NCUA

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[ November 20, 2019 ] Future of overdraft rule may be inching toward resolution, bureau regulatory agenda suggests CFPB
[ November 19, 2019 ] Agencies OK SunTrust/BB&T merger – but at cost of consent order for ‘unfair, deceptive practices,’ shedding branches, deposits The Fed
[ November 20, 2019 ] NCUA general counsel McKenna retires, board appoints Kressman acting GC NCUA
[ November 20, 2019 ] NCUA budget briefing over, but comments will be taken until Dec. 2 NCUA
[ November 20, 2019 ] OCC delays OREO rule effective date to January to comply with 1994 reg improvements law OCC

NCUA general counsel McKenna retires, board appoints Kressman acting GC

November 20, 2019 0

Mike McKenna, general counsel for the National Credit Union Administration since 2011, has retired from the agency and will be replaced in “acting” capacity by Frank Kressman while a search for a replacement proceeds, the […]

NCUA budget briefing over, but comments will be taken until Dec. 2

November 20, 2019 0

A Dec. 2 comment deadline is the next item in the timeline toward eventual approval of the 2020-2021 budget for the National Credit Union Administration (NCUA). The agency held a public briefing on the proposed […]

OIG report says NCUA’s schedule for share insurance fund, asset management estates, op fund presented fairly

November 19, 2019 0

An audit of the federal credit union regulator’s schedule of “other assets and contributed capital” – including the National Credit Union Share Insurance Fund (NCUSIF), the NCUSIF asset management estates and the agency’s operating fund – […]

This week: FDIC takes up derivatives exposure reg, HVCRE; NCUA holds budget briefing, acts on real estate appraisals; CBLR webinar on tap

November 18, 2019 0

Regulatory action on banks’ derivatives contracts exposures and the definition of high volatility commercial real estate (“HVCRE”) exposure, a final rule on credit union real estate appraisal requirements, and a public briefing on the federal […]

OIG cites lower-quality NCUA data submission for 1Q fiscal 2019 awards, recommends improvements

November 15, 2019 0

Improvements in the timeliness and source linkages for community development award data reported to Treasury by the National Credit Union Administration (NCUA) are recommended in a Nov. 8 report of the credit union regulator’s Office […]

Final ‘Second chance’ statement on prohibitions, proposal on residential real estate appraisals, on agenda for credit union agency’s board

November 14, 2019 0

The federal credit union regulator will consider a final, new policy regarding statutory prohibitions of individuals from financial institution service – called the agency’s “second chance” proposal – and a proposal on residential real estate […]

Regulators update IT exam guidance on business continuity, with focus on operational resilience

November 14, 2019 0

The Business Continuity Management booklet within federal financial institution regulators’ Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions’ preparedness to avoid disruptions in operations and to recover services. […]

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Future of overdraft rule may be inching toward resolution, bureau regulatory agenda suggests

November 20, 2019 0

Overdraft protection may be coming up again soon at the federal consumer financial protection agency – but it’s not clear precisely when, according to the fall 2019 rulemaking agenda posted by the agency Wednesday. The Consumer Financial Protection Bureau (CFPB) [...]
Agencies OK SunTrust/BB&T merger – but at cost of consent order for ‘unfair, deceptive practices,’ shedding branches, deposits

November 19, 2019 0

The merger between two banking giants from North Carolina and Georgia was approved by two federal banking agencies Tuesday – but it came at the cost of divestiture of branches and north of $2.4 billion in deposits, and a consent [...]
NCUA general counsel McKenna retires, board appoints Kressman acting GC

November 20, 2019 0

Mike McKenna, general counsel for the National Credit Union Administration since 2011, has retired from the agency and will be replaced in “acting” capacity by Frank Kressman while a search for a replacement proceeds, the agency said Wednesday. McKenna joined [...]
NCUA budget briefing over, but comments will be taken until Dec. 2

November 20, 2019 0

A Dec. 2 comment deadline is the next item in the timeline toward eventual approval of the 2020-2021 budget for the National Credit Union Administration (NCUA). The agency held a public briefing on the proposed budget – $347.7 million in [...]
OCC delays OREO rule effective date to January to comply with 1994 reg improvements law

November 20, 2019 0

A final rule issued in October on other real estate owned (OREO) by national banks and federal savings associations (FSAs) will take effect Jan. 1, 2020, instead of Dec. 1, 2019, the Office of the Comptroller of the Currency (OCC) [...]
Bureau wants to hear about effectiveness of integrated disclosures required under TRID rule

November 20, 2019 0

Addressing the effectiveness of integrated disclosures required under federal regulations for real estate transactions is the subject of an assessment to be conducted by the federal consumer financial protection agency, the agency said Wednesday. In a release, the Consumer Financial [...]
Fed raises Reg D reserve exemption amount to $16.9 million, ups low reserve tranche, for 2020

November 20, 2019 0

The reserve requirement exemption and low reserve tranche established under the Federal Reserve’s Regulation D and applied to banks, savings associations, and credit unions are being adjusted upward by about 4.3% and 3.4%, respectively, for the coming year, the central [...]

NCUA general counsel McKenna retires, board appoints Kressman acting GC

NCUA budget briefing over, but comments will be taken until Dec. 2

OIG report says NCUA’s schedule for share insurance fund, asset management estates, op fund presented fairly

This week: FDIC takes up derivatives exposure reg, HVCRE; NCUA holds budget briefing, acts on real estate appraisals; CBLR webinar on tap

OIG cites lower-quality NCUA data submission for 1Q fiscal 2019 awards, recommends improvements

Final ‘Second chance’ statement on prohibitions, proposal on residential real estate appraisals, on agenda for credit union agency’s board

Regulators update IT exam guidance on business continuity, with focus on operational resilience

What is credit unions’ LIBOR exposure? NCUA wants to know

Week ahead: Powell testifies, Fed governors give speeches, NCUA releases Nov. 21 board agenda

Agency board rejects appeals by two low-income federal credit unions seeking secondary capital

Future of overdraft rule may be inching toward resolution, bureau regulatory agenda suggests

Agencies OK SunTrust/BB&T merger – but at cost of consent order for ‘unfair, deceptive practices,’ shedding branches, deposits

NCUA general counsel McKenna retires, board appoints Kressman acting GC

NCUA budget briefing over, but comments will be taken until Dec. 2

OCC delays OREO rule effective date to January to comply with 1994 reg improvements law

Bureau wants to hear about effectiveness of integrated disclosures required under TRID rule

Fed raises Reg D reserve exemption amount to $16.9 million, ups low reserve tranche, for 2020