NCUA – Page 88 – Regulatory Report

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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

Comments due to federal credit union regulator Dec. 9 on membership eligibility proposal

November 6, 2019 0

Comments on the National Credit Union Administration’s (NCUA) proposed rule on chartering and field of membership (FOM) will be due Dec. 9, 30 days following publication Thursday of the rule in the Federal Register. Under […]

NCUA chairman names deputy chief of staff, media spokesperson

November 5, 2019 0

Gisele Roget and Evann Berry have been named to top positions within the agency’s communications, external affairs, and industry engagement functions and will take on those new roles Nov. 12, National Credit Union Administration (NCUA) […]

Credit union regulator Nov. 13 hosts second in series of small business lending webinars

November 5, 2019 0

Small business lending for credit unions is the topic of another webinar next week sponsored by the federal credit union regulator and the federal agency that facilitates the programs, the regulator said Tuesday. The Nov. […]

Awards totaling $74.9K go to three low-income, minority credit unions under mentoring program

November 1, 2019 0

Three low-income credit unions that are designated as minority depository institutions (MDIs) were awarded an aggregate $74,875 in grants by their federal regulator through the agency’s Minority Depository Institution Mentoring Pilot program, the agency said […]

Two from credit unions prohibited after sentencing for theft, money laundering/bribery conspiracy

October 31, 2019 0

Two former employees of credit unions were ordered prohibited by the financial institutions’ federal regulator this month, following sentencing for crimes committed, the agency said Thursday. The orders from the National Credit Union Administration (NCUA) […]

NCUA Board member wants dedicated consumer compliance exams of large credit unions, invites public comments

October 30, 2019 0

National Credit Union Administration (NCUA) Board Member Todd Harper wants his agency to implement a dedicated consumer compliance exam program for large, complex credit unions, and he’s inviting public input ons the proposal, which would […]

Fair lending, payday (‘PALs II’) rule, more discussed during Nov. 19 NCUA webinar

October 30, 2019 0

Registration is open now for a webinar scheduled Nov. 19 on consumer financial regulation and protection topics by the National Credit Union Administration (NCUA), according to an agency release Wednesday. The webinar, “Fair Lending and […]

Credit union regulator plans $316 million budget for 2020, up about 4% from previous year

October 29, 2019 0

A $316 million operating budget – representing an increase of just under 4% from the 2019 spending plan – will be the subject of a Nov. 20 briefing by the federal credit union regulator, the […]

Agency begins ‘phase in’ of court’s ruling allowing expanded credit union membership

October 24, 2019 0

A “phase in” of a court’s ruling allowing expanded credit union membership eligibility got underway Thursday when the federal credit union regulator proposed new rules, despite the banking industry’s vow to continue to try and […]

Final rule expands credit union acceptance of non-member deposits

October 24, 2019 0

The basis for measuring the regulatory limit on non-member and “public unit” shares will change under a new rule approved by the federal credit union regulator board Thursday, essentially giving federally insured credit unions (FICUs) […]

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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 [...]