NCUA – Page 20 – Regulatory Report

What's up

[ July 3, 2025 ] Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts FDIC
[ July 3, 2025 ] 7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure FDIC
[ July 1, 2025 ] NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks NCUA
[ July 1, 2025 ] Seven banks – including Bank of China branches – earn top ratings for CRA compliance OCC
[ June 30, 2025 ] Fed: 2025 stress test shows banks ‘well positioned’ to withstand severe recession The Fed

Bank, credit union regulators respond to latest disasters in Hawaii, Mississippi

August 15, 2023 0

The wildfires affecting Hawaii as well as severe storms and tornadoes in Mississippi drew statements from federal bank and credit union regulatory agencies about available regulatory relief and authorization to close offices until conditions are […]

OIG makes 3 recommendations to address NCUA supervision QA program deficiencies

August 14, 2023 0

Three recommendations to bring the federal credit union regulatory agency’s quality assurance program (QAP) into full compliance with its own National Supervision Policy Manual (NSPM) are provided in an inspector general report dated Aug. 8 […]

NCUA letter: Tighter cyber incident reporting requirements kick in Sept. 1

August 14, 2023 0

Credit unions face tighter notification requirements regarding cyber incidents beginning Sept. 1 under rule changes adopted in February, their federal regulator said in a letter Monday. In Letter to Credit Unions 23-CU-07, the National Credit […]

Regulator arranges webinar with state-based credit union associations to discuss ‘strategic partnering’

August 9, 2023 0

State-based trade groups and the federal credit union regulator will team up for a webinar later this month to discuss “strategic partnering” between the two, the agency announced Wednesday. In a release, the National Credit […]

New alert to credit unions notes rise in cyberattacks, including those related to web file transfer app

August 3, 2023 0

Noting a “concerning rise” in cyberattacks against credit unions, credit union service organizations (CUSOs) and other third-party vendors, the federal credit union regulator on Thursday urged credit unions and associated entities to take immediate steps […]

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, […]

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Violations in 2024 of TIL and flood insurance once again were tops for banks; HMDA abuses move up the charts

July 3, 2025 0

The two most common violations of consumer compliance supervision in 2024 were those related to truth-in-lending and mandatory flood insurance – pretty much the same results reported in 2023 — according to an annual report issued Thursday by the federal [...]
7 banks ‘outstanding,’ 64 ‘satisfactory’ for CRA, FDIC reports in latest disclosure

July 3, 2025 0

Seventy-one banks whose performance ratings under the anti-redlining Community Reinvestment Act (CRA) were announced Thursday were all rated either “outstanding” or “satisfactory,” according to the Federal Deposit Insurance Corp. (FDIC). The information, which the FDIC said became publicly available in [...]
NCUA shutters small IL credit union after 12-day conservatorship; third to close in two weeks

July 1, 2025 0

A tiny credit union that was placed into conservatorship June 18 was closed by its federal regulator July 1, the agency said in a release that alleged violations of federal law and rules. It is the third credit union the [...]
Seven banks – including Bank of China branches – earn top ratings for CRA compliance

July 1, 2025 0

Seven banks – including two branches of the Bank of China – received the highest ratings for compliance with rules implementing anti-redlining laws, according to scores released Tuesday by the national bank regulator. The ratings for compliance with Community Reinvestment [...]