NCUA – Page 108 – Regulatory Report

What's up

[ April 26, 2024 ] Five new members of community banking advisory panel named; will join May 2 meeting FDIC
[ April 25, 2024 ] Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes FDIC
[ April 25, 2024 ] FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline FDIC
[ April 25, 2024 ] CFPB’s consumer panel to meet May 15 CFPB
[ April 24, 2024 ] Bureau asserts scrutiny of mortgage servicing fees having impact; declines in overdraft, NSF fees leveling off CFPB

Left unsaid at Senate hearing with regulators: ‘EGRRCPA’ (thankfully)

October 2, 2018 0

As federal financial institution regulators spoke Tuesday to Senate Banking Committee members in testimony and during questions and answers, many words and terms were thrown about. But one term noticeably was left unsaid: EGRRCPA, as […]

Lawmakers urge quick work on S. 2155 implementation

October 2, 2018 0

Bank regulators were urged to move apace on efforts to tailor prudential standards for banks under $250 billion in assets during a Senate Banking Committee hearing Tuesday on implementation of the recently enacted financial reform […]

Regulators lay out future needs, plans in testimony before Senate Banking panel

October 2, 2018 0

Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]

Communications process among members in CU mergers addressed in agency letter

October 1, 2018 0

Facilitating the sharing of member-to-member (MTM) communications when a federally insured credit union is merging with another is addressed in a letter to credit unions (LTCU) published Monday by their federal regulator. The National Credit […]

NCUA closes 6th insured credit union in 2018; liquidation follows 15-month conservatorship

October 1, 2018 0

The sixth 2018 liquidation of a federally insured credit union was announced Monday by the National Credit Union Administration (NCUA): LOMTO Federal Credit Union (Woodside, N.Y.) was closed Sunday, with its members, most shares, some […]

BSA customer ID rule exemption set for FIs’ loans to businesses to buy property and casualty insurance

September 28, 2018 0

An exemption from Bank Secrecy Act (BSA) customer identification program rules for loans made for the purchase of property and casualty insurance was approved by federal regulators Friday, effective as of Sept. 27, 2018. The […]

Agency bars 5 former credit union employees from future service in FIs

September 28, 2018 0

Five former credit union employees, one of whom was ordered to pay $1 million in restitution in addition to serving prison time for her crimes, have been barred from future involvement in the affairs of […]

UPDATED: NCUA proposes $334.8 million budget in ’19; $304.4 million is for operating budget

September 26, 2018 0

Increases of 4.3% and 2.7% in total budget dollars for 2019 and 2020 are proposed by the federal regulator of credit unions in documents slated for publication soon in the Federal Register and due to be […]

EGRRCPA has spurred 35 actions by regulators so far, more than half during past six weeks

September 25, 2018 0

Federal financial institution regulators have taken at least 35 individual public actions since late May to put into effect the new regulatory relief legislation, according to a compilation of the actions by Regulatory Report. According […]

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 […]

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Five new members of community banking advisory panel named; will join May 2 meeting

April 26, 2024 0

Five new members of the community banking advisory committee to the federal bank deposit insurance agency were named Friday by the organization, which also said the group will attend their first meeting May 2. The Federal Deposit Insurance Corporation (FDIC) [...]
Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes

April 25, 2024 0

Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, largely after it became apparent [...]
FDIC: Deposit Insurance Fund on track to reach statutory minimum before deadline

April 25, 2024 0

The federal bank deposit insurer’s Deposit Insurance Fund (DIF) reserve ratio grew from 1.11% June 2023 to 1.15% in December and remains on track to return to its statutory minimum of 1.35% before its statutory deadline of Sept. 30, 2028, [...]
CFPB’s consumer panel to meet May 15

April 25, 2024 0

A public meeting of the Consumer Advisory Board (CAB) of the federal consumer financial protection agency is slated for May 15 from 10:30 a.m. to 1 p.m. Eastern. CAB is charged with advising and consulting with the Consumer Financial Protection [...]