NCUA – Page 59 – Regulatory Report

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[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC
[ 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

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 […]

NCUA Board OKs use of alternative records to show a joint account qualifies separately for share insurance

February 18, 2021 0

A final rule permitting the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts was […]

Joint credit union regulator, tax agency webinar to look at earned income tax credit, VITA programs

February 17, 2021 0

A webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs will be held Feb. 23 and co-sponsored by the federal credit union regulator and the Internal Revenue Service (IRS), the […]

Credit union regulator’s funds earn ‘clean’ opinions – but big challenges loom in year ahead, report says

February 16, 2021 0

While four funds administered by the federal credit union regulator all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for credit unions that could […]

Final rule on joint ownership accounts, NCUSIF report slated Feb. 18

February 11, 2021 0

A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open meeting to be held virtually next Thursday by […]

NCUA urges ECIP-eligible credit unions to start working on applications now

February 11, 2021 0

Eligible credit unions interested in getting some of the $9 billion in capital provided for under the recently enacted Emergency Capital Investment Program at Treasury were encouraged to begin working on their applications sooner rather […]

Agency reminds credit unions of March 1 HMDA filing date

February 10, 2021 0

Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, their federal regulator told them Wednesday. In a Regulatory Alert (21-RA-03), the National Credit […]

Week ahead: Fed chief discusses jobs market, credit union agency head outlines priorities

February 5, 2021 0

The state of the U.S. labor market will be the focus of remarks next week by the chair of the nation’s central bank to a New York group, and priorities for the new chairman of […]

NCUA letter notes 2021 asset-size threshold adjustments under mortgage, credit report rules

February 4, 2021 0

Asset-size threshold adjustments for 2021 under federal mortgage regulations, and the annual adjustment for consumer report fee limits, are detailed for credit unions in National Credit Union Administration (NCUA) Letter to Credit Unions 21-RA-02, released […]

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Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC

April 4, 2025 0

Two banks earned ratings of “needs improvement,” and three others scores of “outstanding” — out of 61 total banks — for their compliance with anti-redlining regulations, the federal bank deposit insurance agency said Friday in releasing its April grades. The [...]
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 [...]