NCUA – Page 129 – Regulatory Report

What's up

[ April 26, 2024 ] WA bank fined $500k over FTC Act, RESPA violations FDIC
[ 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[ April 25, 2024 ] Competing proposals to change rules on Bank Control Act withdrawn after neither can win majority of FDIC Board votes FDIC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

Agency releases for comment laundry list of reg reforms

August 16, 2017 0

A laundry list of sweeping regulatory reform proposals over a four-year period – including delaying “risk-based capital” requirements, a new rule allowing alternative capital and blocking credit unions switching from federal insurance to be eligible […]

J. Mark McWatters

August 2, 2017 0

Report: NCUA renegotiating lawyer fees for corporate recoveries

August 2, 2017 0

NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]

Credit union regulator expects Trump orders to ‘influence’ agency’s work

February 27, 2017 0

At least two of the executive orders issued by President Donald Trump this month and last are expected to “influence” the work of the federal credit union regulator, the new acting chairman of the agency […]

CU among nation’s top 150 conserved by NCUA

February 11, 2017 0

A $1.8 billion credit union — within the top 150 federally insured credit unions in the country in asset size — Friday was conserved by the New York State Department of Financial Services, which appointed the […]

Proposed capital rule by credit union regulator published

February 7, 2017 0

Alternative capital at credit unions is the subject of an advance notice of proposed rulemaking by NCUA published by the Federal Register today, opening the 90-day public comment period. Comments will be due on the […]

Freeze ‘does not apply’ to NCUA – but ‘spirit’ will be followed

January 31, 2017 0

A regulatory freeze imposed by the Trump administration does not apply to the NCUA, as it is an independent federal financial regulator, but the agency will “adhere to its spirit,” according to a statement issued […]

McWatters named acting credit union agency chairman

January 26, 2017 0

J. Mark McWatters is the new acting chairman of the NCUA Board, replacing Rick Metsger, as the result of a White House designation Thursday, according to a report by CUToday.info. McWatters, a Republican, has served […]

Court dismisses banker lawsuit challenging NCUA MBL rule

January 24, 2017 0

A federal court has dismissed a lawsuit against NCUA’s new member business loan (MBL) rule on procedural rules, but only after also pointing out that the suit would have been dismissed on its merits as […]

Credit unions considered for ‘alternative capital’

January 19, 2017 0

Proposals on “alternative capital” and adjustments for inflation to civil money penalties were issued for comment by the NCUA Board at its Thursday meeting, in a short but significant session. In issuing an “Advanced Notice […]

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WA bank fined $500k over FTC Act, RESPA violations

April 26, 2024 0

A bank that the federal bank deposit insurer said violated Federal Trade Commission (FTC) Act and Real Estate Settlement Procedures Act (RESPA) rules was assessed a $500,000 civil money penalty (CMP) in March, the Federal Deposit Insurance Corp. (FDIC) said [...]
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 its first meeting May 2. The Federal Deposit Insurance Corp. (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 [...]