NCUA – Page 2 – Regulatory Report

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[ January 22, 2020 ] Pair of Fed nominations leaves three seats in regulatory leadership yet to be resolved FDIC
[ January 21, 2020 ] Citibank pays nearly $18 million for violating flood insurance requirements OCC
[ January 21, 2020 ] Operations director named for Western Region of federal credit union regulator NCUA
[ January 21, 2020 ] Credit union regulator’s board to consider supervisory, personnel actions Thursday NCUA
[ January 16, 2020 ] White House finally announces Trump’s intent to nominate pair to Fed seats The Fed

Credit union regulator issues two prohibition notices in December

December 31, 2019 0

One prohibition notice and one prohibition order were issued by the federal credit union regulator in December, the agency said Tuesday, essentially meaning the individuals subject to the actions are prohibited from participating in the […]

NCUA updating operating agreements with state supervisors, follow-up process on reviews of state exam reports

December 30, 2019 0

The federal regulator of credit unions is working to update operating agreements with state supervisors and plans to create a formal process for improving documentation of supervisory examiner decisions following its own reviews of state […]

IG’s info security report on NCUA cites control weaknesses, makes 15 recommendations

December 18, 2019 0

Fifteen recommendations for strengthening the National Credit Union Administration’s (NCUA) information security program are detailed in a fiscal 2019 inspector general report on the agency’s compliance with the Federal Information Security Modernization Act of 2014 […]

Credit unions overwhelmingly post positive net income, but membership lagging, report indicates

December 17, 2019 0

About 89% of all federally insured credit unions had positive net income during the first three quarters of the year – but all credit unions in Alaska, Maine, Nevada, New Hampshire, and Vermont had positive net […]

Credit union regulator delays capital rule to 2022; board member indicates new ‘suite’ of capital proposals coming soon

December 12, 2019 0

A rule to subject some credit unions to “risk-based capital” (RBC) requirements was delayed until 2022 on a split vote of the board for the federal regulator of credit unions Thursday. The delay is the […]

Credit unions’ 12-month loan growth declines in third quarter as deposit growth rises; ROAA up

December 6, 2019 0

Federally insured credit unions (FICUs) saw continued, albeit slowing, loan growth during the four quarters ending Sept. 30, with total loans growing 5.9% during the period, down from 9.5% for the same period ending 12 […]

Credit union regulator lectured on agency independence from White House during Senate hearing

December 5, 2019 0

A brief, but exacting, lecture on financial regulator independence was delivered by the top Democrat of the Senate Banking Committee to the top federal credit union regulator at a hearing Thursday in Washington. Sen. Sherrod […]

NCUA Board slates action on risk-based capital rule delay, 2020-2021 budget

December 5, 2019 0

A final rule likely providing for a new delay in implementation of a risk-based capital rule that applies to “complex” credit unions is slated for action next week by the National Credit Union Administration (NCUA) […]

Bank, credit union regulators’ statement cites usefulness of alternative data in credit underwriting, notes benefits/risks

December 3, 2019 0

The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]

NCUA bars six from future service in insured financial institutions

December 2, 2019 0

Six former credit union-affiliated parties were barred from any future service in a federally insured financial institution in prohibition notices and orders issued last month by the National Credit Union Administration (NCUA). The barred individuals, […]

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