NCUA – Page 58 – 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

THIS WEEK: Fed governors talk AI, monetary policy; NCUA Board meets on CAMELS, risk-based capital

January 11, 2021 0

Federal Reserve board governors will discuss artificial intelligence, the economy, and the Fed’s monetary policy framework in a variety of forums as the federal regulator of credit unions on Thursday takes up a number of […]

NCUA, in letter, encourages credit unions to expand to underserved areas

January 11, 2021 0

Citing the aim of promoting greater financial inclusion and helping communities meet the challenges of the ongoing COVID-19 pandemic, the federal regulator of credit unions is encouraging eligible institutions – federal credit unions (FCUs) with […]

Hood names Hauptman liaison to two credit union groups

January 11, 2021 0

The chairman of the National Credit Union Administration (NCUA) Board on Monday said he has assigned Kyle Hauptman, the board vice chairman, to serve as the board’s liaison to the Defense Credit Union Council (DCUC) […]

Agency encourages eligible credit unions to apply for multiple-type membership approach

January 8, 2021 0

A federal credit union with a multiple common bond field of membership may include in its field of membership underserved communities as defined by the Federal Credit Union Act, the federal credit union regulator said […]

Jan. 11 webinar to look at features of new Paycheck Protection Program

January 8, 2021 0

An overview of the new Paycheck Protection Program (PPP) features included in the massive coronavirus crisis relief legislation passed by Congress late last month will be provided in a webinar on Monday (Jan. 11) sponsored […]

Credit union regulator sets long agenda for board meeting – perhaps last for current chairman

January 7, 2021 0

Nine items – including a proposal on risk-based net worth (complex threshold), an advance notice of proposed rulemaking on simplification of risk based capital requirements and four other final or proposed rules – are all […]

NCUA updates guidance, templates for community charter conversions, expansions

January 7, 2021 0

Revisions in the agency’s chartering and field of membership manual in recent years are reflected in revised guidance and templates issued Wednesday in a Letter to Federal Credit Unions from the National Credit Union Administration […]

Regulator points to key provisions in COVID-19 relief bill for credit unions

January 7, 2021 0

A number of provisions contained in the massive appropriations and coronavirus relief legislation signed into law Dec. 27 are highlighted by the federal credit union regulator in a letter to credit unions, sent Thursday. The […]

Operating fees, share insurance deposit adjustments due from credit unions April 15

January 7, 2021 0

Federal credit unions’ (FCUs) operating fees and all federally insured credit unions’ (FICUs’) 1% share insurance deposit adjustments will be invoiced in March and due to be paid no later than April 15, the National […]

Tiny credit union in SC conserved by federal regulator

January 6, 2021 0

The $4.5 million-in-assets, 785-member C O Federal Credit Union of Charleston, S.C., has been placed in conservatorship because of unsafe and unsound practices, the National Credit Union Administration (NCUA) announced late Monday. The agency said […]

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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 [...]