NCUA – Page 92 – 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

Week ahead: Powell testifies, Fed governors give speeches, NCUA releases Nov. 21 board agenda

November 8, 2019 0

Testimony by the nation’s top central banker, a second webinar for credit unions interested in government-backed small-business lending, release of a Nov. 21 credit union regulatory board meeting agenda and more are on federal financial […]

Agency board rejects appeals by two low-income federal credit unions seeking secondary capital

November 7, 2019 0

The board of the federal credit union regulator last month upheld denials of two low-income federal credit unions’ appeals related to requested secondary capital authority, according to written decisions posted on the agency’s website. The […]

Regulator urges credit union voluntary self-assessments on diversity, inclusion, be submitted by Jan. 15

November 7, 2019 0

Federally insured credit unions have until Jan. 15 to submit their annual Voluntary Credit Union Self-Assessments for 2019 to their federal regulator – which asserts that there are no risks, and plenty of benefits, for […]

NCUA chairman forming internal Culture Council

November 7, 2019 0

The chairman of the federal agency that charters, regulates and insures credit unions said Wednesday that he is establishing a new council “to focus on issues of inclusion within the agency.” This new National Credit […]

Chartering and Field of Membership

November 7, 2019 0

Title: Chartering and Field of Membership Subject: Chartering/FOM Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its chartering and field of membership (FOM) rules with respect to applicants and existing federal […]

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) […]

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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 [...]