NCUA – Page 89 – Regulatory Report

What's up

[ 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

Agency wants to continue requiring credit unions to advertise excess deposit insurance coverage

October 23, 2019 0

A requirement that federally insured credit unions must advertise any deposit or savings account insurance they have in excess of federal insurance would be extended under filings made by the federal credit union regulator Wednesday. […]

Credit union regulator sets its board’s meeting schedule for 2020

October 18, 2019 0

Thursdays will continue to be the meeting day of choice in 2020 (as it was in 2019) for the board of the federal credit union regulator, according to a schedule released Friday – and eight […]

Rules on credit union non-member deposits, membership eligibility on agenda for regulator

October 17, 2019 0

A final rule on non-member shares and a rulemaking on credit union membership are on the agency for next week’s meeting of the board for the federal credit union regulator, according to the agenda for […]

Credit union regulator praises accounting board giving greenlight to 2023 effective date of CECL accounting standard

October 17, 2019 0

It’s a “prudent course” to delay to 2023 the “current expected credit loss” (CECL) standard for small reporting companies – such as credit unions – the board chairman of the federal credit union regulator said […]

UPDATED: Agencies propose joint policy statement in response to CECL, with updates to ALLL ‘concepts and practices’

October 16, 2019 0

A proposed interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at financial institutions was issued by the federal banking agencies […]

Proposed delay of credit union risk-based capital rule to 2022 at top of accomplishments in six-month ‘progress report’

October 8, 2019 0

A proposal to delay, by two more years, a “risk-based capital” rule for complex credit unions is at the top of the list of accomplishments issued Tuesday by the board chairman of the federal credit […]

Revised supervisory audit rules for credit unions effective Jan. 6

October 7, 2019 0

Changes to regulatory requirements for federally insured credit unions’ annual supervisory committee audits, adopted by credit unions’ federal regulator last month, are set to take effect Jan. 6, according to a Federal Register notice published […]

Credit union regulator likely first to appear in video praising Trump actions

October 7, 2019 0

In what is likely the first video this year of a federal financial regulator lauding non-financial regulatory actions of the administration, the board chairman of the federal credit union regulator appears in a tweet distributed […]

NCUA extends CDFI certification app deadline to Nov. 30

October 7, 2019 0

Federally insured, low-income credit unions that want to become certified community development financial institutions (CDFIs) have until Nov. 30 to apply for qualification in the 2020 funding round using the National Credit Union Administration’s (NCUA) […]

With request for court review of decision, banks still gunning for credit union regulator’s membership rules

October 7, 2019 0

It’s not over yet for legal challenges to membership rules by the federal regulator of credit unions, as the banking industry is seeking review of an appeals court decision that mostly held up the regulations. […]

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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 [...]