NCUA – Page 50 – Regulatory Report

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

Credit union regulator to begin ‘first phase’ of resuming onsite operations in some areas

July 14, 2021 0

The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]

NCUA, CFPB, FTC slate fraud webinar July 28 focused on servicemember protections

July 12, 2021 0

A webinar focusing on consumer financial protections for military servicemembers and their families is slated July 28 by the National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and Federal Trade Commission (FTC). The […]

More info, changes to come for Treasury ECIP; 14-day application period extension to follow

July 9, 2021 0

Treasury plans to make clarifications and amendments to a capital investment program created for community development financial institutions (CDFIs) and minority depository institutions (MDIs) that may be disproportionately affected by the economic impacts of the […]

Policy for Setting the Normal Operating Level

July 6, 2021 0

Title: Policy for Setting the Normal Operating Level Subject: NCUSIF normal operating level (NOL) Agency: NCUA Status: Notice; request for comment Summary: The NCUA Board (Board) is requesting public comments on the policy to set […]

CDFI-sponsored federal credit union in PA is second FCU chartered in 2021

July 6, 2021 0

A new federal credit union (FCU) sponsored by a community development financial institution (CDFI) has been chartered to serve the approximately 550,000-person community of Lancaster County in Lancaster, Pa., the National Credit Union Administration (NCUA) […]

CECL transition rule for credit unions effective Aug. 2

July 1, 2021 0

A final rule permitting federally insured credit unions (FICUs) to phase in over three years the day-one adverse effects on net worth of the current-expected-credit-loss (CECL) accounting methodology is set to take effect Aug. 2, […]

3 former credit union employees barred from future service in insured FIs

July 1, 2021 0

Three former employees of credit unions in Oklahoma, Nevada, and Florida are prohibited from any future service in a federally insured financial institution under actions taken in June by the National Credit Union Administration. The […]

Bell tolls for tiny NJ credit union; members now served by PenFed

July 1, 2021 0

The 219-member, $506,000-in-assets Defense Logistics Federal Credit Union in Dover, N.J., was liquidated Thursday after about a 62-year run. The credit union, chartered in 1959, served civilian and military personnel of the Defense Contract Administration […]

Interagency statement notes first-ever AML/CFT national priorities; rules yet to come

June 30, 2021 0

An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]

Capitalization of interest rule for credit unions effective July 30

June 30, 2021 0

A final rule adopted June 24 to permit credit unions to extend financing of interest in connection with loan workouts and modifications is set to take effect July 30, according to a notice Wednesday in […]

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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 [...]