NCUA – Page 88 – Regulatory Report

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[ April 17, 2025 ] Deepfakes can be battled with updated guidance, rules, Fed governor asserts The Fed
[ April 17, 2025 ] OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation OCC
[ April 16, 2025 ] Credit union regulator cancels Thursday board meeting after Trump fires panel’s 2 Democrats NCUA
[ April 16, 2025 ] Tariffs likely to ignite higher inflation, slower growth, Fed chair reports; temporary, or more persistent is uncertain The Fed
[ April 16, 2025 ] National regulator reaffirms bank partnerships with fintechs, promotes ‘responsible’ digital asset use in remarks OCC

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 […]

Combination Transactions with Non-Credit Unions; Credit Union Asset Acquisitions

January 29, 2020 0

Title: Combination Transactions with Non-Credit Unions; Credit Union Asset Acquisitions Subject: Acquisitions Agency: NCUA Status: Proposed rule; reopening of comment period Summary: The NCUA Board (Board) proposes to add subpart D to part 708a of […]

NCUA names new executive director as incumbent announces retirement; other personnel actions revealed

January 23, 2020 0

A new executive director – the highest staff position – for the federal credit union regulator was named Thursday following the announcement of the retirement of the current incumbent in the position. The agency also […]

Loan rate ceiling for federal credit unions unchanged at 18%, until September 2021

January 23, 2020 0

Continuing a rate cap in place since 1987, the federal credit union (FCU) regulator on Thursday approved continuing the 18% loan interest-rate ceiling in effect for loans made by federal credit union loans for another […]

Proposed rule intended to ‘clarify’ regs governing credit union acquisition of banks (or ‘combination transactions’)

January 23, 2020 0

A new rule intended to clarify requirements for a federally insured credit union (FICU) when it proposes to acquire or merge with a bank or other institution was proposed by the National Credit Union Administration […]

Regulator proposes additional capital option as subordinated debt for some credit unions

January 23, 2020 0

A 275-plus page – and controversial – proposal to give some federally insured credit unions the ability to issue subordinated debt to help them meet their risk-based capital requirements was issued for a 120-day comment […]

Pair of Fed nominations leaves three seats in regulatory leadership yet to be resolved

January 22, 2020 0

Forty percent of the seats to be filled for federal financial institution regulatory leadership were addressed last week when the White House announced the president’s intention to nominate two to the Federal Reserve Board – […]

Operations director named for Western Region of federal credit union regulator

January 21, 2020 0

The associate regional director of operations for the Western Region of the federal credit union regulator assumed her new role Jan. 5, the agency said in a release Tuesday. Julie Cayse took on the job, […]

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Deepfakes can be battled with updated guidance, rules, Fed governor asserts

April 17, 2025 0

Deepfakes – replicating a person’s entire identity through artificial intelligence (AI) – are on the rise, a Federal Reserve Board governor said Thursday, but he said the phony IDs can be challenged by regulators with updated guidance and rules. Speaking [...]
OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation

April 17, 2025 0

Three prohibition orders against bankers who allegedly misappropriated funds, committed fraud or committed embezzlement were made public Thursday by the national bank regulator. The Office of the Comptroller of the Currency (OCC), in a release, said it has prohibited: Nick [...]
Credit union regulator cancels Thursday board meeting after Trump fires panel’s 2 Democrats

April 16, 2025 0

The National Credit Union Administration (NCUA) canceled its open board meeting slated for Thursday after the White House Wednesday fired Democrats Todd Harper and Tanya Otsuka from their seats on the board. The firings, reported by industry trade publications, including [...]
Tariffs likely to ignite higher inflation, slower growth, Fed chair reports; temporary, or more persistent is uncertain

April 16, 2025 0

Elevated levels of unemployment or inflation can be damaging and painful for communities, families, and businesses, the chair of the nation’s central bank said Wednesday as he pointed to higher tariffs that are likely to cause higher inflation and slower [...]
National regulator reaffirms bank partnerships with fintechs, promotes ‘responsible’ digital asset use in remarks

April 16, 2025 0

Embracing bank-fintech partnerships and expanding “responsible bank activities involving digital assets” are two of the top four priorities of the acting leader of the national bank regulator, he told a Washington group Wednesday. Speaking before the Exchequer Club (a Washington-based [...]
OCC reorganizes bank supervision, info technology functions

April 16, 2025 0

The national bank regulator on Wednesday announced it was combining its midsize and community bank supervision and large bank supervision functions to create a new bank supervision and examination “line of business.” It said it is also reinstating its chief [...]
OCC contends February security breach was limited in scope; continues review of systems

April 15, 2025 0

A February security breach at the national bank regulator affected an account that “existed solely” in the cloud environment, with no evidence of compromise “affecting other accounts in the tenant,” the regulator said in a letter to banks it released [...]
Appraisal requirements paused nearly three years for real estate deals in LA wildfire zones

April 15, 2025 0

Certain appraisal requirements for real estate-related transactions are temporarily paused to help facilitate recovery efforts in areas affected by the Los Angeles County wildfires earlier this year, the three federal banking agencies and the federal credit union regulator said Tuesday. [...]
Corresponding with FDIC on supervisory stuff? Electronic communications preferred (permanently)

April 15, 2025 0

Electronic communications for supervisory correspondence is now the permanent, preferred method for the federal bank deposit insurance agency, it said Tuesday. In March 2020, the Federal Deposit Insurance Corp. (FDIC) began using electronic communications from and to banks for supervisory [...]