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

Indianapolis’ Newspaper credit union failed due to fraud by a small CU staff, possibly board chair, NCUA OIG finds

December 22, 2021 0

A material loss review of the $2.29 million estimated share insurance fund loss due to the failure of Indianapolis’ Newspaper Federal Credit Union earlier this year showed the institution failed due to fraud involving a […]

Newly chartered, low-income federal credit union will serve Eatonville, FL

December 21, 2021 0

The federal regulator of credit unions has approved its fourth new federal credit union (FCU) charter for the year to facilitate services for the community of Eatonville, Fla., according to an agency announcement Tuesday. Named […]

COVID-related reg relief measures for credit unions extended through 2022

December 21, 2021 0

A temporary final rule providing pandemic-related regulatory relief under rules on loan participations, eligible obligations, and occupancy requirements for certain properties has been extended until Dec. 31, 2022, by notation vote of the National Credit […]

NCUA operating budget up 1.8% for 2022, totaling $320.1 million; $15 million credit will serve to reduce op fees due

December 17, 2021 0

The operating budget of the National Credit Union Administration (NCUA) is rising to a total of $320.138 million, up 1.8% from the approved 2021 budget of $314.5 million, as a result of action Thursday by […]

Credit union federal share insurance fund target drops 5bp as of Jan. 1

December 17, 2021 0

The “normal operating level” (NOL) – or target equity ratio – for the federal fund that insures depositors’ money in credit unions will drop five basis points, from 1.38% to 1.33%, as of Jan. 1 […]

Final rules on mortgage servicing assets, CCULR, subordinated debt approved 3-0 by credit union regulator

December 17, 2021 0

Three final rules were approved Thursday, by unanimous votes, to authorize federal credit unions’ (FCUs) purchase of mortgage servicing assets (MSAs) from other insured credit unions, create a complex credit union liquidity ratio (CCULR) framework, […]

NCUA issues guidelines for FICUs working with third-party providers of digital asset services

December 16, 2021 0

A set of guidelines aimed at clarifying federally insured credit unions’ (FICUs) authority to establish relationships with third-party providers that offer digital asset services to their members – along with key safety and soundness considerations […]

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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 [...]

Indianapolis’ Newspaper credit union failed due to fraud by a small CU staff, possibly board chair, NCUA OIG finds

Newly chartered, low-income federal credit union will serve Eatonville, FL

COVID-related reg relief measures for credit unions extended through 2022

NCUA operating budget up 1.8% for 2022, totaling $320.1 million; $15 million credit will serve to reduce op fees due

Credit union federal share insurance fund target drops 5bp as of Jan. 1

Final rules on mortgage servicing assets, CCULR, subordinated debt approved 3-0 by credit union regulator

NCUA issues guidelines for FICUs working with third-party providers of digital asset services

Credit union regulator encourages CUs’ use of cybersecurity self-testing app

Credit union agency sets Jan. 24 deadline for strategic plan comments

OIG finds NCUA’s COVID-19 work posture took into account expert guidance, reliable info

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