Federal financial regulation – Page 471

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[ March 3, 2025 ] NCUA to end credit unions’ reporting of overdraft/NSF fee income via call report NCUA
[ March 3, 2025 ] 10 banks in latest ratings from OCC receive CRA scores of ‘outstanding’ OCC
[ February 28, 2025 ] In letter from Powell, Fed announces March survey of consumer finances, gauging spending, borrowing, banking The Fed
[ February 28, 2025 ] FDIC, OCC plan hundreds of CRA exams over next two quarters FDIC
[ February 28, 2025 ] Disaster relief deployed for banks affected by WV, KY storms FDIC

Comments on ‘qualified mortgage’ definition, without the ‘GSE patch,’ due in mid-September

July 30, 2019 0

Input on a consumer bureau advance notice of proposed rulemaking (ANPR) on potential changes to the definition of “qualified mortgage” (QM) in light of the planned expiration of a temporary QM category for agency loans […]

Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z)

July 30, 2019 0

Title: Qualified Mortgage Definition under the Truth in Lending Act (Regulation Z) Subject: Qualified mortgage Agency: CFPB Status: ANPR Summary: With certain exceptions, Regulation Z requires creditors to make a reasonable, good faith determination of […]

Webinar looks at exams for liquidity, interest-rate risks for credit unions

July 30, 2019 0

How examinations are conducted for credit unions on liquidity and interest-rate risks is the subject of an Aug. 14 webinar hosted by the federal regulator of credit unions, including a focus about how different credit […]

Farmer pleads guilty to stealing nearly $17 million from banks, others

July 30, 2019 0

A Louisiana man pleaded guilty to lying to financial institutions, insurance providers and government entities in an attempt to secure $17 million in loans and credit for his various farming enterprises, the Justice Department and […]

Timely deposit insurance determination final rule set for Federal Register publication

July 29, 2019 0

A final rule by the federal bank deposit insurer giving covered depository institutions an option to seek more time to comply with a rule on recordkeeping for timely deposit insurance determination is set to publish […]

Community bank council gets nod for renewed charter by deposit insurer

July 29, 2019 0

Just in time for the group’s meeting this week, the charter of the Community Bank Advisory Committee (CBAC) to the federal insurer of bank deposits has been recommended for renewal by the agency’s board chairman. […]

Exceptions to Employment Restrictions under Section 205(d) of the Federal Credit Union Act (“Second Chance IRPS”)

July 26, 2019 0

Title: Exceptions to Employment Restrictions under Section 205(d) of the Federal Credit Union Act (“Second Chance IRPS”) Subject: Prohibitions Agency: NCUA Status: Final IRPS Summary: The NCUA Board (Board) is issuing for public comment a […]

Comments on NCUA ‘second chance’ IRPS due about Sept. 27

July 26, 2019 0

A proposal that updates the federal credit union regulator’s interpretive ruling and policy statement (IRPS) regarding statutory prohibitions of individuals from financial institution service – called the agency’s “second chance” IRPS – will be out […]

Citing time crunch with proposed rule change, regulators extend deadline on ‘living wills’ for nearly 100 foreign, domestic banks

July 26, 2019 0

Extension of deadlines to 2021 for filing the next round of “living wills” for nearly 100 large banks – mostly foreign, and some domestic – was announced Friday by federal banking regulators, as the agencies said the […]

Banks in MO, TX areas affected by floods, storms, tornadoes get FDIC guidance

July 26, 2019 0

The federal bank deposit insurer on Friday issued guidance to provide some regulatory relief to banks in Missouri and Texas affected by recent severe storms and flooding – and in Missouri, tornadoes – to make […]

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NCUA to end credit unions’ reporting of overdraft/NSF fee income via call report

March 3, 2025 0

Credit unions’ federal regulator is ending its one-year-old requirement that credit unions with more than $1 billion in assets report their year-to-date overdraft and non-sufficient fund (NSF) fee income, the agency says. The National Credit Union Administration (NCUA) just began [...]
10 banks in latest ratings from OCC receive CRA scores of ‘outstanding’

March 3, 2025 0

Ten banks earned anti-redlining scores of “outstanding” – out of 26 total banks evaluated – and none earned anything less than “satisfactory,” according to ratings issued Monday by the national bank regulator. The Office of the Comptroller of the Currency [...]
In letter from Powell, Fed announces March survey of consumer finances, gauging spending, borrowing, banking

February 28, 2025 0

A representative picture of what Americans own—from houses and cars to stocks and bonds—how and how much they borrow, and how they bank, as well as their feelings about their economic situation and that of the country more broadly will [...]
FDIC, OCC plan hundreds of CRA exams over next two quarters

February 28, 2025 0

A total of 564 banks are scheduled to receive evaluations of their performance under the anti-redlining Community Reinvestment Act (CRA) over the second and third quarters of this year, according to lists released this week by two federal banking regulators. [...]
Disaster relief deployed for banks affected by WV, KY storms

February 28, 2025 0

Damage from severe weather in West Virginia and Kentucky has triggered the deployment of regulatory relief from the federal bank deposit insurer. Two Financial Institution Letters (FILs), one Friday and the other Thursday, from the Federal Deposit Insurance Corp. (FDIC) [...]
‘No impact’ to financial sector from email security incident at OCC ‘at this time’

February 28, 2025 0

The national bank regulator this week said it has identified, isolated and resolved a security incident affecting an administrative account in the agency’s email system. The incident was reported to the Cybersecurity and Infrastructure Security Agency, or CISA, as required, [...]
Former MT credit union employee barred over findings of fraud

February 28, 2025 0

A former employee of Altana Federal Credit Union in Billings, Mont., is barred from any future work in federally insured financial institutions under a consent prohibition order by the National Credit Union Administration (NCUA). The Feb. 3 order states that [...]