NCUA

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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

Guide provides details to new ‘other supervisory committee audit’ option procedures, effective Jan. 6

January 9, 2020 0

A new guide to minimum procedures for federally insured credit unions using the “other supervisory committee audits” option was issued Wednesday by the institutions’ federal regulator. The National Credit Union Administration (NCUA) said it issued […]

Credit union regulator’s priorities in New Year lead with AML/BSA, consumer financial protection, cybersecurity

January 8, 2020 0

Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]

Federal credit unions have to April 15 to pay operating fees; insurance fund capitalization adjustments due too

January 6, 2020 0

Federally chartered credit unions (FCUs) have until April 15 to pay their 2020 operating fees to their federal regulator, which are generally higher than the 2019 fees, the regulator said Monday. The National Credit Union […]

Credit union regulator issues two prohibition notices in December

December 31, 2019 0

One prohibition notice and one prohibition order were issued by the federal credit union regulator in December, the agency said Tuesday, essentially meaning the individuals subject to the actions are prohibited from participating in the […]

NCUA updating operating agreements with state supervisors, follow-up process on reviews of state exam reports

December 30, 2019 0

The federal regulator of credit unions is working to update operating agreements with state supervisors and plans to create a formal process for improving documentation of supervisory examiner decisions following its own reviews of state […]

IG’s info security report on NCUA cites control weaknesses, makes 15 recommendations

December 18, 2019 0

Fifteen recommendations for strengthening the National Credit Union Administration’s (NCUA) information security program are detailed in a fiscal 2019 inspector general report on the agency’s compliance with the Federal Information Security Modernization Act of 2014 […]

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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 [...]

Guide provides details to new ‘other supervisory committee audit’ option procedures, effective Jan. 6

Credit union regulator’s priorities in New Year lead with AML/BSA, consumer financial protection, cybersecurity

Federal credit unions have to April 15 to pay operating fees; insurance fund capitalization adjustments due too

Credit union regulator issues two prohibition notices in December

NCUA updating operating agreements with state supervisors, follow-up process on reviews of state exam reports

IG’s info security report on NCUA cites control weaknesses, makes 15 recommendations

Credit unions overwhelmingly post positive net income, but membership lagging, report indicates

Credit union regulator delays capital rule to 2022; board member indicates new ‘suite’ of capital proposals coming soon

Credit unions’ 12-month loan growth declines in third quarter as deposit growth rises; ROAA up

NCUA Board slates action on risk-based capital rule delay, 2020-2021 budget

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

Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme