NCUA – Page 85 – 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

Agency outlines strategies for credit unions to take in serving members during coronavirus crisis

March 16, 2020 0

Strategies credit unions may consider when determining how to work with their members to address the impact and challenges of COVID-19, the coronavirus, are outlined in a new letter to credit unions sent to them […]

Report: Credit union regulator moving to remote exams as coronavirus spreads

March 16, 2020 0

A temporary offsite examination program “posture” is being phased in by the federal credit union regulator in response to the spreading coronavirus as the agency gets ready for a full remote exam program taking effect […]

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 […]

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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 [...]