NCUA – Page 5 – Regulatory Report

What's up

[ March 31, 2025 ] OCC reverses course on climate-related principles; large banks no longer must follow OCC
[ March 31, 2025 ] Bureau follows law, makes 2024 loan level data under HMDA available CFPB
[ March 31, 2025 ] NCUA bars 6 from future work in federally insured financial institutions NCUA
[ March 28, 2025 ] CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago FDIC
[ March 28, 2025 ] CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits CFPB

Delinquencies rose, net income fell at credit unions in third quarter, performance data show

December 5, 2024 0

Delinquency rates at credit unions rose in the third quarter, and net income for the cooperative financial institutions fell, according to performance data released Thursday by their federal regulator. According to the third-quarter performance results […]

Agencies jointly issue examples of risk management practices effective in combatting elder financial abuse

December 4, 2024 0

Examples of risk management and other practices that may be effective in combatting elder financial exploitation were issued in a joint statement Wednesday by the five federal financial institution regulators, state regulators and the federal […]

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. […]

CLF’s 2025-26 budget, share insurance fund update slated next Thursday

November 15, 2024 0

The budget for the agency’s liquidity facility for credit unions is slated for action during the Nov. 21 open meeting of the National Credit Union Administration (NCUA) Board, which will also receive a credit union […]

Farmer Mac stock a permissible investment for some FCUs, agency opinion states

November 15, 2024 0

Federal credit unions (FCUs) may invest in common stock of the Federal Agricultural Mortgage Corporation, or Farmer Mac, to the extent they must in order to serve as loan originators or sellers in the program, […]

OIG sets 4 recommendations for NCUA’s federal chartering process

November 14, 2024 0

Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National […]

Small FL credit union conserved

November 14, 2024 0

The $59 million-in-assets Alliance Credit Union of Florida, Gainesville, Fla., was conserved last week by the state’s financial regulator, with the National Credit Union Administration (NCUA) named conservator. No specific reason for the conservatorship was […]

Credit union slapped with $1.5 million fine over ‘botched’ online banking system rollout blocking consumer account access

October 31, 2024 0

A credit union in Jacksonville, Fla., faces at $1.5 million fine for allegedly “stranding consumers” from accessing their money and accounts resulting from the “botched” rollout of a new online banking system, the federal consumer […]

Agency prohibits four former credit union workers from working at financial institutions

October 31, 2024 0

Four former credit union employees were prohibited in October from further service at federally insured financial institutions, their federal regulator said Thursday, with one in the wake of a $211,000 theft. The National Credit Union […]

Veteran in ethics, anti-harassment programs named permanent chief compliance officer for credit union regulator

October 31, 2024 0

Certifying compliance with federal ethics laws and regulations, and promoting a culture of accountability and integrity, are two of the roles assigned to the new chief ethics counsel for the federal credit union regulator, the […]

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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 [...]
CRA resumes six-year ping-pong role as banking agencies announce intent to rescind latest version adopted two years ago

March 28, 2025 0

The regulation implementing anti-redlining laws will change for a third time in the last six years, according to the federal banking regulators who have agreed to rescind the latest changes adopted in 2023, the agencies said Friday. In joint releases, [...]
CFPB ‘will not prioritize’ enforcement, supervision of payday rule penalty limits

March 28, 2025 0

Penalties or fines related to the payment withdrawal and payment disclosure provisions of the agency ‘s 2017 payday rule will not be an enforcement or supervision priority of the Consumer Financial Protection Bureau (CFPB) beginning March 30, when the rule [...]
Calling past crypto approach ‘flawed,’ FDIC gives banks green light on ‘permissible’ activities

March 28, 2025 0

Banks may “engage in permissible crypto-related activities” without receiving prior approval from the federal bank deposit insurance agency, it said in a financial institution letter (FIL) issued Friday. The guidance provided by the Federal Deposit Insurance Corp. (FDIC) essentially mirrors [...]
Bureau moves to vacate settlement over ‘redlining’ against small firm

March 28, 2025 0

Calling it a “harassment saga,” the consumer financial protection agency moved March 26 to vacate a 2024 settlement reached between it and a firm it previously alleged had violated the Equal Credit Opportunity Act and its regulation B. The Consumer [...]