A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it […]
Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, […]
A lawsuit filed Monday by the two Democrats fired recently from their board posts at the National Credit Union Administration (NCUA) seeks their reinstatement and asserts that with its two vacancies, the NCUA Board now […]
Calling artificial intelligence (AI) a “powerful technology,” the regulator of national banks said Tuesday it can be used to help banks make more informed decisions – but only if it is built and used responsibly, […]
The National Credit Union Administration’s plan for a May 22 open board meeting is no longer labeled “tentative” but will, the agency said Friday, include a briefing on the federal share insurance fund for credit […]
Risk to global trade is considered a “salient risk” to the financial system and the broader global economy by nearly three in four respondents to a Federal Reserve survey on financial stability, the agency said […]
Public comments on proposed modifications to yearly stress-testing of large banks – averaging results over two consecutive years and streamlining related data collection – are due to the Federal Reserve Board by June 23, according […]
Two former auditors for Wells Fargo Bank have reached an agreement with the national bank regulator that the agency said late Friday resolves an enforcement issue over long-running sales practices misconduct first brought against the […]
Joint statements on crypto assets, issued two years ago, were withdrawn late Thursday by two federal banking regulators; one of them, the Federal Reserve, also said it was withdrawing guidance related to crypto-asset and dollar […]
The National Credit Union Administration (NCUA) cites a January White House memorandum in a recent notice inviting input from the public on two final regulations – “Simplification of Share Insurance” and “Succession Planning” – that […]
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