NCUA – Page 13 – Regulatory Report

What's up

[ May 17, 2024 ] Bureau, facing legal challenges, plans extending compliance date for small business lending rule CFPB
[ May 17, 2024 ] Fed Board denies requests for regulatory action on changes to CAMELS ratings, disclosure of ‘Black Lives Matter’ support The Fed
[ May 17, 2024 ] Arkansas bank with Michigan loan production office agrees to settlement of $1.5 million, worker enforcement actions FDIC
[ May 17, 2024 ] Credit union regulator sets report on savings insurance fund, with or without chairman’s attendance NCUA
[ May 16, 2024 ] ‘CFPB here to stay’ director vows following high court’s ruling that funding mechanism is constitutional CFPB

NCUA, PR cooperatives supervisor announce MOU

April 27, 2023 0

The federal regulator of credit unions said it signed a memorandum of understanding (MOU) Wednesday with Puerto Rico’s financial institutions supervisor describing how the two plan to cooperate in areas of staff training, supervision and […]

Agencies issue joint reminder that U.S. dollar LIBOR ends June 30; urges banks, credit unions to ensure they have ready alternatives

April 26, 2023 0

U.S. dollar (USD) London Inter-Bank Offered Rate (LIBOR) panels end June 30, and banks and credit unions are expected to complete their transition of remaining LIBOR contracts as soon as practicable, the federal banking, credit […]

New federal credit union sponsored by United Church of Christ, headquartered in NYC

April 25, 2023 0

A new federal credit union headquartered in New York City to serve primarily employees and members of the United Church of Christ – with 4,700 churches and about 745,230 members – is expected to begin […]

Input due June 26 on NCUA info request on climate-related financial risk

April 25, 2023 0

The National Credit Union Administration’s request for information (RFI) on climate-related financial risks to the credit union system was published in the Federal Register Tuesday with a comment deadline of June 26. The RFI, released […]

Climate-Related Financial Risk

April 25, 2023 0

Title: Climate-Related Financial Risk Subject: Climate risk Agency: NCUA Status: Request for information and comment Summary: The NCUA is seeking public input on current and future climate and natural disaster risks to federally insured […]

Regulator seeks up to $5 million restitution, penalty from former CEO of Texas credit union

April 24, 2023 0

Restitution of at least $4 million, and a civil money penalty of $1 million, is being sought from a former credit union leader for causing a substantial loss to his institution, the federal credit union […]

Agencies move to be consistent with GAAP for recognizing, measuring TDRs by creditors

April 21, 2023 0

The elimination under revised accounting rules of recognition and measurement of troubled debt restructurings (TDRs) by creditors, and removal of references to TDRs, led to issuance Friday of an interagency policy statement by the three […]

On vote of 2-1, NCUA Board issues climate-change RFI

April 21, 2023 0

A request for information (RFI) on climate-related financial risk to insured credit unions, related entities, their members, and the National Credit Union Share Insurance Fund (NCUSIF) was released by the federal credit union regulator’s board […]

Credit unions’ exposure to climate-change impacts identified in agency ‘research note’

April 19, 2023 0

A “research note” that illustrates credit unions’ exposure to climate-related physical risks – with about one-fourth of insured credit unions reportedly found to be in areas with high or very high risk of negative impacts […]

Webinar set for May 3 on simplified CECL tool for small credit unions

April 18, 2023 0

An hour-long webinar on a simplified tool to help small credit unions implement the current-expected-credit-losses (CECL) accounting standard is slated for May 3 and open for registration now, the National Credit Union Administration (NCUA) said […]

« 1 … 11 12 13 14 15 … 130 »

Bureau, facing legal challenges, plans extending compliance date for small business lending rule

May 17, 2024 0

More time will be allowed to comply with a small business lending rule issued last year by the consumer financial protection agency, it said Friday, “in light of court orders in ongoing litigation.” The Consumer Financial Protection Bureau (CFPB) said [...]
Fed Board denies requests for regulatory action on changes to CAMELS ratings, disclosure of ‘Black Lives Matter’ support

May 17, 2024 0

Two requests for regulatory action – one on disclosure of financial commitments to corporate initiatives – including “Black Lives Matter” — the other on changes to the agency’s rating system for banks — were denied by the Federal Reserve Board, [...]
Arkansas bank with Michigan loan production office agrees to settlement of $1.5 million, worker enforcement actions

May 17, 2024 0

An Arkansas bank operating a loan production office in Michigan has agreed to a $1.5 million civil money penalty (CMP), and nine former employees of the bank have stipulated to individual enforcement actions, the federal bank deposit insurance agency said [...]
Credit union regulator sets report on savings insurance fund, with or without chairman’s attendance

May 17, 2024 0

A quarterly report on the federal insurance program for savings at credit unions is the only item appearing on the May meeting of the credit union regulator’s board, the agency said late Thursday. The National Credit Union Administration (NCUA) Board [...]
‘CFPB here to stay’ director vows following high court’s ruling that funding mechanism is constitutional

May 16, 2024 0

The funding mechanism of the federal consumer financial protection agency is neither novel nor unusual, but an “essential part of the nation’s financial regulatory system,” the director of the agency said in a statement Thursday following a U.S. Supreme Court [...]