NCUA

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[ February 3, 2023 ] 6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports FDIC
[ February 3, 2023 ] FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach FDIC
[ February 2, 2023 ] Seven banks receive ‘outstanding’ ratings for CRA performance; none rated less than ‘satisfactory’ OCC
[ February 1, 2023 ] ‘Outdated’ IT exam program for banks holds weaknesses, needs improvements, report finds FDIC
[ February 1, 2023 ] OCC issues guidance for dealing with new, lower HMDA closed-end mortgage reporting threshold OCC

NCUA OIG recommends failover test of IT network, better communication on operations continuity, security matters

January 6, 2023 0

Four recommendations aimed at strengthening the federal credit union regulator’s Continuity of Operations Program (COOP) are laid out in an inspector general report following an audit of all COOP program activities from Jan. 1, 2018, […]

Fintech policy for credit unions will be role of former Kentucky regulator at federal agency

January 3, 2023 0

A former regulator of credit unions in Kentucky will lead the federal regulator’s efforts in developing agency policy for dealing with financial technology (fintech) firms, the federal agency said Tuesday. Charles Vice, formerly the commissioner […]

Comments due Feb. 23 on NCUA fintech proposal

December 30, 2022 0

Feb. 23 is the public comment deadline on a proposed rule to permit more flexibility for credit unions to use “advanced technologies and opportunities” in lending that is offered through financial technology (fintech) firms, according […]

Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions

December 30, 2022 0

Title: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions Subject: Fintech; indirect lending, eligible obligations Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is seeking comment on a proposed […]

NCUA issues quarterly update for simplified CECL tool; CECL kicks in for most on Jan. 1

December 22, 2022 0

The Simplified CECL Tool for credit unions – CECL being “current expected credit losses” – has been updated for December 2022 as the effective date for CECL nears for most credit unions. The National Credit […]

Emergency exemption for ‘virtual-only’ FCU membership, board meetings expires Dec. 31

December 20, 2022 0

A COVID-19-related bylaw amendment for authorizing virtual-only membership and board meetings by federal credit unions (FCUs) is set to expire Dec. 31, according to a letter from the institutions’ federal regulator. The bylaw was approved […]

NCUA six-month report shows 2 CU failures cost insurance fund estimated $6.7 million

December 19, 2022 0

The two insured-credit-union failures that occurred from April through September 2022 cost the credit union share insurance fund an estimated $6.7 million, according to the National Credit Union Administration’s (NCUA) Office of Inspector General’s (OIG) […]

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6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports

February 3, 2023 0

Of the 44 banks that received their federal anti-redlining compliance ratings in November, six of them were rated “outstanding” and two were deemed “needs to improve,” according to data released Friday by the Federal Deposit Insurance Corp. (FDIC). The FDIC, [...]
FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach

February 3, 2023 0

The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if any, on recent past reporting [...]

NCUA OIG recommends failover test of IT network, better communication on operations continuity, security matters

Fintech policy for credit unions will be role of former Kentucky regulator at federal agency

Comments due Feb. 23 on NCUA fintech proposal

Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions

NCUA issues quarterly update for simplified CECL tool; CECL kicks in for most on Jan. 1

Emergency exemption for ‘virtual-only’ FCU membership, board meetings expires Dec. 31

NCUA six-month report shows 2 CU failures cost insurance fund estimated $6.7 million

Proposal seeks to open door wider for credit unions to partner with fintechs in lending

Credit union regulator gives green light to budget increase of 6% for 2023

NCUA conserves tiny credit union in Indiana

6 banks rated ‘outstanding’ under CRA, 2 ‘needs to improve,’ FDIC reports

FDIC, credit union regulator offer guidance on lower HMDA reporting threshold; expect ‘flexible’ approach