NCUA – Page 87 – Regulatory Report

What's up

[ 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

Proposal would allow corporates to invest in credit union subordinated debt – but only after capital deduction

February 20, 2020 0

Corporate credit unions could invest in subordinated debt instruments issued by credit unions – action proposed in a regulation last month – but would be required to fully deduct the amount of the instrument from […]

Credit union regulator sells off portfolio of taxi medallion loans gained in liquidations

February 20, 2020 0

Taxi medallion loans, held since several credit unions making the advances were liquidated in 2018, have been sold by the federal credit union regulator, the agency said Wednesday. In a release, the National Credit Union […]

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 […]

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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 [...]