made public Tuesday by the federal consumer financial protection agency. The lawsuit filed [...]
3 former Wells execs fined a combined $18.5M in penalties; concludes action begun in 2020

January 14, 2025 0

The national bank regulator on Tuesday ordered three former Wells Fargo, N.A., executives to pay a combined $18.5 million in civil money penalties (CMPs) for sales practices misconduct, concluding action initiated in 2020 against 11 individuals in a case stemming [...]
Federal, state bank, credit union regulators issue joint statement on supervisory impact of California wildfires

January 14, 2025 0

A statement on supervisory practices affecting banks and credit unions in areas of California ravaged by wildfires was issued Tuesday by federal banking and credit union regulators, along with the California financial institution supervisor. The statement, affecting national and state [...]
Gruenberg, on way out door, raises red flag about non-bank activities, expecting increased financial stability risk

January 14, 2025 0

The proliferation of activities of non-bank financial institutions – including their risk to financial stability – are of particular concern to the outgoing board chairman of the bank deposit insurance agency, he said in remarks Tuesday. Martin J. Gruenberg, who [...]