NCUA – Regulatory Report

What's up

[ September 11, 2025 ] FDIC seeking comments on proposed AML/CFT burden survey meant for use by all federal bank, CU regulators FDIC
[ September 10, 2025 ] Banking agencies slate Oct. 30 outreach meeting on EGRPRA reg review FDIC
[ September 9, 2025 ] OCC names two to new positions – one aimed at ‘elevating’ chartering function OCC
[ September 9, 2025 ] Disrupting, detecting ‘financially motivated sextortion’ is target of notice Other
[ September 8, 2025 ] Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’ OCC

Credit unions see loan growth outside of that for cars; ROAA — and delinquencies — on upswing

September 5, 2025 0

Credit unions saw growth in lending and return on average assets (ROAA) at midyear compared to a year earlier — but also saw loan delinquency rates rise during the same period, according to figures released […]

‘Disparate impact’ being written out of NCUA exam, supervision processes

September 4, 2025 0

The federal credit union regulator will no longer include reviews for disparate impact in its examination and supervision of federally insured credit unions, the agency said Thursday. The National Credit Union Administration (NCUA) removed such […]

Agency closes small MD credit union after ‘imminent insolvency’ feared

September 2, 2025 0

After a determination of “imminent insolvency” by its federal regulator, a Maryland credit union was closed late Friday, allowing another credit union in the state to assume the members and shares of the shuttered institution. […]

Former credit union CEO caused more than $1.7 million in losses, order says

August 29, 2025 0

A former Wisconsin credit union CEO who reportedly caused her credit union losses exceeding $1.7 million is permanently barred from service in any federally insured financial institution, according to a consent order announced Friday by […]

Audit produces 10 recommendations for improving NCUA info security

August 27, 2025 0

The federal credit union regulator’s information security program was found to be “effective overall” in a recent independent audit report, but the auditor reported five new weaknesses in the controls selected for review and gave […]

Registration for NCUA’s closed town hall open until Friday

August 27, 2025 0

Registration for the off-the-record “strategic plan” town hall slated for Sept. 9 by the federal credit union regulator remains open until Friday, the agency reminded in a release Wednesday. The meeting, to be held virtually, […]

NCUA Southern Region director Morton retiring Friday

August 26, 2025 0

Keith Morton, director of the Southern Region for the National Credit Union Administration (NCUA) and past president of the agency’s Asset Management Assistance Center (AMAC), is retiring Friday, Aug. 29, the agency said. Morton has […]

NCUA sets nonpublic ‘town hall’ on strategic plan, credit unions’ reg burden, more

August 18, 2025 0

A “strategic plan town hall” closed to all but industry representatives and their partner organizations will be held Sept. 9 by the National Credit Union Administration (NCUA) to discuss the agency’s strategic plan and priorities, […]

Web page aims to provide ‘tips for improving coordination’ between credit unions, examiners

August 6, 2025 0

Tips for improving coordination between credit unions and their federal examiners to boost efficiency are contained on a new website launched Wednesday, the credit union regulator said. The National Credit Union Administration (NCUA) said it […]

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 […]

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FDIC seeking comments on proposed AML/CFT burden survey meant for use by all federal bank, CU regulators

September 11, 2025 0

The costs to depository institutions of complying with Bank Secrecy Act (BSA) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements are sought in an agency information collection proposed for Office of Management and Budget (OMB) approval, according to [...]
Banking agencies slate Oct. 30 outreach meeting on EGRPRA reg review

September 10, 2025 0

Those interested in airing their views on federal banking regulators’ work considering what regulations might be deemed “outdated” or otherwise “unnecessary” can do so during an Oct. 30 outreach meeting in Kansas City, Mo., the agencies said. The agencies’ release [...]
OCC names two to new positions – one aimed at ‘elevating’ chartering function

September 9, 2025 0

A new principal deputy chief counsel and a new top executive for chartering – a move that “elevates” the chartering function – were announced Tuesday by the national bank regulator. The Office of the Comptroller of the Currency (OCC) said [...]
Disrupting, detecting ‘financially motivated sextortion’ is target of notice

September 9, 2025 0

Helping financial institutions detect and disrupt financially motivated sextortion is the aim of a notice issued Monday by the Treasury’s anti-financial crimes arm. The Financial Crimes Enforcement Network (FinCEN) said the notice “underscores the importance of suspicious activity reporting (SAR) [...]
Bulletins aim to ‘end weaponization of financial system’ by curbing ‘politicized, unlawful debanking’

September 8, 2025 0

Eliminating “politicized or unlawful debanking” in the federal banking system is the subject of two bulletins issued Monday by the national bank regulator in an effort, the agency said, to “end the weaponization of the financial system.” That is, if [...]
FinCEN revises SW border targeting order, raising threshold for CTR reports

September 8, 2025 0

A reissued geographic targeting order (GTO), revised from March, increases the dollar threshold to $1,000 for cash transactions that certain money services businesses (MSB) must report on currency transaction reports (CTRs), Treasury’s financial crimes enforcement arm said Monday. The change [...]