NCUA

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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

CU regulator sees financial access as crucial issue, but not just for ‘minority populations’

August 20, 2019 0

Too many people still lack access to safe, reliable and affordable financial services, and credit unions can play a key role in extending access more broadly to all Americans who need these services to prosper, […]

UPDATED: Hemp business-serving credit unions can provide ‘customary range’ of services, guidance from regulator states

August 19, 2019 0

Guidance that allows federally insured credit unions to provide certain financial services to legally operating hemp businesses was published Monday by the federal regulator of credit unions. In the guidance, the National Credit Union Administration […]

Report: Credit union regulator planning proposal on subordinated debt by year’s end

August 15, 2019 0

A proposal on subordinated debt – a form of alternative capital – for credit unions will be considered by year’s end by the federal regulator of credit unions, a top staff member of the agency […]

MERIT exam platform to roll out as early as fall 2020, federal credit union regulator says

August 14, 2019 0

A milestone in the agency’s effort to modernize its credit union examination program will be reached as early as the fall of 2020 with the roll-out of a new Modern Examination and Risk Identification Tool […]

Credit unions advised: Higher Reg Z thresholds, fee caps go into effect Jan. 1

August 13, 2019 0

Credit unions are on notice by their federal regulator that the consumer financial protection agency has issued a final rule adjusting 2020 thresholds and fee caps under parts of the Truth in Lending Act (TILA, […]

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 […]

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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 [...]

CU regulator sees financial access as crucial issue, but not just for ‘minority populations’

UPDATED: Hemp business-serving credit unions can provide ‘customary range’ of services, guidance from regulator states

Report: Credit union regulator planning proposal on subordinated debt by year’s end

MERIT exam platform to roll out as early as fall 2020, federal credit union regulator says

Credit unions advised: Higher Reg Z thresholds, fee caps go into effect Jan. 1

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

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

Judge blocks firing of 90% of CFPB staff, at least for now, as she studies whether action violates previous order

Bridge bank, hypothetical failure scenario no longer required in resolution planning requirements for large banks

Fed proposes changes in stress tests, including by averaging results over two consecutive years

Deepfakes can be battled with updated guidance, rules, Fed governor asserts

OCC prohibits three from larger banks for alleged theft, fraud, funds misappropriation