NCUA – Page 82 – Regulatory Report

What's up

[ January 10, 2025 ] Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration FDIC
[ January 10, 2025 ] Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover Federal financial regulation
[ January 9, 2025 ] Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval CFPB
[ January 8, 2025 ] Banks in areas affected by California fires may close, OCC proclaims OCC
[ January 7, 2025 ] Final rule limiting use of medical information by creditors, including eligibility for credit, given green light CFPB

Regulator guidance released for FIs in Tennessee dealing with tornado destruction

March 13, 2020 0

The impact of tornadoes in Tennessee on customers and operations of financial institutions in the state is the focus of a Thursday statement issued jointly by federal and state financial institution regulators, which urge institutions […]

UPDATED: House committee chair seeks info from Treasury, financial regulators, trade groups about coronavirus response

March 12, 2020 0

House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and the panel’s task force and subcommittee chairs are is pushing Treasury, financial regulators, financial trades and consumer reporting agencies for action and information on the steps […]

Credit union regulator board bucks streak of open meetings, scheduling none for March

March 12, 2020 0

Only a closed meeting is scheduled next week for the board of the federal regulator of credit unions, the first time in about three years that the regulator has not held a scheduled open meeting. […]

In joint statement, regulators urge financials to work constructively with customers in areas affected by coronavirus

March 9, 2020 0

Financial institutions should work constructively with borrowers and other customers in communities affected by coronavirus outbreaks, federal financial regulators and their state counterparts said in a joint statement issued Monday. The five federal financial regulatory […]

THIS WEEK: Kraninger before Senate Banking; Wells Fargo testimony; CFPB council meetings; NCUA meeting agenda

March 9, 2020 0

This week “springs forward” on the financial regulatory front, with consumer bureau director Kathleen Kraninger testifying before the Senate Banking Committee, Wells Fargo officials getting grilled in the House Financial Services Committee, a webinar on […]

Subordinated Debt

March 9, 2020 0

Title: Subordinated Debt Subject: Capital Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending various parts of the NCUA’s regulations to permit Low-income Designated Credit Unions, Complex Credit Unions, and New Credit […]

UPDATED: Six weeks later, proposed credit union subordinated debt rule finally to begin four-month comment period

March 9, 2020 0

A proposed rule on subordinated debt for credit unions was published Tuesday in the Federal Register, officially opening the four-month-long comment period on the proposal, six weeks after the regulator board voted to issue it […]

Workday strip-club visits, alcohol use, consumption of pot ‘edibles’ cited in OIG report on NCUA’s former top lawyer, deputy

March 6, 2020 0

The former general counsel of the National Credit Union Administration (NCUA), then also the agency’s designated ethics official, retired from the agency a day after his interview with the agency inspector general’s office over allegations […]

UPDATED: NCUA chairman responds to report, now public, about misconduct allegations at agency

March 6, 2020 0

An Office of Inspector General (OIG) report addressing allegations of potential harassment within the federal credit union regulatory agency describes activities that are “unacceptable and do not represent the values of the agency,” the chairman […]

Credit unions earned $14.1 billion in 2019, most profitable year in at least the last 10

March 5, 2020 0

Credit unions earned $14.1 billion in 2019, up 8.8% (or $1.1 billion) from 2018, the federal credit union regulator reported Thursday in releasing year-end financial performance numbers, the most profitable year-end performance in at least […]

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Eying changes ahead this month, FDIC Board vice chair outlines his agenda for new administration

January 10, 2025 0

Work on a “new direction” for the federal bank deposit insurer will begin on Jan. 20, the likely next acting chairman of the agency’s board said Friday, including a lesser focus on process, an “open-minded approach” to innovation and technology, [...]
Bureau seeks public comment on emerging payment mechanisms; proposes rule for how EFTA would cover

January 10, 2025 0

Requirements that apply to emerging payment mechanisms – such as those used in video gaming platforms — are the subject of a proposed interpretive rule issued Friday by the federal consumer financial protection agency. The proposal looks at such payment [...]
Agency recognizes first standard-setting group for ‘open banking;’ conditions apply to five-year approval

January 9, 2025 0

A non-profit organization operating in the United States and Canada is the first to be recognized as a standard-setting body for open banking, the federal consumer financial protection agency said late Wednesday. The application by Financial Data Exchange (FDX) to [...]
Banks in areas affected by California fires may close, OCC proclaims

January 8, 2025 0

National banks and federal savings institutions may close in areas affected by the fires in the Los Angeles area, the national bank regulator said Wednesday. The Office of the Comptroller of the Currency (OCC) said, by its proclamation, it expects [...]
Final rule limiting use of medical information by creditors, including eligibility for credit, given green light

January 7, 2025 0

A regulatory exception that previously permitted a creditor to obtain or use medical information, including medical debt information, is removed under a new rule on medical debt collection issued Tuesday by the federal consumer financial protection agency. The Consumer Financial [...]
CFPB, citing ‘sham investigations,’ says Experian failed consumers who disputed credit report data; suit seeks redress, fines

January 7, 2025 0

A lawsuit alleging that consumer reporting agency Experian unlawfully failed to properly investigate consumers’ disputes over information in their credit reports was filed Tuesday by the Consumer Financial Protection Bureau (CFPB). The CFPB said that Experian Information Solutions, Inc. – [...]
Credit risk, balance sheet management top supervisory priorities in 2025 by credit union regulator

January 7, 2025 0

Credit risk, balance sheet management, and risk to earnings and net worth are among the top supervisory priorities for the federal credit union agency in the new year, it said in a letter to the institutions is supervises Tuesday. The [...]