NCUA – Page 40 – Regulatory Report

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[ 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
[ April 1, 2025 ] March disclosure shows 8 banks rated ‘outstanding’ for CRA OCC
[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC

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) […]

Credit union regulator merges struggling CA CU, liquidates another, in late/early year actions

January 3, 2022 0

A California credit union serving postal workers, and operating under federal agency conservatorship since November, has been merged into another credit union in the state, it was announced Monday. The National Credit Union Administration (NCUA) […]

Three credit union rules published – on leverage ratio, mortgage servicing purchases, subordinated debt – formally completing rulemaking

December 23, 2021 0

Three final rules were published Thursday – on a new capital leverage ratio, mortgage servicing assets, and treatment of subordinated debt – by the federal credit union regulator, with effective dates of Jan. 1, April […]

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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 [...]