NCUA – Page 18 – Regulatory Report

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[ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
[ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
[ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
[ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC
[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB

$76 million to be distributed to credit unions in September that are U.S. Central paid-in capital shareholders

September 11, 2023 0

A $76 million distribution to credit unions that were paid-in capital shareholders of the former U.S. Central Corporate Federal Credit Union is scheduled to be completed before the end of this month, the National Credit […]

Credit union assets hit $2.2 trillion, loans $1.56 trillion in Q2, but higher delinquency rate and charge-offs noted

September 7, 2023 0

A note of “cautious optimism” was struck by the chairman of the federal credit union regulatory agency Thursday regarding second-quarter call report data from federally insured credit unions (FICUs). National Credit Union Administration (NCUA) Board […]

After 5 charter applications and still not enough information, petitioner seeking to form a federal credit union loses on appeal

August 18, 2023 0

A petitioner who reportedly sought to form a federally chartered credit union to serve a community with a population exceeding 5 million failed to submit information that would show the institution to be viable and […]

NCUA-IRS webinar to detail how credit unions can participate in Volunteer Income Tax Assistance program

August 18, 2023 0

Credit unions can learn how to participate in the IRS Volunteer Income Tax Assistance (VITA) program during a webinar slated Sept. 7 and co-hosted by the IRS and National Credit Union Administration (NCUA). The NCUA […]

FI regulators on Hawaii wildfires: Federal, state financial institution agencies jointly pledge reg assistance to affected institutions

August 17, 2023 0

Federal and Hawaii state financial institution regulators pledged Thursday to provide appropriate regulatory assistance to supervised banks and credit unions affected by the Hawaii wildfires. In a joint statement, the agencies – the Federal Reserve […]

Bank, credit union regulators respond to latest disasters in Hawaii, Mississippi

August 15, 2023 0

The wildfires affecting Hawaii as well as severe storms and tornadoes in Mississippi drew statements from federal bank and credit union regulatory agencies about available regulatory relief and authorization to close offices until conditions are […]

OIG makes 3 recommendations to address NCUA supervision QA program deficiencies

August 14, 2023 0

Three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM) are provided in an inspector general report dated Aug. 8 […]

NCUA letter: Tighter cyber incident reporting requirements kick in Sept. 1

August 14, 2023 0

Credit unions face tighter notification requirements regarding cyber incidents beginning Sept. 1 under rule changes adopted in February, their federal regulator said in a letter Monday. In Letter to Credit Unions 23-CU-07, the National Credit […]

Regulator arranges webinar with state-based credit union associations to discuss ‘strategic partnering’

August 9, 2023 0

State-based trade groups and the federal credit union regulator will team up for a webinar later this month to discuss “strategic partnering” between the two, the agency announced Wednesday. In a release, the National Credit […]

New alert to credit unions notes rise in cyberattacks, including those related to web file transfer app

August 3, 2023 0

Noting a “concerning rise” in cyberattacks against credit unions, credit union service organizations (CUSOs) and other third-party vendors, the federal credit union regulator on Thursday urged credit unions and associated entities to take immediate steps […]

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Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

May 7, 2025 0

National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

May 6, 2025 0

Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
OCC’s RFI asks about obstacles to community banks going digital

May 5, 2025 0

Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

May 5, 2025 0

Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]