NCUA – Page 6 – Regulatory Report

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[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other
[ December 20, 2024 ] OCC annual report notes sound banking system, but urges banks to guard against complacency OCC
[ December 19, 2024 ] More than one-third of workers at FDIC witnessed or experienced sexual harassment, report asserts FDIC

Need to talk technology issues with credit union regulator? Agency sets up August, November office hours

June 5, 2024 0

Scheduling time to discuss credit union financial technology with their federal regulator will be possible with “office hours” set up by the agency, it said Wednesday. The office hours will be Aug. 20-22 and Nov. […]

4 former credit union employees barred in May include one sentenced to jail

May 31, 2024 0

Four former credit union employees – one of whom was sentenced in April after being charged then pleading guilty to numerous counts that included grand theft and forgery – are permanently barred from participating in […]

Credit union regulator makes clear: no federal savings insurance for crypto, digital assets

May 28, 2024 0

There is no federal savings insurance coverage for cryptocurrencies and digital assets at most credit unions according to a new section of frequently asked questions (FAQs) on financial technology in the regulator’s website, the agency […]

Agency charters second credit union this year (in MN); first under provisional charter program

May 28, 2024 0

A second credit union has been chartered this year by the federal regulator, this one in Minneapolis, the agency said Tuesday. Tribe Federal Credit Union (FCU) was chartered as the first FCU by the National […]

NCUA launches decennial review of its regulations

May 23, 2024 0

Action to launch a voluntary regulatory review that the federal credit union regulator says will be comparable to that conducted by federal banking regulators under a 1996 statute was approved unanimously by its governing board, […]

Credit unions with ‘3’ rating grow assets, reduce number, regulator board hears, in its last meeting until July

May 22, 2024 0

Credit unions with a “3” in the supervisory rating system added assets in the first quarter, the board of their federal regulator heard Wednesday in what turns out to be their last meeting until July. […]

Credit union regulator sets report on savings insurance fund, with or without chairman’s attendance

May 17, 2024 0

A quarterly report on the federal insurance program for savings at credit unions is the only item appearing on the May meeting of the credit union regulator’s board, the agency said late Thursday. The National […]

NCUA says chairman taking time off for back surgery

May 13, 2024 0

Todd Harper, the chairman of the federal agency that regulates credit unions, told staff Monday that he will be taking time off to undergo and recover from back surgery, the agency said in a release. […]

Agencies re-issue proposal on incentive-based compensation; seek more risk-sensitive approach

May 6, 2024 0

Incentive-based compensation arrangements are addressed in a proposal to make those more sensitive to risk was issued – or scheduled to be adopted — Monday by federal banking and credit union regulators, among others. The […]

Credit union regulator delays board meeting for May by about one week

May 6, 2024 0

A rescheduled meeting – to May 22 – was announced Monday by the federal credit union regulator’s board, changing the date from May 16. The National Credit Union Administration (NCUA) Board gave no reason for […]

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Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]