NCUA – Page 83 – Regulatory Report

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[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed
[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB
[ November 21, 2024 ] Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted NCUA
[ November 21, 2024 ] CFPB publishes adjustments to thresholds under TILA, FCRA CFPB

Examiners dropped the ball on C B S Employees FCU, IG says; failure cost share insurance fund $39.5 million

February 18, 2020 0

The former CEO of the now-defunct C B S Employees Federal Credit Union of Studio City, Calif., got away with embezzlement for about 20 years undetected by staff or the credit union’s federal regulatory agency […]

Credit union regulator funds get clean audit opinions for 2019; top agency challenges also noted

February 14, 2020 0

The four funds administered by the federal regulator of credit unions – the National Credit Union Share Insurance Fund (NCUSIF), the agency’s operating fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan […]

Credit union regulator board to consider final policy statement on ACL under CECL

February 13, 2020 0

A final interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at credit unions will be considered by the federal credit […]

NCUA inviting input until Aug. 3 on 16 regs under review in 2020

February 11, 2020 0

One-third of the regulations published by the federal regulator of credit unions is under review this year, and the agency is accepting input on those rules until Aug. 3. The National Credit Union Administration (NCUA) […]

Six small CUs agree to pay small fines for failing to file call reports on time

February 4, 2020 0

Six credit unions will pay a total of $2,259 in civil money penalties (CMPs) for filing late call reports at mid-year, the federal credit union regulator said Monday. The National Credit Union Administration (NCUA) said […]

Credit union regulator bars seven from future service in federally insured FIs

January 31, 2020 0

Seven former credit union employees were barred from any future involvement in the affairs of a federally insured financial institution under six prohibition notices and one order issued in January, according to a release Friday […]

Special closed meeting set Feb. 6 for NCUA Board

January 30, 2020 0

A supervisory matter is the sole agenda item published for a Feb. 6 special meeting announced Thursday for the National Credit Union Administration (NCUA) Board. The meeting is set for 10 a.m. in the board […]

Comments due March 30 on rules for credit unions’ bank acquisitions

January 30, 2020 0

A proposed rule to add regulatory language governing credit unions’ acquisitions of bank assets has a public comment deadline of March 30, according to a notice in Thursday’s Federal Register. The proposal, released Jan. 23 […]

Combination Transactions with Non-Credit Unions; Credit Union Asset Acquisitions

January 29, 2020 0

Title: Combination Transactions with Non-Credit Unions; Credit Union Asset Acquisitions Subject: Acquisitions Agency: NCUA Status: Proposed rule; reopening of comment period Summary: The NCUA Board (Board) proposes to add subpart D to part 708a of […]

NCUA names new executive director as incumbent announces retirement; other personnel actions revealed

January 23, 2020 0

A new executive director – the highest staff position – for the federal credit union regulator was named Thursday following the announcement of the retirement of the current incumbent in the position. The agency also […]

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Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]