NCUA – Page 84 – Regulatory Report

What's up

[ 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

Loan rate ceiling for federal credit unions unchanged at 18%, until September 2021

January 23, 2020 0

Continuing a rate cap in place since 1987, the federal credit union (FCU) regulator on Thursday approved continuing the 18% loan interest-rate ceiling in effect for loans made by federal credit union loans for another […]

Proposed rule intended to ‘clarify’ regs governing credit union acquisition of banks (or ‘combination transactions’)

January 23, 2020 0

A new rule intended to clarify requirements for a federally insured credit union (FICU) when it proposes to acquire or merge with a bank or other institution was proposed by the National Credit Union Administration […]

Regulator proposes additional capital option as subordinated debt for some credit unions

January 23, 2020 0

A 275-plus page – and controversial – proposal to give some federally insured credit unions the ability to issue subordinated debt to help them meet their risk-based capital requirements was issued for a 120-day comment […]

Pair of Fed nominations leaves three seats in regulatory leadership yet to be resolved

January 22, 2020 0

Forty percent of the seats to be filled for federal financial institution regulatory leadership were addressed last week when the White House announced the president’s intention to nominate two to the Federal Reserve Board – […]

Operations director named for Western Region of federal credit union regulator

January 21, 2020 0

The associate regional director of operations for the Western Region of the federal credit union regulator assumed her new role Jan. 5, the agency said in a release Tuesday. Julie Cayse took on the job, […]

Credit union regulator’s board to consider supervisory, personnel actions Thursday

January 21, 2020 0

A closed meeting slated Thursday by the board of the federal credit union regulatory agency will include consideration of one supervisory action and two personnel actions, all of which are closed to the public under […]

Regulator to consider proposal allowing some credit unions to issue subordinated debt to raise capital

January 16, 2020 0

A proposed rule to allow some federally insured credit unions (FICUs) to count subordinated debt as capital for risk-based net worth purposes will be considered by the board of the federal credit union regulator at […]

Agency reportedly planning sale of credit union taxi cab medallion loans

January 15, 2020 0

A sale of all of the thousands of loans for taxi medallions is planned by the federal credit union regulator, according to press reports this week. The agency had no comment on the reports. According […]

NCUA monitoring conditions in earthquake-torn Puerto Rico for impacts on 7 credit unions there

January 10, 2020 0

The federal regulator of credit unions is “closely monitoring” the aftermath of the recent earthquakes in Puerto Rico and will be ready, if needed, to provide operational assistance to the seven federally insured credit unions […]

Agency reminds that credit union voluntary diversity self-assessments for 2019 due by Jan. 15

January 10, 2020 0

Credit unions’ voluntary assessments of diversity for 2019 are due Jan. 15 to their federal regulator, the agency reminded the financial institutions Friday. According to the National Credit Union Administration (NCUA), the self assessment – […]

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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 [...]