Latest developments from the NCUA (National Credit Union Administration), prudential regulator of federal credit unions and savings insurer for members of federal and state credit unions.
Comments on a proposed rule that would set a 72-hour limit on the time frame for federally insured credit unions (FICUs) to report certain cyber incidents to the National Credit Union Administration (NCUA) are due […]
Title: Cyber Incident Notification Requirements for Federally Insured Credit Unions Subject: Cyber incident notification Agency: NCUA Status: Proposed rule Summary: Due to the increased frequency and severity of cyberattacks on the financial services sector, the […]
A final rule raising from $10 billion to $15 billion the asset-size threshold for credit unions subject to agency central office oversight was approved Thursday by the board of the federal credit union regulator. This […]
A proposal setting a roughly three-day limit on the time frame for federally insured credit unions (FICUs) to report certain cyber incidents to their federal regulator was issued for comment Thursday with a 60-day comment […]
A final rulemaking on an asset threshold for determining the “appropriate supervisory office” at thefederal credit union regulator is on the agenda for its board’s meeting July 21, the agency said Thursday. The National Credit […]
No customer type presents a single level of uniform risk or a particular risk profile related to money laundering, terrorist financing or other illicit financial activity, the federal banking and credit union agencies, along with […]
Two former credit union employees – one of whom reportedly pleaded guilty to counts of bank fraud, tax evasion, and embezzlement – were barred from any future service in a federally insured financial institution in […]
Multiple common bond federal credit unions (FCUs) that want to add underserved areas to their fields of membership no longer need to list each area’s street boundaries but instead should list census tracts and the […]
More than $1.7 billion is available for grants to credit unions and other financial institutions designated as community development financial institutions (CDFIs) to help communities recovering from the coronavirus pandemic if the institutions apply by […]
Spring rulemaking updates for federal financial regulators were announced this week, featuring a variety of proposed and final rules up for action over the next several months, including modernizing rules implementing the anti-redlining Community Reinvestment […]
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