NCUA – Page 72 – 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

Final reg on FOM, CECL transition proposed rule slated July 30 by NCUA Board

July 23, 2020 0

The board of credit unions’ federal regulatory agency will consider a final rule on chartering and field-of-membership, a proposed rule on credit unions’ transition to the accounting industry’s “current expected credit losses” (CECL) methodology, and […]

Eugene Schied named as NCUA’s chief financial officer

July 21, 2020 0

Eugene H. Schied has been named chief financial officer (CFO) for the National Credit Union Administration (NCUA), succeeding Rendell Jones, who became the agency’s deputy executive director this January, the agency said Tuesday. Schied joined […]

Credit union regulator nominee sticks mostly to script, answers some questions, faces some criticism

July 21, 2020 0

The nominee for a seat on the federal credit union regulator’s board stayed close to the script of his opening statement and faced limited questions during a hearing Tuesday before a Senate committee. After Kyle […]

3 priorities for NCUA Board nominee Hauptman: Pandemic, technology, ‘aligning’ incentives

July 20, 2020 0

Managing the fallout from the current pandemic, expanding technology’s role in reaching the underserved, and aligning incentives to promote sound credit union performance are the three priorities outlined briefly in written testimony slated Tuesday by […]

NCUA webinar next week focuses on disabilities act, financial inclusion

July 17, 2020 0

Federally insured credit unions can register now for a two-hour webinar slated by their federal regulator July 23 on financial inclusion for persons with disabilities and the 30th Anniversary of the Americans with Disabilities Act […]

In face of continuing coronavirus crisis, credit union regulator updates supervisory priorities

July 15, 2020 0

Anti-money laundering efforts, use of aid to deal with the coronavirus crisis, credit risk management and LIBOR transition are all among the updated items in the list of regulatory priorities released by the federal credit […]

Regulators for Federal Reserve, credit union agency, up for consideration in pair of hearings July 21

July 13, 2020 0

A vote on recommending for confirmation two nominees to the Federal Reserve Board, and a hearing on the nomination of a member of the federal credit union regulator’s board, have been scheduled for next week […]

July 14 call to provide update on SBA programs, including PPP

July 10, 2020 0

Updates to the Small Business Administration’s (SBA) lending programs, including the Paycheck Protection Program implemented under the CARES Act, will be provided during a conference call slated for 3 p.m. ET next Tuesday, the federal […]

NCUA legal opinion: ‘Reasonable proximity’ not a mileage issue

July 7, 2020 0

A June legal opinion from the federal credit union regulatory agency notes that the “reasonable proximity” requirement under the Federal Credit Union Act doesn’t set a maximum distance between the location of a group that […]

Credit union regulator taking action ‘immediately’ on rural membership applications delayed by now-resolved lawsuit

July 7, 2020 0

Any federal credit union that had a rural district membership eligibility application postponed – for, in some cases, nearly two years — as a result of a now-resolved lawsuit will see its application processed immediately, […]

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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 [...]