NCUA – Page 18 – Regulatory Report

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[ December 11, 2025 ] Exam Council provides MSA, MD reports through Census Online database Other
[ December 10, 2025 ] OCC says 9 biggest supervised banks engaged in ‘debanking’; more to come OCC
[ December 10, 2025 ] UPDATED: 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

3 credit union failures cost share insurance fund $1.4 million at year-end

February 15, 2024 0

Three federally insured credit union failures cost the National Credit Union Share Insurance Fund (NCUSIF) approximately $1.4 million in losses at the end of the fourth quarter of 2023, according to a report issued Thursday. […]

Credit union regulator touts ‘clean audits’ for ’23 among programs, including savings insurance

February 13, 2024 0

Unmodified or “clean” audits of programs managed by the federal credit union regulator – including the $21.4 billion fund that ensures the savings of credit union members – were announced Tuesday by the agency. According […]

OIG, in review of NCUA cloud computing services, urges an enterprise-wide strategy

February 13, 2024 0

Recommendations that the federal regulator of credit unions should implement an enterprise-wide cloud computing strategy and develop and implement associated policies, procedures, and standards are provided in an agency inspector general report posted recently to […]

Share insurance fund report, MDI program IRPS slated for Thursday’s NCUA Board meeting

February 12, 2024 0

A year-end report on the fund that insures deposits (shares) in federally insured credit unions is one of two items slated for discussion Thursday during the open meeting of the National Credit Union Administration (NCUA) […]

Virginia credit union worker consents to prohibition after agency finds illicit credit card use

January 31, 2024 0

A worker at a Virginia credit union was prohibited from further employment at a federally insured financial institution in the only enforcement action reported by the federal regulator in January, the agency said Wednesday. According […]

Credit union regulator to strive for 15 underserved area expansions in 2024

January 23, 2024 0

Will the coming year bring more credit union expansion into underserved areas? Maybe, if credit unions’ federal regulator succeeds in satisfying a particular performance indicator it set for itself for 2024. The National Credit Union […]

Credit and liquidity risks among NCUA’s supervisory priorities in 2024

January 22, 2024 0

This year’s supervisory priorities for the federal regulator of credit unions include credit risk, liquidity risk, consumer financial protection, information security, and interest-rate risk, and more, the agency said in a letter to credit unions […]

Agency warns credit unions of 16% increase in operating fees due this year, after budget changes, lack of credits

January 19, 2024 0

Operating fees payable to their federal regulator will be up more than 16% in 2024, federal credit unions were warned in a letter issued Friday, a result of new annual budgets “and other factors” including […]

Otsuka joins with other NCUA Board members in approving agency’s 2024 performance plan

January 18, 2024 0

The 2024 annual performance plan for the federal credit union regulatory agency was approved, 3-0, by the agency’s board during its open meeting Thursday, the first for Tanya Otsuka in her capacity as an agency […]

Agency warns credit unions of ‘growing liquidity stresses;’ offers areas to monitor

January 17, 2024 0

“Growing liquidity stresses” within the credit union system have prompted an “advisory” from the institutions’ federal regulator issued Wednesday, urging credit unions to engage in liquidity management conducted with “necessary frequency.” In its advisory, the […]

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Exam Council provides MSA, MD reports through Census Online database

December 11, 2025 0

Reports for Metropolitan Statistical Areas (MSAs) that contain multiple Metropolitan Divisions (MDs) can now be produced by the “Census Online” database maintained by the umbrella group for federal financial regulators, the agency said Thursday. The Federal Financial Institutions Examination Council [...]
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 [...]
UPDATED: 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 [...]