NCUA

What's up

[ 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

ATMs can’t be ‘service facilities’ for underserved areas, federal credit union regulator decides

November 18, 2021 0

A final rule that eliminates the requirement that a multiple-common-bond federal credit union (FCU) have an ownership interest in a shared “service facility” for a new group or underserved area was approved unanimously Thursday by […]

Credit union regulator looks to push 2022 budget growth slightly higher than previous year

November 17, 2021 0

A $345.3 million 2022 proposed budget was posted Wednesday by the federal credit union regulator; a public briefing is set for Dec. 8, the agency said. According to the National Credit Union Administration (NCUA), the […]

Auditor engaged to handle review of failed Indianapolis’ Newspaper FCU, agency OIG reports

November 17, 2021 0

An independent auditor – Moss Adams, LLP – has been engaged to conduct a “full-scope” material loss review (MLR) of the failed Indianapolis’ Newspaper Federal Credit Union, according to a recent inspector general report to […]

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 […]

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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 [...]

ATMs can’t be ‘service facilities’ for underserved areas, federal credit union regulator decides

Credit union regulator looks to push 2022 budget growth slightly higher than previous year

Auditor engaged to handle review of failed Indianapolis’ Newspaper FCU, agency OIG reports

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

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

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

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

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

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

Supervisory action slated for closed meeting Thursday by NCUA Board

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