NCUA – Regulatory Report

What's up

[ July 31, 2025 ] Fed joins others in allowing banks to use third parties to get customer TIN info Other
[ July 31, 2025 ] Former credit union loan officer barred after fraud causing $900k+ in losses NCUA
[ July 31, 2025 ] OCC will have new chief counsel Aug. 11 OCC
[ July 24, 2025 ] NCUA Board – with a full group of three members, first time in months – meets for only fourth time this year NCUA
[ July 23, 2025 ] Kate Tyrrell is chief of staff, senior deputy comptroller at OCC OCC

Former credit union loan officer barred after fraud causing $900k+ in losses

July 31, 2025 0

A former loan officer for MassMutual Federal Credit Union (Springfield, Mass.) who reportedly caused more than $900,000 in losses to his credit union has been barred from any future work in any federally insured depository […]

NCUA Board – with a full group of three members, first time in months – meets for only fourth time this year

July 24, 2025 0

NCUA Board – with a full group of three members, first time in months – meets for only fourth time this year The NCUA Board Thursday heard briefings on three topics and took no action […]

NCUA ombudsman processed 598 inquiries in 2024; 44 related to data breaches and cyber threats

July 22, 2025 0

Forty-four of the 598 inquiries and complaints processed by its ombudsman’s office in 2024 related to data breaches and cyber threats at federally insured credit unions, the National Credit Union Administration (NCUA) said in releasing […]

AI among briefing topics for July 24 NCUA Board meeting

July 18, 2025 0

Three briefings make up the agenda for the July 24 open meeting of the National Credit Union Administration (NCUA) Board, which currently consists solely of its Republican chairman, Kyle Hauptman. A board briefing on artificial […]

Credit union regulator, again, opts to voluntarily review its regs over two-year period

July 10, 2025 0

Review of its rules to identify those that are perhaps “outdated, unnecessary, and unduly burdensome” will be conducted by the federal credit union regulator, even though it has no statutory requirement to do so, the […]

Credit union regulator notes flood assistance available to Texas institutions in some cases

July 7, 2025 0

Resources available to help credit unions affected by floods in Texas beginning July 2 were outlined by their federal regulator late Monday, saying it is “monitoring the situation closely.” In a release, the National Credit […]

FL credit union seeks to serve 6.3-million-person community; hearing slated for September

July 7, 2025 0

A proposed membership field expansion adding two counties to the area served by Dade County Federal Credit Union, Sweetwater, Fla., is the subject of a virtual public hearing slated Sept. 23 by the National Credit […]

NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is […]

Citing imminent insolvency, credit union regulator closes doors of OH cooperative; members, accounts transferred to another

June 30, 2025 0

A Middletown, Ohio, credit union has been closed and its members and their accounts moved to a Cincinnati, Ohio, credit union, the federal regulator said Monday. Butler Heritage Federal Credit Union (FCU) of Middletown was […]

2 former credit union employees barred from future work in insured FIs

June 30, 2025 0

A former employee of a Kansas credit union and one from a credit union in Pennsylvania are barred from participating in the affairs of any federally insured depository institution, the federal credit union regulator said […]

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Fed joins others in allowing banks to use third parties to get customer TIN info

July 31, 2025 0

Banks supervised by the Federal Reserve Board are now permitted to obtain a customer’s tax identification number (TIN) from a third party under an exemption order approved July 24 and announced Thursday by the Federal Reserve Board. The order, approved [...]
Former credit union loan officer barred after fraud causing $900k+ in losses

July 31, 2025 0

A former loan officer for MassMutual Federal Credit Union (Springfield, Mass.) who reportedly caused more than $900,000 in losses to his credit union has been barred from any future work in any federally insured depository institution, the credit union’s federal [...]
OCC will have new chief counsel Aug. 11

July 31, 2025 0

Adam Cohen is poised to take the post of senior deputy comptroller and chief counsel at the Office of the Comptroller of the Currency (OCC) as of Aug. 11, according to the agency. In a release Tuesday, the agency said [...]
NCUA Board – with a full group of three members, first time in months – meets for only fourth time this year

July 24, 2025 0

NCUA Board – with a full group of three members, first time in months – meets for only fourth time this year The NCUA Board Thursday heard briefings on three topics and took no action during the panel’s regularly scheduled [...]