NCUA – Page 42 – Regulatory Report

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[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed
[ February 20, 2025 ] Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas Other

Federal credit union boards may continue to meet virtually, extending pandemic bylaw provision adopted in 2020

November 15, 2021 0

Flexibility for board meetings originally extended to federal credit unions during the height of the coronavirus crisis will be extended in the new year, the institutions’ regulator said Monday. In Letter to Credit Unions (LTCU) […]

Credit union regulator to consider shared service eligibility rule, hear report on modernized exam tools

November 12, 2021 0

A final rule on credit union membership eligibility requirements for shared facilities is among the items up for consideration during the Nov. 18 National Credit Union Administration (NCUA) open board meeting, according to the agenda […]

Bank, credit union regulators cease COVID-related supervisory ‘flexibility’ for mortgage servicers

November 12, 2021 0

Federal and state financial institution regulators on Wednesday said they were ending the flexible approach to supervision and enforcement they initiated in April 2020 regarding certain mortgage servicing timing requirements. The agencies – the Federal […]

NCUA conserves $4.2 million-in-assets CA credit union

November 8, 2021 0

The federal regulator of credit unions on Friday placed the tiny Pomona Postal Federal Credit Union of Pomona, Calif., into conservatorship Friday. The National Credit Union Administration (NCUA) said the credit union’s most recent call […]

Letter reminds credit unions that secondary capital issuances after Jan. 1 subject to new subordinated rule

November 5, 2021 0

Any issuances of secondary capital not completed by Jan. 1 will be subject to the requirements of the new subordinated debt rule, which becomes effective on that date, according to a letter sent Friday by […]

Agency urges credit unions to participate in tax assistance program, notes tax credit availability for members

November 3, 2021 0

Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the IRS about their interest in participating, the federal […]

Supervisory action slated for closed meeting Thursday by NCUA Board

November 2, 2021 0

A closed meeting of the National Credit Union Administration (NCUA) Board is slated for 10 a.m. Thursday to address a supervisory action, according to a scheduled Federal Register notice. The meeting is closed from public […]

Credit union regulator exhorts conference to advance diversity, equity, inclusion

November 2, 2021 0

Credit unions should advance diversity, equity, inclusion, and belonging by embracing those concepts across their institutions – members, employees, and other credit unions, the board chairman for the federal credit union regulator said Tuesday. In […]

Deadline extended for minority depository credit unions to apply for mentoring grants

October 29, 2021 0

More time has been allowed – two weeks – for minority depository institutions (MDIs) to apply for mentoring grants, the federal credit union regulator said Friday. About $100,000 will be made available to low-income credit […]

Credit union regulator issues pair of prohibition actions in October

October 29, 2021 0

Two actions against former credit union workers were taken by their federal regulator in October, the agency said Friday, one for a theft conviction and the other for a charge of causing the institution a […]

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Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]