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[ September 24, 2018 ] THIS WEEK: FOMC rate hike possible, BCFP councils meet, Powell talks economy Federal financial regulation
[ September 24, 2018 ] FinCEN advisory gives update on jurisdictions with AML/CTF deficiencies Other
[ September 24, 2018 ] FDIC’s community banking advisory group plans meeting FDIC
[ September 24, 2018 ] Grants available to help low-income CUs restore operations after Hurricane Florence damage NCUA
[ September 24, 2018 ] Top supervisors from Fed, FDIC to keynote St. Louis Fed’s community bank research, policy conference FDIC

Grants available to help low-income CUs restore operations after Hurricane Florence damage

September 24, 2018 0

Grants of up to $7,500 for low-income credit unions that sustained damage from the recent Hurricane Florence and need to restore operations are available, the federal credit union regulator said Monday. In a release, the […]

Proposal says no appraisal needed for CU commercial RE loans under $1 million

September 20, 2018 0

Federally insured credit unions would no longer need appraisals for certain commercial real estate loans of less than $1 million, up from the current threshold of $250,000, under a proposed rule issued Thursday by the […]

NCUA Board OK’s Texas biz-loan rule for CUs; briefed on NCUSIF, admin law judges

September 20, 2018 0

The federal regulator of credit unions on Thursday approved recent changes to a Texas regulation on credit union member business lending (MBL), action that affirms the Texas regulator’s MBL regulation remains consistent with NCUA rules. […]

Agencies issue joint statement listing six areas to help FIs meet customer/member needs in hurricane-affected areas

September 14, 2018 0

The impact of Hurricane Florence Friday prompted federal and state bank and credit union regulators to issue a joint statement urging financial institutions they supervise in the affected areas to “meet the financial services needs […]

NCUA publishes national, state performance indicators for credit unions

September 14, 2018 0

A “map review” of credit union industry trends, released Friday by the National Credit Union Administration (NCUA), shows a 5.4% median rate of loan growth for the credit union industry during the four quarters ending […]

Appraisal regulation proposal, admin law judges on agenda for CU regulator board

September 13, 2018 0

A proposed rule on real estate appraisals, and a board briefing on agency appointment of administrative law judges, will be considered by the federal credit union regulator’s board during its open monthly meeting Sept. 20 […]

UPDATED: In face of Hurricane Florence, agencies provide resources for institutions, customers/members

September 13, 2018 0

Federal banking and credit union regulators have developed hurricane information and resource pages on their websites for both the institutions they supervise, and the customers and members of those institutions – just as the first […]

UPDATE: Hearing with regulators on reg relief (EGRRCPA) law will be Oct. 2

September 12, 2018 0

The Senate Banking Committee Wednesday rescheduled to Oct. 2 its hearing on the implementation by federal financial institution regulators of the new regulatory relief law enacted this spring. The hearing had been set for Thursday, […]

NCUA has resources for CUs in path of Hurricane Florence

September 12, 2018 0

The National Credit Union Administration (NCUA) is “closely monitoring” Hurricane Florence, has provided information resources online and, if necessary, “will be ready to assist credit unions with maintaining or restoring operations,” the agency said in […]

Senate Banking postpones hearing with four top FI regulators

September 11, 2018 0

The Senate Banking Committee Tuesday postponed its Thursday hearing featuring leaders from the three federal banking agencies and the federal credit union regulator. No reason was given for the postponement, and no new date was […]

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THIS WEEK: FOMC rate hike possible, BCFP councils meet, Powell talks economy

September 24, 2018 0

The coming week brings a mix of developments related to federal banking regulation and policy, including another potential rate hike from the Fed, consumer bureau advisory council meetings (the first held since the panels were reformed), remarks on the economy [...]
FinCEN advisory gives update on jurisdictions with AML/CTF deficiencies

September 24, 2018 0

The Financial Crimes Enforcement Network (FinCEN) on Friday circulated an updated list of list of jurisdictions having strategic anti-money laundering/counter-terrorist financing (AML/CFT) deficiencies. The list was updated June 29 by the Financial Action Task Force (FATF). FinCEN says the updates [...]
FDIC’s community banking advisory group plans meeting

September 24, 2018 0

The next meeting of the community banking advisory committee for the federal bank deposit insurance agency will be on Oct. 10, according to filings Monday with the Federal Register. According to the notice filed by the Federal Deposit Insurance Corp. [...]
Grants available to help low-income CUs restore operations after Hurricane Florence damage

September 24, 2018 0

Grants of up to $7,500 for low-income credit unions that sustained damage from the recent Hurricane Florence and need to restore operations are available, the federal credit union regulator said Monday. In a release, the National Credit Union Administration (NCUA) [...]
Top supervisors from Fed, FDIC to keynote St. Louis Fed’s community bank research, policy conference

September 24, 2018 0

Top regulatory supervisors from the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC) will speak next week at a conference focusing on research and policy for community banking. Randal K. Quarles, the Federal Reserve Board’s vice chairman for supervision, [...]