NCUA

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[ 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

NCUA’s Hood outlines top priorities: effective regulation, forward approach to innovation, financial inclusion

August 9, 2019 0

Effective regulation, a forward-looking approach to innovation, and financial inclusion to better serve a changing population and economy are the top priorities of the federal credit union regulator, the agency’s board chairman said Friday. National […]

Credit union regulator working to update its IT exam program

August 8, 2019 0

The federal regulator of credit unions is working to update its information technology (IT) examination program to include continued and enhanced “maturity” assessments of credit unions’ cybersecurity programs beyond 2019, according to a recently issued […]

NCUA launches chartering ‘proof of concept’ tool for credit unions

August 8, 2019 0

A new chartering proof of concept tool that prospective credit union organizers can use to get the federal regulator’s feedback on how well they satisfy the requirements for chartering a credit union was launched Friday […]

Agency looks to split financial, non-financial report forms due to on-going revisions in accounting standards

August 8, 2019 0

Two forms now contained in one vehicle that collect credit unions’ financial and non-financial information would be split into two separate vehicles under a plan proposed by the federal regulator of the financial institutions. The […]

Credit union regulator to issue rule for communications unit name change

August 7, 2019 0

Making it official, the federal credit union regulator is issuing a final rule to change the name of its internal office that manages communications with Congress, other federal agencies, the press and the public at […]

First ‘risk alert’ in six years advises credit unions to be on lookout for business email compromise fraud

August 6, 2019 0

Credit unions and other victims of fraud such as business email compromise are urged to file a complaint with federal law enforcement as soon as they identify suspicious activity, their federal regulator said in a […]

Regulator won’t sanction credit unions taking deposits from legal cannabis-related business, chairman says

August 5, 2019 0

Credit unions accepting deposits from legal cannabis-related business will not be sanctioned by their federal regulator as long as they are adhering to federal anti-money laundering and Bank Secrecy Act (AML/BSA) requirements and the agency’s […]

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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 [...]

NCUA’s Hood outlines top priorities: effective regulation, forward approach to innovation, financial inclusion

Credit union regulator working to update its IT exam program

NCUA launches chartering ‘proof of concept’ tool for credit unions

Agency looks to split financial, non-financial report forms due to on-going revisions in accounting standards

Credit union regulator to issue rule for communications unit name change

First ‘risk alert’ in six years advises credit unions to be on lookout for business email compromise fraud

Regulator won’t sanction credit unions taking deposits from legal cannabis-related business, chairman says

NCUA credit union ‘Profile’ form under revision to evaluate industry’s risk exposure to defined benefit plans

Regulator unveils grants for new pilot mentoring program with small, low-income credit unions

Credit union regulator makes public seven prohibitions and notices issued in July

Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

Bureau finalizes rule extending supervision over digital payment wallet apps

Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

CFPB publishes adjustments to thresholds under TILA, FCRA

Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme