A specific “lease security account” qualifies for pass-through share insurance coverage based on credit union membership of a landlord or account holder, a legal opinion letter from the federal credit union regulator states. However, the […]
The rationale used by the National Credit Union Administration (NCUA) in recommending the NCUA Board raise the normal operating level (NOL) of the National Credit Union Share Insurance Fund (NCUSIF) from 1.3% to 1.39% last […]
A 60-day comment period will start as early as Wednesday on proposed swap margin requirements to conform with recent rule changes imposing new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, […]
Personal cease-and-desist orders against three persons at two banks, one in Nebraska the other in Oklahoma, were levied by the Office of the Comptroller of the Currency (OCC) in January, the regulator announced; three civil […]
The Government Accountability Office (GAO) this week released completed audit reports for the financial statements of the Deposit Insurance Fund (DIF) and the Federal Savings and Loan Insurance Corporation (FSLIC) Resolution Fund (FRF) for the […]
A former Barclays Bank employee would be barred for life from banking industry employment and assessed a nearly half-million-dollar fine for using electronic chat rooms to influence foreign exchange pricing benchmarks under a notice filed […]
The “living wills” process for resolving the largest U.S. financial institutions has proven “enormously helpful” to both firms and regulators, but there is more work to be done in four particular areas to improve the […]
Posting losses of $1.1 billion, but which were absorbed by premium assessments on insured banks, the Federal Deposit Insurance Corp. (FDIC) Deposit Insurance Fund (DIF) finished fiscal year 2017 with a reserve ratio of 1.28% […]
All four permanent funds at the National Credit Union Administration (NCUA) – the Operating Fund, National Credit Union Share Insurance Fund (NCUSIF), Central Liquidity Facility (CLF) and Community Development Revolving Loan Fund (CDRLF) – received […]
Federally insured credit unions that filed quarterly call reports with the National Credit Union Administration (NCUA) for at least one reporting period in 2017 will share in a pro rata distribution this year from the […]
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