NCUA – Page 90 – Regulatory Report

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[ April 18, 2025 ] 2 agencies OK Capital One-Discover Bank merger conditioned on Discover’s fixes to interchange fee practices, payment of $250 million in fines, $1.225 billion in restitution FDIC
[ April 18, 2025 ] Judge blocks firing of 90% of CFPB staff, at least for now, as she studies whether action violates previous order CFPB
[ April 18, 2025 ] Bridge bank, hypothetical failure scenario no longer required in resolution planning requirements for large banks FDIC
[ April 18, 2025 ] Fed proposes changes in stress tests, including by averaging results over two consecutive years The Fed
[ April 17, 2025 ] Deepfakes can be battled with updated guidance, rules, Fed governor asserts The Fed

IG’s info security report on NCUA cites control weaknesses, makes 15 recommendations

December 18, 2019 0

Fifteen recommendations for strengthening the National Credit Union Administration’s (NCUA) information security program are detailed in a fiscal 2019 inspector general report on the agency’s compliance with the Federal Information Security Modernization Act of 2014 […]

Credit unions overwhelmingly post positive net income, but membership lagging, report indicates

December 17, 2019 0

About 89% of all federally insured credit unions had positive net income during the first three quarters of the year – but all credit unions in Alaska, Maine, Nevada, New Hampshire, and Vermont had positive net […]

Credit union regulator delays capital rule to 2022; board member indicates new ‘suite’ of capital proposals coming soon

December 12, 2019 0

A rule to subject some credit unions to “risk-based capital” (RBC) requirements was delayed until 2022 on a split vote of the board for the federal regulator of credit unions Thursday. The delay is the […]

Credit unions’ 12-month loan growth declines in third quarter as deposit growth rises; ROAA up

December 6, 2019 0

Federally insured credit unions (FICUs) saw continued, albeit slowing, loan growth during the four quarters ending Sept. 30, with total loans growing 5.9% during the period, down from 9.5% for the same period ending 12 […]

NCUA Board slates action on risk-based capital rule delay, 2020-2021 budget

December 5, 2019 0

A final rule likely providing for a new delay in implementation of a risk-based capital rule that applies to “complex” credit unions is slated for action next week by the National Credit Union Administration (NCUA) […]

Credit union regulator lectured on agency independence from White House during Senate hearing

December 5, 2019 0

A brief, but exacting, lecture on financial regulator independence was delivered by the top Democrat of the Senate Banking Committee to the top federal credit union regulator at a hearing Thursday in Washington. Sen. Sherrod […]

Bank, credit union regulators’ statement cites usefulness of alternative data in credit underwriting, notes benefits/risks

December 3, 2019 0

The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]

NCUA bars six from future service in insured financial institutions

December 2, 2019 0

Six former credit union-affiliated parties were barred from any future service in a federally insured financial institution in prohibition notices and orders issued last month by the National Credit Union Administration (NCUA). The barred individuals, […]

Real Estate Appraisals

November 22, 2019 0

Title: Real Estate Appraisals Subject: Appraisals Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the agency’s regulation requiring appraisals for certain residential real-estate related transactions. The final rule increases the threshold […]

OIG reviewing material ($39 million) NCUSIF loss related to failed CBS Employees FCU; report expected soon

November 21, 2019 0

A report is expected to be released this month on a material loss review of the now-closed CBS Employees Federal Credit Union (Studio City, Calif.), which is estimated to have cost the federal fund that […]

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2 agencies OK Capital One-Discover Bank merger conditioned on Discover’s fixes to interchange fee practices, payment of $250 million in fines, $1.225 billion in restitution

April 18, 2025 0

A merger of Discover Bank, Greenwood, Del., into Capital One, National Association, McLean, Va., was approved by two federal banking regulators Friday on condition that Discover Bank and its affiliates satisfy requirements of a consent order that cites “deficiencies” in [...]
Judge blocks firing of 90% of CFPB staff, at least for now, as she studies whether action violates previous order

April 18, 2025 0

A federal judge blocked the Trump administration’s plan to fire approximately 1,500 staff – about 90% — at the federal consumer financial protection agency Friday, saying she was considering whether the action violated a previous order she had issued. The [...]
Bridge bank, hypothetical failure scenario no longer required in resolution planning requirements for large banks

April 18, 2025 0

Resolution plans for large banks will no longer require the institutions to use a bridge bank strategy and a hypothetical failure scenario in the plan, the federal insurer of bank deposits said Friday. In a release, the Federal Deposit Insurance [...]
Fed proposes changes in stress tests, including by averaging results over two consecutive years

April 18, 2025 0

Changes in annual stress tests for large banks – including by averaging test results over two consecutive years – were issued for public comment late Thursday by the Federal Reserve. In a release, the agency said the proposed changes in [...]
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 [...]