NCUA – Page 71 – Regulatory Report

What's up

[ 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

NCUA’s Harper appointed to NeighborWorks America board

August 6, 2020 0

National Credit Union Administration (NCUA) Board Member Todd Harper was named Thursday by the agency’s chairman to the board of NeighborWorks America, a public-private organization that works to promote affordable housing and community development, the […]

Nominee for credit union regulator board advances after criticism from panel’s top Democrat

August 5, 2020 0

The nomination of a new member to the board of the federal regulator of credit unions was recommended for confirmation by the Senate Banking Committee Wednesday, but only after receiving some opposition by the panel’s […]

Regulator urges more credit unions to complete diversity self-assessment

August 3, 2020 0

More credit unions are being urged by their federal regulator to complete the Annual Voluntary Credit Union Diversity Self-Assessment as a “small step” toward real changes in social justice, according to a letter from the […]

Former FL credit union worker prohibited after sentencing for ID theft, embezzlement, fraud

July 31, 2020 0

Sentencing on charges of identity theft, embezzlement, fraud, and theft led to the prohibition of a Florida credit union employee from future participation in the affairs of any federally insured financial institution, the federal credit […]

NCUA operating fee rule changes would exclude PPP loans, revise asset calculation; comments sought on op fee, overhead transfer rate methodologies

July 30, 2020 0

A proposed rule to revise how federal credit union (FCU) assets are calculated for operating fee assessment purposes and another on the methodologies used in setting the agency’s operating fee schedule and overhead transfer rate […]

CECL’s ‘day one’ effects on credit union capital would be phased in over 3 years under proposed rule

July 30, 2020 0

A proposal that would phase in over three years the “day one” adverse effects on credit unions’ regulatory capital under the “current expected credit losses” (CECL) accounting standard, but which would exempt small credit unions […]

Combined statistical area with population up to 2.5 million once again deemed a ‘well-defined’ local community an FCU may serve

July 30, 2020 0

A federally chartered credit union will once again be able to seek to serve a combined statistical area (CSA) as a “well-defined” local community if that area has a population no greater than 2.5 million […]

Hood reiterates board’s plan for CECL action Thursday in remarks to credit union group

July 29, 2020 0

Queuing up Thursday’s planned action regarding the credit loss accounting standard, National Credit Union Administration (NCUA) Board Chairman Rodney Hood told a credit union group Wednesday that he remains concerned about the standard’s potential impact […]

August webinar focuses on credit union lending to small-business exporters

July 28, 2020 0

A webinar for credit unions, “Export Financing for Your Small Business Members,” will be hosted Aug. 19 by the National Credit Union Administration (NCUA) and feature Export-Import Bank staff providing a look at the bank’s […]

NCUA alert details mortgage servicers’ COVID-19-related loss mitigation options

July 28, 2020 0

An interim final rule detailing how mortgage servicers can provide COVID-19-related forbearance based on their evaluation of limited information collected from a borrower – and which took effect July 1 – is outlined in 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 [...]