NCUA – Page 43 – Regulatory Report

What's up

[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed
[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB

$100k in MDI mentoring grants available to eligible credit unions, NCUA says

September 15, 2021 0

The federal regulator of credit unions is making $100,000 available for minority depository institution (MDI) mentoring grants to eligible credit unions, the agency announced Wednesday. The National Credit Union Administration (NCUA) said federally insured credit […]

Credit unions bolstered profitability in first half of ’21, but still struggle to grow margins

September 8, 2021 0

Credit unions saw their net income rise by more than 77% in the first half of 2021, from year-end 2020, expanding it to $21.3 billion over the six-month period, the federal regulator of credit unions […]

Agency awards $1.5 million in grants to credit unions for expanding outreach, digital services in underserved communities

September 7, 2021 0

More than 100 low-income credit unions were awarded grants totaling $1.5 million to expand their outreach to underserved communities and improve digital services and security, the federal credit union regulator said Sept. 1. The grants […]

Streamlined CDFI certification app process for credit unions begins Sept. 12

August 25, 2021 0

Credit unions seeking certification as community development financial institutions (CDFIs) can apply for a streamlined qualification process at the National Credit Union Administration (NCUA) between Sept. 12 and Oct. 15, the agency said Wednesday. Credit […]

NCUA webinar on new exam tools set for Sept. 8

August 19, 2021 0

Registration is open for a Sept. 8 webinar for credit unions on their federal regulator’s modernized examination tools, which were described last week in an agency Letter to Credit Unions. The National Credit Union Administration […]

UPDATED: Comments due Oct. 15 on NCUA-proposed complex CU leverage ratio (CCULR)

August 13, 2021 0

A proposal to create the credit union version of the community bank leverage ratio (CBLR) is out for public comment until Oct. 15, according to a notice in the Federal Register Monday. Issued for comment […]

Capital Adequacy: The Complex Credit Union Leverage Ratio; Risk-Based Capital

August 13, 2021 0

Title: Capital Adequacy: The Complex Credit Union Leverage Ratio; Risk-Based Capital Subject: Capital adequacy Agency: NCUA Status: Final rule Summary: This final rule provides a simplified measure of capital adequacy for federally insured, natural-person credit […]

Credit union regulator begins roll-out of modernized reporting, examination tools

August 12, 2021 0

A suite of new systems and software tools that federally insured credit unions and federal and state examiners will use for examinations and their follow-up, and more, was detailed in a Letter to Credit Unions […]

Exam council broadens focus in authentication, access guidance on digital banking services and systems

August 11, 2021 0

Revised guidance on effective authentication and access risk management principles and practices related to digital banking services and information systems was issued Wednesday by the umbrella Federal Financial Institutions Examination Council (FFIEC). The guidance replaces […]

Credit union regulator slates August webinar on supplier diversity

August 11, 2021 0

A webinar to discuss the importance of supplier diversity, and how credit unions can implement a supplier diversity program, is scheduled later this month by the federal credit union regulatory agency, according to an email […]

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Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]