NCUA – Page 15 – Regulatory Report

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[ December 10, 2025 ] OCC says 9 biggest supervised banks engaged in ‘debanking’; more to come OCC
[ December 10, 2025 ] Credit union regulator launches ‘first round’ of changing, eliminating ‘overly burdensome’ regulations NCUA
[ December 10, 2025 ] FinCEN says virtual currency trading platform facilitated suspicious activity; imposes $3.5 million penalty Other
[ December 9, 2025 ] Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending OCC
[ December 9, 2025 ] OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions OCC

More time given for credit unions to apply for community development grants

July 9, 2024 0

The deadline is now July 12 for credit unions to apply for 2024 Community Development Revolving Loan Fund (CDRLF) grants, their federal regulator said late Monday announcing the extension. The previous deadline was July 1. […]

OIG finds NCUA effective in budgeting exam hours, provides some comparisons with banking regulator

July 8, 2024 0

A 2021 study shows the federal credit union regulatory agency budgeted much fewer examination hours for supervised credit unions than the federal bank deposit insurer did for supervised banks in the periods covered, according to […]

$38.6 million GA credit union conserved by NCUA

June 17, 2024 0

An Atlanta, Ga.-based credit union that was conserved by the federal credit union regulatory agency Friday showed a nearly $150,000 net loss just in the first quarter and losses of more than half that amount […]

Credit unions’ feedback sought via CISA survey on critical infrastructure needs

June 14, 2024 0

Credit unions are being encouraged to participate in a survey by the Department of Homeland Security’s Cybersecurity and Infrastructure Agency (CISA) that seeks to identify what types of CISA services best meet their needs for […]

OIG makes 4 recommendations for improving NCUA’s BSA program

June 13, 2024 0

A self-initiated review of the federal credit union regulator’s Bank Secrecy Act (BSA) program produced four recommendations by the agency’s inspector general for improving parts of its examination tool, its process of reporting to Treasury’s […]

Regulator urges credit unions to weigh in on Treasury RFI about AI

June 7, 2024 0

Risks of artificial intelligence is a subject the federal regulator wants its credit unions to weigh in on, according to a release issued by the agency Friday. The National Credit Union Administration (NCUA) “encouraged” credit […]

NCUA issues provisional charter for Fair Break Federal Credit Union

June 6, 2024 0

The federal regulator of credit unions has issued a charter under its provisional charter pilot initiative for what is called the Fair Break Federal Credit Union in Memphis, Tenn., the agency said Thursday. Under the […]

Credit unions’ Q1 assets rise 4.4% to $2.31 trillion, outstanding loans up 4.6% to $1.6 trillion; both year over year

June 5, 2024 0

Federally insured credit unions (FICUs) grew their total assets by $96 billion to a total of $2.31 trillion in the first quarter of 2024 – an increase of 4.4% from a year ago, the federal […]

Need to talk technology issues with credit union regulator? Agency sets up August, November office hours

June 5, 2024 0

Scheduling time to discuss credit union financial technology with their federal regulator will be possible with “office hours” set up by the agency, it said Wednesday. The office hours will be Aug. 20-22 and Nov. […]

4 former credit union employees barred in May include one sentenced to jail

May 31, 2024 0

Four former credit union employees – one of whom was sentenced in April after being charged then pleading guilty to numerous counts that included grand theft and forgery – are permanently barred from participating in […]

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OCC says 9 biggest supervised banks engaged in ‘debanking’; more to come

December 10, 2025 0

A five-page report (plus cover) providing “preliminary findings” of a supervisory review of purported “debanking” activities by the nine largest banks it supervises was released Wednesday by the Office of the Comptroller of the Currency (OCC). The OCC’s review, still [...]
Credit union regulator launches ‘first round’ of changing, eliminating ‘overly burdensome’ regulations

December 10, 2025 0

Calling it the “first round” of proposed regulatory changes, the federal credit union regulator Wednesday released a laundry list of rules it said it intends to change or remove. According to the National Credit Union Administration (NCUA), it plans to [...]
FinCEN says virtual currency trading platform facilitated suspicious activity; imposes $3.5 million penalty

December 10, 2025 0

A convertible virtual currency, peer-to-peer trading platform was fined $3.5 million for allegedly facilitating more than $500 million in suspicious activity involving “a host of illicit actors,” Treasury’s financial crimes enforcement arm said. The fine against Paxful, Inc., and Paxful [...]
Comptroller jumps on board to oppose state enforcing usury laws on out of state bank, fintech lending

December 9, 2025 0

The courts, or Congress, should remedy the outcome of a legal case decided last month that out-of-state banks and fintech partners lending to someone in Colorado must comply with state interest rate caps, the national banking regulator said Tuesday as [...]
OCC letter: Banks permitted to engage in ‘riskless’ principal crypto-asset transactions

December 9, 2025 0

Banks may engage in “riskless” principal crypto-asset transactions with and on behalf of their customers, according to an interpretive letter released Tuesday by the Office of the Comptroller of the Currency (OCC). The letter, from the agency’s senior deputy comptroller [...]
New credit union, third this year, will provide lending, saving to CA underserved area

December 8, 2025 0

A new credit union will soon be offering financial services – including mortgages and home equity loans — to its membership in the Bay Area of California, its federal regulator said Monday. The charter for Haven Federal Credit Union(FCU) – [...]
Three banks ‘outstanding,’ three others ‘need improvement,’ FDIC says in latest CRA report

December 8, 2025 0

Three banks earned ratings of “outstanding” for their compliance with anti-redlining rules in results of examinations in September, the federal bank deposit insurance agency said Friday. However, three other banks earned ratings of “needs improvement” and the remaining 52 banks [...]