NCUA

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[ November 26, 2024 ] Weaknesses in process for escalating supervisory concerns need to be addressed, report contends FDIC
[ 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

Credit union regulator board chair to lead federal examination council

April 1, 2021 0

Credit union regulator board Chairman Todd Harper has been named chairman of the umbrella group that coordinates actions of federal financial institution regulators, the group said Thursday. Harper, chairman of the National Credit Union Administration […]

IN credit union shuttered after brief conservatorship; first liquidation of 2021

March 31, 2021 0

The tiny Indianapolis’ Newspaper Federal Credit Union in Indianapolis, Ind., conserved in January, on Wednesday became the first federally insured credit union closed in 2021, its federal regulator announced. The National Credit Union Administration (NCUA) […]

Not a goodfella: former Iowa credit union worker prohibited after copping guilty plea to bank fraud

March 31, 2021 0

A former Iowa credit union worker was prohibited from ever again working in a federally insured financial institution after being sentenced on a charge of bank fraud, the credit union federal regulator said Wednesday. According […]

Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning

March 30, 2021 0

Title: Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning Subject: FIs’ use of artificial intelligence Agency: CFPB, FDIC, Federal Reserve, NCUA, OCC Status: Request for information and comment […]

Agencies’ RFI asks how financial institutions use AI for fraud prevention, underwriting, more

March 29, 2021 0

Information on how financial institutions use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought under a request for information announced Monday by federal bank, […]

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Weaknesses in process for escalating supervisory concerns need to be addressed, report contends

November 26, 2024 0

The process for escalating supervisory concerns at banks and other regulated institutions has weaknesses that should be addressed, according to a report issued Tuesday. The Government Accountability Office (GAO) said bank failures in 2023 “raised questions about federal regulators’ ability [...]
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 [...]

Credit union regulator board chair to lead federal examination council

IN credit union shuttered after brief conservatorship; first liquidation of 2021

Not a goodfella: former Iowa credit union worker prohibited after copping guilty plea to bank fraud

Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning

Agencies’ RFI asks how financial institutions use AI for fraud prevention, underwriting, more

$106M Texas credit union conserved; regulator mum on its future

Credit union regulator extends comment deadline on CUSO proposal 30 days

Financial stability council slates climate change, COVID-19 developments for March 31 meeting

Credit union regulator slates webinar on AML/BSA compliance

Weaknesses in process for escalating supervisory concerns need to be addressed, report contends

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

Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme