NCUA – Page 68 – Regulatory Report

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[ 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
[ April 1, 2025 ] Three state financial institution regulators named to liaison group for Exam Council Other

Federal credit union regulator issues final corporate reg addressing investment in CUSOs, board makeup, more

October 15, 2020 0

A final rule intended to update, clarify, and simplify the agency’s regulation on corporate credit unions – including their investment in credit union service organizations (CUSOs) – was issued by unanimous vote Thursday of the […]

Agencies exempt loans for property, casualty insurance policies from customer ID program rules

October 9, 2020 0

An exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks and credit unions and their subsidiaries to all customers to facilitate purchases of property and casualty insurance policies […]

Derivatives proposal, final on corporate credit unions slated next week at NCUA

October 8, 2020 0

A proposed rule on derivatives and a final rule on corporate credit unions are the key regulatory actions slated for the National Credit Union Administration (NCUA) Board’s open meeting Oct. 15, according to an agenda […]

Credit union regulator to host webinar on financial inclusion and minority depository institutions

October 5, 2020 0

A webinar on financial inclusion and minority depository institutions will be hosted at 2 p.m. ET on Oct. 21 by the National Credit Union Administration (NCUA), the agency said Monday. Titled “Pathways to Consumer Financial […]

Credit union regulator prohibited former worker in PA during September

September 30, 2020 0

A former worker at a Pennsylvania credit union was prohibited in September from working or serving as an official of a federally insured financial institution, the federal credit union regulator said Wednesday. In a release, […]

Letter reminds credit unions that new membership rules with new ‘service area’ meaning take effect Oct. 14

September 28, 2020 0

With an impending date of changes to membership rules coming in just under three weeks, federal credit unions were reminded by their regulator Monday that they may use a new definition of a service area […]

NCUA among agencies speaking in BSA Coalition meeting next week

September 18, 2020 0

Credit unions were encouraged by their federal regulator Friday to sign up for a BSA Coalition webinar slated next Thursday on potential regulatory changes and “status of initiatives in 2020.” The BSA Coalition describes itself […]

Share insurance fund down to 1.22% of insured credit union shares in June, nearing ‘restoration plan’ trigger; no premium planned for now

September 17, 2020 0

Federal credit union regulators, for now, have no plans to assess a premium on insured credit unions despite the deep decline from December 2019 to June 2020 in the equity ratio of the fund that […]

New exam system closer to rollout, credit union regulator indicates; appraisal rule OK’d, joint BSA exemption green-lighted

September 17, 2020 0

Next year is targeted for the official rollout of a new, modernized examination program from the federal regulator that will phase in applications by credit unions depending on their examination date, according to a briefing […]

Credit union regulator becomes latest to bolster plans for ‘innovation’ focus, with hint of new department

September 16, 2020 0

A focus on “innovation” – through the creation of a separate department – is on the radar for yet another federal financial institution regulatory agency, this time the regulator of credit unions and with a […]

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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 [...]
NCUA bars 6 from future work in federally insured financial institutions

March 31, 2025 0

Six former credit union employees, two of them former CEOs, were barred in March from any future involvement in the affairs of any federally insured financial institution, the National Credit Union Administration said Monday. In all, the agency said it [...]