NCUA – Page 54 – Regulatory Report

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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

Hood tapped to represent NCUA at NeighborWorks America

March 2, 2021 0

National Credit Union Administration (NCUA) Board Member Rodney Hood has been named the agency’s representative on the board of NeighborWorks America, a public-private organization that promotes affordable housing and community development, NCUA Chairman Todd Harper […]

Former NY credit union supervisory committee member is barred

February 26, 2021 0

A former credit union supervisory committee member who pleaded guilty to a charge of embezzlement has been barred from future service in any federally insured financial institution, according to the single February enforcement order announced […]

Agencies update 4 sections of BSA/AML exam manual

February 25, 2021 0

Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by federal banking and credit union regulators and the State Liaison Committee of the Federal Financial Institutions Examination Council […]

Credit Union Service Organizations (CUSOs)

February 25, 2021 0

Title: Credit Union Service Organizations (CUSOs) Subject: CUSOs Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is seeking comment on a proposed rule that would amend the NCUA’s credit union service organization (CUSO) […]

Agencies outline supervisory practices in response to impact of Texas winter storm from power outages, more

February 23, 2021 0

Encouraging institutions to alter loan terms, easing of regulatory reporting requirements, and other supervisory practices in response to the impact of the Texas winter storms were outlined Monday by the federal financial institution regulators in […]

Risk-Based Net Worth – COVID-19 Regulatory Relief

February 22, 2021 0

Title: Risk-Based Net Worth – COVID-19 Regulatory Relief Subject: Risk-based net worth; COVID-19 Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is issuing this proposal to raise the asset threshold for defining a […]

Corporate Credit Unions

February 22, 2021 0

Title: Corporate Credit Unions Subject: Corporate credit unions; subordinated debt Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is issuing a final rule that amends the NCUA’s corporate credit union regulation. The final […]

Final rules on subordinated debt, proposal on risk-based capital changes to finally be published

February 22, 2021 0

Final rules on subordinated debt and corporate credit unions – and a proposed rule on risk-based net worth, COVID-19 regulatory relief – are scheduled to be published in the Federal Register Tuesday, which opens the […]

OIG: NCUA consumer complaint processing hits marks overall, but improvements needed in internal controls, communications

February 19, 2021 0

An audit of the federal credit union regulator’s consumer complaint program produced good marks overall but identified issues surrounding internal controls over complaint processing and communications with stakeholders, a report released recently shows. The audit […]

Share insurance fund closed 2020 with 1.26% equity ratio; deposit growth pressure continues

February 18, 2021 0

The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]

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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 [...]