NCUA – Page 86 – Regulatory Report

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[ April 10, 2025 ] Former executive of East St. Louis bank indicted for check-kiting theft of nearly $2 million FDIC
[ April 8, 2025 ] OCC now describes February security breach as ‘major incident’ in report to Congress OCC
[ April 8, 2025 ] FDIC preparing new FAQs on bank resolution plans, waiving some content requirements FDIC
[ April 8, 2025 ] Agency issues latest lists of names, addresses for complying with notices for CRA, ECOA, FHA OCC
[ April 4, 2025 ] Two banks need improvement in CRA compliance, but three earn ‘outstanding’ compliance ratings from FDIC FDIC

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 […]

Regulators honor founding of Freedman’s Bank 155 years ago

March 3, 2020 0

Honoring the 155th anniversary of the “Freedman’s Bank” – the financial institution created in the wake of the Civil War to provide financial services (and opportunity) to recently emancipated enslaved people – brought together federal […]

Eleven barred from future FI service by orders of credit union regulator

February 28, 2020 0

Eleven former credit union employees, two from the same credit union in Michigan and two from the same credit union in Indiana, were barred from future participation in the affairs of any federally insured financial […]

Credit union regulator reprises push for added consumer compliance supervision in speech

February 26, 2020 0

Including “consumer financial protection” among his four priorities as a credit union regulator, National Credit Union Administration (NCUA) Board Member Todd Harper on Wednesday reiterated his desire to see the agency strengthen its own focus […]

NCUA, CFPB reps to speak in March 11 webinar on serving low-income, underserved areas

February 25, 2020 0

A webinar focusing on credit union service to low-income and underserved communities will be hosted March 11 by the National Credit Union Administration’s (NCUA) Office of Credit Union Resources and Expansion and will include representatives […]

Hood says NCUA contacted 23 firms in effort to find a purchaser of taxi medallion loans

February 25, 2020 0

The federal credit union regulatory agency’s recent sale of taxi medallion loans acquired through liquidations of credit unions was preceded by a “thorough” vetting of bidders to ensure only reputable firms dedicated to working in […]

NCUA’s McWatters says sale of taxi medallion loan portfolio spared insurance fund, credit unions further losses

February 24, 2020 0

The recently announced sale of the agency’s taxi medallion loan portfolio to Marblegate Asset Management LLC was the best option for meeting the agency’s statutory obligation to achieve the least long-term cost to the National […]

Minority depository institutions focus of March 3-4 forum led by NCUA’s Hood

February 24, 2020 0

A two-day Minority Depository Institution (MDI) Forum taking place at the Treasury Department and the National Credit Union Administration (NCUA) next week, March 3 and 4, is open to credit unions on a first-come, first-served […]

‘Allowance for credit loss’ policy under CECL adopted by credit union regulator; ‘day one’ phase-in vowed

February 20, 2020 0

The National Credit Union Administration (NCUA) Board adopted an interagency policy on allowances for credit losses (ACLs) as affected by the upcoming current expected credit loss (CECL) accounting standard at its meeting Thursday in Alexandria, […]

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Former executive of East St. Louis bank indicted for check-kiting theft of nearly $2 million

April 10, 2025 0

A former banker has been charged for engaging in a nearly $2 million check kiting fraud scheme at an East St. Louis, Ill., bank, the inspector general for the federal bank deposit insurance agency said Thursday. The Federal Deposit Insurance [...]
OCC now describes February security breach as ‘major incident’ in report to Congress

April 8, 2025 0

Classifying a February computer security breach as a “major incident,” the regulator of national banks Tuesday told Congress that the event led to unauthorized access to several of its executives’ and employees’ emails that included “highly sensitive information relating to [...]
FDIC preparing new FAQs on bank resolution plans, waiving some content requirements

April 8, 2025 0

Updated “frequently asked questions” (FAQs) about bank resolution plan submissions are in the offing by the federal bank deposit insurance agency, its acting board chairman said Tuesday. In public remarks to a conference of the American Bankers Association (ABA) in [...]
Agency issues latest lists of names, addresses for complying with notices for CRA, ECOA, FHA

April 8, 2025 0

“Appropriate” names and addresses for notices required by three key statutes dealing with redlining, equal credit and fair housing are outlined in a bulletin issued Tuesday by the national bank regulator, with compliance, if necessary, within 90 days. The Office [...]
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 [...]