NCUA – Page 81 – Regulatory Report

What's up

[ 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

Real Estate Appraisals

April 20, 2020 0

Title: Real Estate Appraisals Subject: Appraisals (coronavirus response) Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is adopting as final an interim final rule to temporarily amend its regulations requiring all federally insured […]

NCUA letter notes last week’s temporary rule changes amid coronavirus crisis, other relief

April 20, 2020 0

A new letter from the federal regulator of credit unions offers a quick summary of last week’s temporary rule changes for credit unions’ occupancy and disposal of acquired and abandoned premises, purchase of eligible obligations, […]

Temporary rules for credit unions on appraisal deferrals, loan participations set to take effect Tuesday

April 20, 2020 0

New interim final rules for credit unions on a temporary deferment of appraisals and raising the maximum amount of loan participations go into effect Tuesday, when they are scheduled to be published in the Federal […]

Regulators reschedule webinar for April 24, will focus on loan modifications during the pandemic

April 16, 2020 0

Accounting and regulatory reporting considerations of a revised interagency statement issued April 7 on loan modifications and reporting by financial institutions working with customers affected by the coronavirus (COVID-19) are the subject of a webinar […]

Credit unions urged to join CLF to maximize liquidity available to credit unions, share insurance fund

April 16, 2020 0

The federal regulator of credit unions issued a letter to the industry Thursday emphasizing the importance of as many credit unions as possible subscribing to its liquidity facility to maximize support to all credit unions, […]

Credit union regulator adopts temporary reg relief, appraisal relief amid COVID-19; appraisal threshold raised to $400k

April 16, 2020 0

Two interim final rules to give regulatory relief, as well as temporary real estate appraisal relief, to credit unions through Dec. 31 of this year amid the ongoing coronavirus (COVID-19) pandemic were adopted unanimously by […]

Agencies emphasize risk-focused approach in BSA/AML exam manual updates

April 15, 2020 0

Updates to the manual used to guide examinations of banks’ and credit unions’ compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements – to promote transparency but setting no new requirements – were released Wednesday by […]

Banking agencies establish 120-day temporary deferrals for real estate appraisals, evaluations

April 15, 2020 0

Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]

Alert urges credit unions to adopt, renew policies associated with cybersecurity risks to remote work

April 14, 2020 0

Drawing attention to the cybersecurity risks associated with the increasing incidence of remote work, conference calls, and video meetings during the coronavirus crisis, a “risk alert” was issued Tuesday by the federal credit union regulator […]

Enhancements approved for liquidity arm of credit union regulator in wake of CARES Act

April 14, 2020 0

Eliminating the six-month waiting period for new members to receive a loan is one of several “enhancements” for the lending arm of the federal credit union regulator that was approved by the agency’s board Monday. […]

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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 [...]