NCUA – Page 5 – Regulatory Report

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[ January 21, 2025 ] Change comes from new administration with new leadership for FDIC, NCUA Boards FDIC
[ January 21, 2025 ] Another freeze on regulations ordered by Trump, pending rule review by his appointees CFPB
[ January 21, 2025 ] FDIC: Fraud suspected in connection with failed Pulaski Savings Bank, closed Friday FDIC
[ January 21, 2025 ] CFPB: TransUnion subsidiary agrees to not seek any bureau contracts for 3 years CFPB
[ January 21, 2025 ] New FDIC leader issues extensive, 15-item list of ‘matters’ he expects for agency’s focus FDIC

Cybersecurity assessment tool (CAT) to be retired next year after decade of service

August 29, 2024 0

A voluntary cybersecurity assessment tool will “sunset” in about one year after 10 years of use, the umbrella group for federal financial institution regulators said Thursday. The Federal Financial Institutions Examination Council (FFIEC) said it […]

In letter to federal credit unions, agency reminds interest rate ceiling extension runs to March ‘26

August 27, 2024 0

The temporary interest rate ceiling of 18% for loans made by federal credit unions (FCUs) will run through March 10, 2026, the federal credit union regulator reminded in a letter issued Tuesday. The National Credit […]

Long-time regulator retires from credit union agency; acting regional director named

August 23, 2024 0

A 37-year veteran of the federal credit union regulator is retiring from the agency, it said Friday, naming an acting regional director for the position she most recently held. The National Credit Union Administration (NCUA) […]

60-day comment period set for proposed data collection standards rule

August 22, 2024 0

Comments are due Oct. 21 on a proposal to establish data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction, the federal financial institution and other […]

Agencies issue joint proposal for data standards rules for information they collect

August 9, 2024 0

Establishing data standards for the collection of information reported to federal financial institution regulators by financial entities under their jurisdiction is the aim of a joint notice of proposed rulemaking (NPR) issued by the agencies […]

Ways to expand credit union membership focus of Aug. 22 NCUA webinar

August 7, 2024 0

Registration is open now for a free webinar to be hosted Aug. 22 by the federal credit union regulatory agency on how to grow membership, the agency said in an “express” message Wednesday. The National […]

NCUA bars 2 former IN, VT credit union employees from future service in insured FIs

August 1, 2024 0

Two former credit union employees were permanently barred from any future work in federally insured financial institutions under consent prohibition orders announced this week by the National Credit Union Administration (NCUA). The individuals – Jose […]

Agencies want to align money laundering, terrorism financing prevention at banks, credit unions with new FinCEN proposals

July 19, 2024 0

Updating the requirements for anti-money laundering/countering the financing of terrorism rule (AML/CFT) compliance at banks and credit unions to match those proposed by law enforcement were proposed by their respective regulators Friday in a joint […]

NCUA issues succession-planning proposal, approves 18% loan-rate cap for another 18 months

July 18, 2024 0

Boards of directors at federally insured credit unions (FICUs) would be required to establish and adhere to processes for succession planning under a proposed rule issued Thursday by the National Credit Union Administration (NCUA) Board. […]

Incentive-based pay proposal issued by credit union regulator

July 18, 2024 0

A proposed rule on Incentive-based compensation at financial institutions with total assets of $1 billion or more – and which was reissued by banking regulators in May – was issued for comment Thursday by the […]

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Change comes from new administration with new leadership for FDIC, NCUA Boards

January 21, 2025 0

Change came rapidly Tuesday to federal financial institution regulatory agencies with the new Trump administration, as at least two new leaders were named at two agencies. More changes could be coming in the days ahead. At the Federal Deposit Insurance [...]
Another freeze on regulations ordered by Trump, pending rule review by his appointees

January 21, 2025 0

No new rules – “in any manner” – may be proposed or adopted by federal regulators, including those overseeing financial institutions until those rules are reviewed and approved by an agency head appointed or designated by the new president, the [...]
FDIC: Fraud suspected in connection with failed Pulaski Savings Bank, closed Friday

January 21, 2025 0

All deposits of Pulaski Savings Bank of Chicago, Ill., were assumed by Millennium Bank of Des Plaines, Ill., under a purchase-and-assumption agreement entered into Friday by the federal bank deposit insurer to protect depositors, the agency said. “The FDIC [Federal [...]
CFPB: TransUnion subsidiary agrees to not seek any bureau contracts for 3 years

January 21, 2025 0

Argus Information and Advisory Services, a subsidiary of the nationwide consumer reporting agency TransUnion, has agreed in writing to not seek any government contract with the Consumer Financial Protection Bureau (CFPB) for three years, the bureau said Tuesday. The bureau [...]
New FDIC leader issues extensive, 15-item list of ‘matters’ he expects for agency’s focus

January 21, 2025 0

A list of 15 “matters” focusing on a range of issues that the new chairman of the Federal Deposit Insurance Corp. (FDIC) Board expects “to focus on in the coming weeks and months” was issued Tuesday by the new leader. [...]
FDIC makes good on now-acting chairman promise to resign from international regulator group focusing on climate-change policy

January 21, 2025 0

True to the word of the now-acting board chairman, the federal bank deposit insurance agency Tuesday withdrew from an international regulators’ group promoting the “greening” of the financial system. In a brief (one paragraph, two-sentence) statement, the Federal Deposit Insurance [...]