NCUA – Page 9 – Regulatory Report

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[ February 21, 2025 ] Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance NCUA
[ February 21, 2025 ] FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception FDIC
[ February 20, 2025 ] GAO urges regulators to adopt rules on executive incentive compensation (after 14 years) FDIC
[ February 20, 2025 ] Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board The Fed
[ February 20, 2025 ] Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas Other

Agencies re-issue proposal on incentive-based compensation; seek more risk-sensitive approach

May 6, 2024 0

Incentive-based compensation arrangements are addressed in a proposal to make those more sensitive to risk was issued – or scheduled to be adopted — Monday by federal banking and credit union regulators, among others. The […]

Credit union regulator delays board meeting for May by about one week

May 6, 2024 0

A rescheduled meeting – to May 22 – was announced Monday by the federal credit union regulator’s board, changing the date from May 16. The National Credit Union Administration (NCUA) Board gave no reason for […]

NCUA slates July summit in MN on diversity, equity and inclusion

May 1, 2024 0

Registration is open for a summit on diversity, equity and inclusion (DEI Summit) slated July 9-11 in Minneapolis, Minn., by the National Credit Union Administration (NCUA), the agency said Wednesday. The agency said the attendees […]

Credit union regulator seeks comments on how to improve, update records retention rules

April 18, 2024 0

Finding methods for improving and updating the records preservation program regulations and accompanying guidelines of the federal credit union regulator is the goal of an advance notice of proposed rulemaking (ANPR) issued Thursday by the […]

Credit union regulator looking at proposed rule on records preservation

April 12, 2024 0

Records preservation under an advanced notice of proposed rulemaking is on the agenda for the April 18 meeting of the federal credit union regulator’s board, the agency said in a meeting notice posted late Thursday. […]

NCUA to open low-income credit union grant round May 1; more than $3.4 million available

April 3, 2024 0

More than $3.4 million is available for a round of grants that will begin taking applications from low-income-designated credit unions May 1, the federal credit union regulator said Wednesday. The Community Development Revolving Loan Fund […]

Three prohibited by credit union regulator following theft conviction, guilty pleadings

March 29, 2024 0

Three persons were prohibited by the federal credit union regulator in March from further service in a federally insured financial institution, the agency said Friday. According to the National Credit Union Administration (NCUA), the three […]

Report highlights nearly half of ‘contracting dollars’ of credit union regulator going to minority-, women-owned businesses

March 28, 2024 0

Nearly half of all agency “reportable contracting dollars” in 2023 went to minority- or women-owned businesses, and nearly half of contract payments went to those vendors, according to a report to Congress published Thursday by […]

NCUA publishes March update for simplified CECL tool

March 25, 2024 0

Average loan-loss rates for 2021-2023 and the latest life-of-loan, or weighted average remaining maturity, factors are included in an updated “simplified CECL tool” announced Monday by the federal credit union regulatory agency in an “express” […]

NCUA lists member expulsion rule, FOM, trust account proposals, as among biggest accomplishments in ‘23

March 25, 2024 0

Final rules on member expulsion and proposed rules on field of membership and trust accounts are two actions from last year highlighted by the federal credit union regulator in its 2023 annual report, released Monday. […]

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Report: NCUA management agrees to seek improved examiner-in-charge rotation policy compliance

February 21, 2025 0

A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general office. The report by the [...]
FDIC updates list of entities seeking brokered deposits ‘primary purpose’ exception

February 21, 2025 0

After a long pause, the federal bank deposit insurer has resumed updating its list of notices of entities seeking a “primary purpose” exception under the agency’s brokered deposits regulation. Specifically, the four firms listed are seeking a primary purpose exception [...]
GAO urges regulators to adopt rules on executive incentive compensation (after 14 years)

February 20, 2025 0

Rules on incentive compensation, which figured into the demise of three large regional banks two years ago, should be finalized, according to a recommendation made by the congressional watchdog and published Thursday. The Government Accountability Office (GAO), in a report, [...]
Barr offers seven risks to watch for in financial system, offers insights into his position to step down as supervisor, but remain on Fed Board

February 20, 2025 0

Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said the seven specific risks are: [...]
Exam council publishes change to interest-rate risk analysis, says to expect further changes in other areas

February 20, 2025 0

Changes to the interest-rate risk analysis page of the consolidated financial institution performance report were announced Thursday by the umbrella group for federal regulators. The changes, according to the Federal Financial Institution Examinations Council (FFIEC), are part of a previously [...]
Six prohibition orders issued by national bank regulator, along with agreements with two banks over ‘unsafe, unsound practices’

February 20, 2025 0

Six prohibition orders were issued by the national bank regulator so far in February, the agency said Thursday. Formal agreements were also reached with both Michigan and Connecticut banks, both the result of “unsafe or unsound purposes,” the Office of [...]