NCUA – Page 2 – Regulatory Report

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[ May 24, 2019 ] FinCEN’s new Innovation Hours Program will facilitate demos of tech products, services to enhance BSA/AML efforts Other
[ May 24, 2019 ] Large banks would be ‘comfortable’ with 40% less reserve balances, survey finds The Fed
[ May 23, 2019 ] Three in four say they are ‘doing OK’ financially, Fed survey results find – but financial distress still exists The Fed
[ May 23, 2019 ] Federal savings associations with $20 billion or less prior to 2018 can elect to operate as ‘covered’ institutions under OCC rule OCC
[ May 23, 2019 ] OCC advisory panel on minority institutions meets June 12 in Dallas OCC

Credit union regulator bars three from future service in any insured institution

April 30, 2019 0

A former board member and two former employees of credit unions are barred from working or engaging in the affairs of any federally insured financial institution under prohibition orders issued in April by the National […]

Bank, credit union regulators testify May 15 before Senate Banking

April 26, 2019 0

While no banking regulators are slated to testify in Tuesday’s Senate Banking Committee hearing on federal banking agency regulation, those agencies, along with the federal regulator of credit unions, will each have witnesses before the […]

Small Tennessee credit union conserved by federal regulator

April 24, 2019 0

A $12-million-in-assets credit union in Tennessee was placed into conservatorship by its federal savings insurer late Tuesday, typically a first step to either merging the institution into another or liquidating it completely. The National Credit […]

Compensation in Connection with Loans to Members and Lines of Credit to Members

April 19, 2019 0

Title: Compensation in Connection with Loans to Members and Lines of Credit to Members Subject: Compensation Agency: NCUA Status: ANPR Summary: The NCUA Board (Board) is issuing this advance notice of proposed rulemaking (ANPR) to […]

Voting 3-0, NCUA Board issues ANPR on how to modernize credit union loan-related compensation rules

April 18, 2019 0

In its first open meeting featuring a full complement of three members since 2016, the NCUA Board on Thursday issued an advance notice of proposed rulemaking (ANPR) that seeks comments on how current rules could […]

Hood cites focus on modernizing FCU charter, capital reform, cyber security in opening his first board meeting as chair

April 18, 2019 0

Rodney Hood, the newly installed chairman of the National Credit Union Administration (NCUA) Board, said in opening Thursday’s board meeting that he is looking forward as chairman to enhancing and modernizing the federal credit union […]

Credit union regulator delays monthly May meeting by one week

April 10, 2019 0

An additional week will go by before the federal credit union regulator meets in May, the agency announced Tuesday but without providing any details why. The National Credit Union Administration (NCUA) Board said it has […]

With second swearing in for Harper, credit union regulator board reaches full strength for first time in three years

April 9, 2019 0

The governing board of the federal credit union regulator will have a full contingent of three members for the first time since 2016 when it meets next week in Alexandria, Va., at agency headquarters – […]

Trump switches chairmen at credit union regulator; McWatters swears in new leader Hood

April 8, 2019 0

In a surprising move Monday, incoming National Credit Union Administration (NCUA) Board Member Rodney E. Hood was designated chairman of the agency panel by President Donald Trump. Hood was sworn into office by his predecessor […]

UPDATED: FFIEC cybersecurity assessment tool up for renewal; comments invited

April 4, 2019 0

Federal bank and credit union regulators are inviting comments until June 4 on renewal of the FFIEC Cybersecurity Assessment Tool created to assist financial institutions in assessing their inherent cyber risks and risk management capabilities, […]

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FinCEN’s new Innovation Hours Program will facilitate demos of tech products, services to enhance BSA/AML efforts

May 24, 2019 0

Treasury’s financial crimes unit on Friday announced a new program that will allow financial institutions, technology providers, and other firms involved in financial services the chance to present new, emerging innovative products and services and approaches designed to enhance anti-money [...]
Large banks would be ‘comfortable’ with 40% less reserve balances, survey finds

May 24, 2019 0

Large banks believe they could be holding much lower reserve balances – about 40% less – than they are holding now, largely because of the continued low-interest-rate environment, according to the results of a survey of senior financial officers released [...]
Three in four say they are ‘doing OK’ financially, Fed survey results find – but financial distress still exists

May 23, 2019 0

Three in four U.S. adults said in 2018 that, financially at least, they were “doing OK” or “living comfortably” – up 12 percentage points from 2013 – according to the results of a survey released Thursday by the Federal Reserve. [...]
Federal savings associations with $20 billion or less prior to 2018 can elect to operate as ‘covered’ institutions under OCC rule

May 23, 2019 0

Federal savings associations (FSAs) that had total consolidated assets of $20 billion or less as of Dec. 31, 2017, can elect to operate as “covered” savings associations and enjoy the same rights and privileges as a national bank under a [...]
OCC advisory panel on minority institutions meets June 12 in Dallas

May 23, 2019 0

A public meeting of the panel that advises the Office of the Comptroller of the Currency (OCC) on issues affecting minority depository institutions is set for 1 p.m. Central time in Dallas, the OCC announced Thursday. The Minority Depository Institutions [...]
Fed plans test operation of term deposit facility next week; ‘no implications for monetary policy’

May 23, 2019 0

One operation this month of the Term Deposit Facility (TDF) will be tested by the Federal Reserve, with the aim of ensuring its operational readiness and providing the institutions that may use it some degree of familiarity, the agency said [...]
More public unit and nonmember shares would be OK for credit unions under NCUA proposed rule

May 23, 2019 0

The basis for measuring the regulatory limit on nonmember and public unit shares that federally insured credit unions (FICUs) may hold would change – in many cases increasing the dollar amount that could be held – under a proposed rule [...]
Aids for credit union chartering, identifying low-income areas for service focus of CURE office at NCUA

May 23, 2019 0

The federal agency that charters and regulates federal credit unions says it’s planning to offer more resources for credit unions to identify low-income areas they might serve, and information for those seeking to charter a new credit union, through its [...]