NCUA

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[ October 29, 2020 ] Federal financial regulators, separately but united, announce proposal codifying supervisory guidance CFPB
[ October 29, 2020 ] Fed supplemental data from 2019 shows faster decline in check payments, slower decline in value; more The Fed
[ October 29, 2020 ] Online lender Social Finance gets OCC’s preliminary, conditional approval for national bank charter OCC
[ October 29, 2020 ] Bureau issues final rule on its own records and information disclosure CFPB
[ October 28, 2020 ] FDIC information security ‘not effective,’ report finds; eight recommendations offered to address FDIC

Federal financial regulators, separately but united, announce proposal codifying supervisory guidance

October 29, 2020 0

A proposal outlining and confirming federal financial institution regulators’ use of supervisory guidance for regulated institutions was issued for a 60-day comment period, the regulators announced Thursday. In individual press releases, the federal banking agencies, […]

Credit union regulator catches up by formally signing on to proposal clarifying, codifying role of supervisory guidance

October 28, 2020 0

A proposed rule aimed at clarifying and codifying the role of supervisory guidance from federal financial institution regulators was adopted by the credit union regulator on Wednesday, as that agency joined federal banking agencies in […]

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

October 26, 2020 0

The board of the federal credit union regulator is poised to hold its second October open meeting – a rare occurrence – this week, which also features two banking agency advisory panel sessions and three […]

UPDATED: Credit union regulator sets unusual late-month meeting to consider proposal codifying limits to ‘supervisory guidance’; new date for December meeting

October 22, 2020 0

A proposed rule to “codify” in regulation a statement that supervisory guidance issued by federal regulators does not have the force of law will be considered by the board for the federal credit union regulator […]

In spite of Trump’s order, credit union regulator presses ahead with ‘reinforced’ financial inclusion work

October 19, 2020 0

Seemingly defying an order from the president to stop certain types of diversity training, and getting in line with business groups outwardly opposing that dictum, the chairman of the federal credit regulator’s board said Monday […]

WEEK AHEAD: FDIC Board action on NSFR; Fed’s CRA proposal to publish; Powell talks cross-border payments; Quarles speaks on FSB agenda; more

October 16, 2020 0

The schedule for Washington next week shows final action ahead at the Federal Deposit Insurance Corp. (FDIC) on the net stable funding ratio (NSFR), participation by Federal Reserve Board Chair Jerome H. (“Jay”) Powell in […]

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Federal financial regulators, separately but united, announce proposal codifying supervisory guidance

October 29, 2020 0

A proposal outlining and confirming federal financial institution regulators’ use of supervisory guidance for regulated institutions was issued for a 60-day comment period, the regulators announced Thursday. In individual press releases, the federal banking agencies, the Consumer Financial Protection Bureau [...]
Fed supplemental data from 2019 shows faster decline in check payments, slower decline in value; more

October 29, 2020 0

Detailed noncash payments data from the 2019 Federal Reserve Payments Study (FRPS) shows that the number of check payments from 2015-2018 declined at a faster pace than reported last December but that the decline in their value was also less [...]
Online lender Social Finance gets OCC’s preliminary, conditional approval for national bank charter

October 29, 2020 0

Social Finance, Inc., this week obtained preliminary approval of its application to establish a full-service national bank – to be named SoFi Bank, National Association, and based in Utah – from the Office of the Comptroller of the Currency (OCC). [...]
Bureau issues final rule on its own records and information disclosure

October 29, 2020 0

The federal consumer financial protection agency on Thursday completed action initiated in 2016 by issuing a final rule on its own disclosure of records and information that is scheduled to take effect 30 days after its publication in the Federal [...]

Federal financial regulators, separately but united, announce proposal codifying supervisory guidance

Credit union regulator catches up by formally signing on to proposal clarifying, codifying role of supervisory guidance

THIS WEEK: NCUA holds second October open meeting; FDIC advisory panels meet; comments due on CARD Act rules, FCU op fees, more

UPDATED: Credit union regulator sets unusual late-month meeting to consider proposal codifying limits to ‘supervisory guidance’; new date for December meeting

In spite of Trump’s order, credit union regulator presses ahead with ‘reinforced’ financial inclusion work

WEEK AHEAD: FDIC Board action on NSFR; Fed’s CRA proposal to publish; Powell talks cross-border payments; Quarles speaks on FSB agenda; more

Transition to the Current Expected Credit Loss Methodology

Federal credit union regulator issues final corporate reg addressing investment in CUSOs, board makeup, more

Agency proposes a more ‘principles-based’ derivatives rule, more flexibility for FCUs

Agencies exempt loans for property, casualty insurance policies from customer ID program rules

Federal financial regulators, separately but united, announce proposal codifying supervisory guidance

Fed supplemental data from 2019 shows faster decline in check payments, slower decline in value; more

Bureau issues final rule on its own records and information disclosure