NCUA – Page 19 – 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

Use of max, minimum age as exception to automated underwriting violates ECOA, credit union regulator warns

August 1, 2023 0

Policies or practices that require manual underwriting as an exception to automated underwriting systems based on minimum or maximum ages violates federal law, credit unions were reminded by their regulator in a message Tuesday. The […]

Vermont credit unions being monitored by federal regulator in wake of storms, flooding

August 1, 2023 0

Credit unions in flooded areas of Vermont are receiving special attention from their federal regulator, the agency said Tuesday, to help protect consumers and ensure continuity of services. The action from the National Credit Union […]

Former FL credit union employee barred from future FI service

July 31, 2023 0

A former credit union teller/member service representative who reportedly lacked a required security clearance because of prior criminal arrests for theft was prohibited from any future service in a federally insured financial institution under a […]

Bank, credit union regulators say safety, soundness includes having access to ‘a range of contingency funding resources’

July 28, 2023 0

Depository institutions are urged to regularly evaluate and update their contingency funding plans in a guidance addendum issued jointly Friday by the federal bank, savings association and credit union regulators. The agencies view that having […]

Postal workers credit union in Yonkers, NY, conserved

July 28, 2023 0

The $6.3 million-assets Yonkers Postal Employees Credit Union of Yonkers, N.Y., was conserved Friday by the state’s financial services department, which appointed the National Credit Union Administration (NCUA) as conservator. The NCUA, announcing the conservatorship, […]

Credit union regulator lists consumer financial protection as key component to supervision

July 27, 2023 0

Consumer financial protection is a core component of credit union regulation, the board chairman of the federal agency that oversees the institutions said Thursday, and is not at odds with regulation meant to ensure safety […]

Proposed change in agency’s op fee methodology out for comment until Sept. 5

July 26, 2023 0

A change in the operating fee schedule methodology that would exempt federal credit unions with assets of less than $2 million – up from $1 million – is out for comment until Sept. 5, according […]

Federal Credit Union Bylaws

July 26, 2023 0

Title: Federal Credit Union Bylaws Subject: Member expulsion Agency: NCUA Status: Final rule Summary: On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of 2022 (Governance Modernization Act). Under the statute, the […]

Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology

July 26, 2023 0

Title: Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology Subject: Operating fees Agency: NCUA Status: Notice and request for comment Summary: The NCUA Board (Board) is requesting comment on changes to […]

UPDATED: Expulsion-for-cause provision added to agency’s standard federal credit union bylaws

July 20, 2023 0

This story updated based on Federal Register notice July 26. A final rule giving federal credit union (FCU) boards authority to expel a member for cause was approved July 20 by the National Credit Union […]

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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 [...]