NCUA – Page 124 – Regulatory Report

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[ May 15, 2024 ] July public hearing set for proposed acquisition of Discover by Capitol One; comment date extended again OCC
[ May 13, 2024 ] NCUA says chairman taking time off for back surgery NCUA
[ May 13, 2024 ] Fed, CFPB approve Reg CC funds availability adjustments effective July 2025 CFPB
[ May 13, 2024 ] Report cites vulnerabilities in non-bank mortgage servicing sector, including financial stability risk; offers recommendations Other
[ May 10, 2024 ] Despite rising delinquency rates – especially in CRE and consumer loans – banks building capital, Fed report finds The Fed

Trio prohibited from financial institutions; one faces $1.7 million restitution order

December 29, 2017 0

Three individuals are prohibited from participating in the affairs of any federally insured financial institution – including one who was ordered to pay more than $1.7 million in restitution – under notices and an order […]

Mortgage disclosures, cybersecurity at top of agency’s supervisory priorities for ‘18

December 27, 2017 0

Cybersecurity may be at the top of the “primary issues of supervisory focus” for 2018 by the federal regulator of credit unions, but easing of citations for disclosure violations of mortgage loan data will likely […]

Regulator fines 39 credit unions for filing late 2Q call reports

December 22, 2017 0

Penalties for filing call reports late for the second quarter of 2017 were agreed to by 39 federally insured credit unions for total fines of $10,150, the National Credit Union Administration (NCUA) said Friday. The […]

New credit union will serve NC local government employees with business loans, remote access

December 20, 2017 0

A new credit union – with an estimated membership potential of 283,000 – has been chartered in North Carolina, and will operate under a broad charter serving employees of local government in the state, with […]

Report singles out growth (or lack thereof) of credit unions, state-by-state, at end of Q3 ’17

December 20, 2017 0

Credit unions in Idaho and Vermont showed the biggest surge in asset growth in the year ended Sept. 30, according to state figures from the end of the third quartered reported Wednesday by the National […]

Credit union regulator joins banking supervisors in disaster-response guidance for examiners

December 18, 2017 0

Issued in concert with federal banking regulators, a letter providing guidance for institutions affected by a major disaster – including hurricanes and flooding – has been published by the federal regulator of credit unions. Overall, […]

KY credit union conserved to ‘correct weaknesses’

December 15, 2017 0

A $28 million Kentucky credit union was placed into conservatorship Friday to give it time to “allow the credit union to continue regular operations with experienced management in place and to correct operational weaknesses,” the […]

FSOC ’17 report pledges commitment to sufficient capital, liquidity for financial institutions

December 14, 2017 0

Financial regulators should continue to ensure that financial institutions have sufficient capital and liquidity to reduce threats to economic and financial shocks, the federal umbrella group for the regulators said in its annual report, released […]

Agency changes timelines on emergency mergers, reorganizes some offices in headquarters

December 14, 2017 0

Final rules that would change the time range for considering credit union insolvency through emergency mergers, and some reorganization of the federal agency for credit unions, were both approved unanimously Thursday by the National Credit […]

Credit unions expand lending, memberships at 3Q ‘17

December 13, 2017 0

Credit union lending was up nearly 11% over the year ending Sept. 30, 2017, and memberships continued to surge, posting more than a 4% increase over the same period, according to figures released Wednesday by […]

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July public hearing set for proposed acquisition of Discover by Capitol One; comment date extended again

May 15, 2024 0

The proposed acquisition of Discover Financial Services by a large, Virginia-based banking firm will be considered during a public hearing in about two months, the banks’ federal regulators said late Tuesday. The public comment period on the proposed acquisition was [...]
NCUA says chairman taking time off for back surgery

May 13, 2024 0

Todd Harper, the chairman of the federal agency that regulates credit unions, told staff Monday that he will be taking time off to undergo and recover from back surgery, the agency said in a release. The National Credit Union Administration [...]
Fed, CFPB approve Reg CC funds availability adjustments effective July 2025

May 13, 2024 0

Inflation adjustments in dollar amounts related to federal funds availability rules were announced Monday by the Federal Reserve Board and Consumer Financial Protection Bureau (CFPB) with a compliance date of July 1, 2025. The rules, contained in Regulation CC, implement [...]
Report cites vulnerabilities in non-bank mortgage servicing sector, including financial stability risk; offers recommendations

May 13, 2024 0

Key vulnerabilities that may impair nonbank mortgage servicers’ ability to carry out critical functions, and could amplify shocks to the mortgage market leading borrowers to miss payments and cause losses to secondary market giants, are outlined in a report issued [...]