NCUA

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[ April 18, 2024 ] Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank OCC
[ April 18, 2024 ] Credit union regulator seeks comments on how to improve, update records retention rules NCUA
[ April 18, 2024 ] Ombudsman’s report notes banker frustration over lack of communication with FDIC FDIC
[ April 18, 2024 ] OCC publishes semiannual interest rate risk report for midsize, community banks OCC
[ April 17, 2024 ] False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO CFPB

Fed board confirmation, reports on regulation/supervision, CU agency budgets all ahead this week

November 13, 2018 0

Confirmation of a nominee to the Federal Reserve Board of Governors, congressional testimony (on both sides of the Capitol) by an incumbent member of the same board, and a meeting of the federal credit union […]

UPDATED: NCUA bylaws proposal in Federal Register Tuesday

November 9, 2018 0

A proposed rule to update the federal credit union (FCU) bylaws, published Tuesday in the Federal Register, is out for a 60-day public comment period that ends Jan. 14. Issued by the National Credit Union […]

CU regulator’s budget increases for next two years on board agenda

November 8, 2018 0

Spending plans that would raise the federal credit union regulatory agency’s total budget by 4.3% in 2019 and 2.7% in 2020 are scheduled for final consideration during the agency board’s Nov. 15 open meeting. The […]

NCUA work to strengthen info security noted, more recommendations presented in OIG report

November 5, 2018 0

The federal regulator of credit unions has addressed and closed 13 recommendations remaining from the two previous years for improving its information security program and will be reviewed for one final, outstanding recommendation in 2019, […]

Agency to finally publish delay in risk-based capital rules for ‘complex’ credit unions

November 5, 2018 0

The delay of risk-based capital (RBC) requirements for large “complex” credit unions to Jan. 1, 2020, becomes official Tuesday when the notice of the final rule (supplemental) is scheduled to be published, according to filings […]

Agency funds 83% of grant requests received from low-income credit unions for $2 million

October 31, 2018 0

Grants totaling $2 million to 203 low-income credit unions to help them improve digital services and security, increase outreach to underserved communities and to train employees have been awarded, the federal regulator of credit unions […]

Four from CUs banned in October, regulator reports

October 31, 2018 0

Four individuals from credit unions were prohibited in October from participating in affairs of any federally insured financial institution, the federal regulator of credit unions said Wednesday. In a release, the National Credit Union Administration […]

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Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

April 18, 2024 0

Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller of the Currency (OCC) said [...]
Credit union regulator seeks comments on how to improve, update records retention rules

April 18, 2024 0

Finding methods for improving and updating the records preservation program regulations and accompanying guidelines of the federal credit union regulator is the goal of an advance notice of proposed rulemaking (ANPR) issued Thursday by the agency’s board. The National Credit [...]
Ombudsman’s report notes banker frustration over lack of communication with FDIC

April 18, 2024 0

Challenges faced by the federal bank deposit insurance agency in its supervisory processes and the feedback received from regional ombudsmen and bankers are outlined in the agency ombudsman’s annual report, issued Thursday. The 2023 report from the Federal Deposit Insurance [...]
OCC publishes semiannual interest rate risk report for midsize, community banks

April 18, 2024 0

Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the Comptroller of the Currency’s (OCC) [...]
False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]

Fed board confirmation, reports on regulation/supervision, CU agency budgets all ahead this week

UPDATED: NCUA bylaws proposal in Federal Register Tuesday

CU regulator’s budget increases for next two years on board agenda

NCUA work to strengthen info security noted, more recommendations presented in OIG report

Agency to finally publish delay in risk-based capital rules for ‘complex’ credit unions

Agency funds 83% of grant requests received from low-income credit unions for $2 million

Four from CUs banned in October, regulator reports

Federal financial institution regulators have taken 13 deregulatory actions so far in Trump era, tracker finds

Credit union agency to host HMDA, consumer compliance webinar Nov. 14

Regulator touts two dozen changes in agency structure, lessening burden on credit unions

Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

Credit union regulator seeks comments on how to improve, update records retention rules

Ombudsman’s report notes banker frustration over lack of communication with FDIC

OCC publishes semiannual interest rate risk report for midsize, community banks

False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

‘Cautiously optimistic’ economic outlook noted in latest Beige report