NCUA – Page 77 – 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

Agency continues offsite exam program, but signals that exam reports will once more be issued

May 28, 2020 0

The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit […]

Letter outlines new methodology for counting military as ‘low-income’ credit union members

May 28, 2020 0

Designating military personnel as “low-income” credit union members, announced May 7, requires some changes in how the federal credit union regulator counts those members – but that won’t require federally insured credit unions (FICUs) to […]

BSA webinar slated June 17 for credit unions, will cover training matters, case studies

May 27, 2020 0

“Best practices” and pitfall avoidance for credit union Bank Secrecy Act (BSA) compliance programs will be discussed during a slated June 17 and hosted by the National Credit Union Administration (NCUA), the agency announced Wednesday. […]

NCUA’s Hood, writing FCC, backs idea of allowing some auto-dialed calls to consumers under emergency exception

May 26, 2020 0

The chairman of the governing board of the federal credit union regulatory agency has lent his support to a third-party petition to the Federal Communications Commission (FCC) that seeks the ability for financial institutions to […]

NCUA on-demand webinar gives overview of Central Liquidity Facility enhancements under CARES Act, more

May 26, 2020 0

A 40-minute webinar explaining the workings of the Central Liquidity Facility (CLF) is available on demand via the National Credit Union Administration’s (NCUA) website, the agency said Tuesday. The webinar, with opening remarks by NCUA […]

NCUA reminds May 31 is deadline to apply for streamlined CDFI certification process

May 22, 2020 0

A reminder that credit unions have only until May 31 to apply to use the National Credit Union Administration’s streamlined process for obtaining community development financial institution (CDFI) certification was issued by email Friday by […]

Credit union regulator is first among federal regulators to bid bank regulator fond farewell

May 22, 2020 0

Outgoing Comptroller of the Currency Joseph Otting received a warm farewell from the board chairman at the federal credit union regulator Friday, the first (and, so far, only) of the national bank regulator’s federal regulator […]

Lenders can report on Paycheck Protection Program loans beginning Friday; SBA issues details

May 21, 2020 0

Lenders that participated in the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) can begin reporting on PPP loans and collecting the processing fee on fully disbursed loans that they are eligible to receive, NCUA […]

Agency proposes alternative to signature card for joint ownership accounts

May 21, 2020 0

The signature card requirement necessary to show joint ownership of a federally insured account in a credit union could be satisfied by information contained in the account records under a rule proposed Thursday by the […]

Credit union prompt corrective action rules eased for COVID-19

May 21, 2020 0

An earnings retention requirement would be waived for “adequately capitalized” credit unions and net worth restoration plan requirements eased for some “undercapitalized” credit unions under an interim final rule approved Thursday by the federal credit […]

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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 [...]