Three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM) are provided in an inspector general report dated Aug. 8 […]
Credit unions face tighter notification requirements regarding cyber incidents beginning Sept. 1 under rule changes adopted in February, their federal regulator said in a letter Monday. In Letter to Credit Unions 23-CU-07, the National Credit […]
The 2023 Census flat file and FFIEC Median Family Income Report, both containing data used for Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) compliance purposes, were released Thursday by the umbrella group […]
Noting growth in the availability of loans for purchase, the national bank regulator this week issued guidance for community banks on loan purchase activities and the legal lending limit (LLL) the applies under federal regulation. […]
A non-bank company that reportedly claims relationships with two insured depository institutions (IDIs) and asserts the availability of “FDIC-insured” crypto accounts was told Friday that it and certain of its officers must “cease and desist […]
Noting a “concerning rise” in cyberattacks against credit unions, credit union service organizations (CUSOs) and other third-party vendors, the federal credit union regulator on Thursday urged credit unions and associated entities to take immediate steps […]
Two workshops – one on risk governance and the other on capital markets – are scheduled Sept. 19-20 in Charlotte, N.C., for directors, senior management and other key banking executives, the national bank regulator said […]
The interest rates charged on short-term credit issued to depository institutions by the Federal Reserve Banks, and paid on institutions’ reserve balances at the banks, were raised late last month in conjunction with the quarter-point […]
The national bank regulator on Tuesday said it rated 10 banks “outstanding” for their performance under the anti-redlining Community Reinvestment (CRA), but rated two institutions “needs to improve,” in evaluations that became public in July. […]
A former credit union teller/member service representative who reportedly lacked a required security clearance because of prior criminal arrests for theft was prohibited from any future service in a federally insured financial institution under a […]
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