NCUA

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[ August 28, 2026 ] ‘Unsafe, unsound practice’ redefined by bank agencies in interest of prioritizing material financial risks over policies FDIC
[ August 28, 2026 ] Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions FDIC
[ August 28, 2026 ] FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’ FDIC
[ August 25, 2026 ] Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses CFPB
[ August 25, 2026 ] FDIC reports higher ROA, net income for banks in second quarter FDIC

Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’

May 7, 2026 0

“Unsafe and unsound practices” at a $162 million-in-assets Jackson, Miss., credit union led to its conservatorship by the federal regulator, the agency said late Wednesday. Jackson Area Federal Credit Union (FCU) counts 15,500-plus members, the […]

In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks

May 6, 2026 0

The major assets prohibition threshold for credit union management interlocks would be raised to $10 billion – a four-fold increase from the current threshold of $2.5 billion, and matching that of bank regulations – under […]

Latest credit union to close was in conservatorship since January

May 4, 2026 0

People Trust Community Federal Credit Union of North Little Rock, Ark., was closed after about a three-month conservatorship by its federal regulator, becoming the second federally insured credit union closed in 2026. The National Credit […]

NCUA

NCUA seeks credit unions’ input on streamlining call report, profile data collection

April 23, 2026 0

Input from credit unions on how to “enhance and streamline” the agency’s data collections – in particular, through the 5300 Call Report, 5310 Corporate Call Report, and Form 4501A Profile – is being sought by […]

Proposed rule changes would make it easier for credit union boards to consider conversions, mergers to banks

April 21, 2026 0

Conversion or merger of a credit union into a bank would be made easier for a credit union board to propose and decide under the latest round of deregulation proposals issued by the federal regulator […]

NCUA deregulation project expected to run all year, maybe into 2027

April 9, 2026 0

A four-slide presentation related to Thursday’s National Credit Union Administration (NCUA) Board meeting shows the agency expects its deregulation project – which recently announced a ninth “phase” – to continue to late 2026 or early […]

Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

April 7, 2026 0

A rule that would, among other things, have federal bank and credit union regulators “consult” with the Financial Crimes Enforcement Network (FinCEN) on certain anti-money laundering/countering the financing of terrorism (AML/CFT) actions was issued Tuesday […]

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Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

August 28, 2026 0

A former chief financial officer of Bank of the Valley, Bellwood, Neb., is prohibited from any future work in federally insured financial institutions under a consent order issued in July and announced Friday by the federal bank deposit insurer. The [...]
FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

August 28, 2026 0

Five chapters were revised – and a template removed –from the federal bank deposit insurance agency’s consumer compliance exam manual, the agency said Friday, in a response to a new rule on unsafe, unsound practices. On Thursday, the Federal Deposit [...]
Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses

August 25, 2026 0

Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other federal agencies. The rescission of [...]
FDIC reports higher ROA, net income for banks in second quarter

August 25, 2026 0

Second-quarter call report data show banks’ return on assets (ROA) and net income both up from the second quarter and from a year ago, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. ROA overall was 1.37% in the second quarter, [...]
John Crews sworn in, designated NCUA Board chairman

August 24, 2026 0

A former Treasury official, John Crews, was sworn in Monday to a seat on the National Credit Union Administration (NCUA) Board, and he was designated chairman by President Donald Trump, the agency said. Crews, nominated in May and confirmed by [...]
Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank

August 24, 2026 0

The sole branch of a failed Philadelphia savings bank was scheduled to reopen Monday after its deposits were assumed, and “substantially all” its assets were purchased, by another savings bank in the city, the federal insurer of bank deposits said [...]
Fed makes public two consents to prohibitions, both for misappropriation of customer funds

August 20, 2026 0

Two more former bank workers have consented to prohibition orders, both for misappropriation of customer funds, the Federal Reserve said Thursday. The one of the prohibitions is for a former employee at Regions Bank, adding to the at least four [...]
Crews awaits swearing-in to seat on NCUA Board

August 20, 2026 0

There’s been no news yet of the swearing-in of John Crews to a term on the board of the National Credit Union Administration (NCUA), which is apparently working with all three board seats vacant. Crews, a Treasury official, was nominated [...]

Regulator takes control of Jackson, Miss., credit union citing ‘unsafe, unsound practices’

In latest ‘deregulation,’ credit union regulator proposes to match banks on prohibition thresholds for management interlocks

Latest credit union to close was in conservatorship since January

NCUA seeks credit unions’ input on streamlining call report, profile data collection

Proposed rule changes would make it easier for credit union boards to consider conversions, mergers to banks

NCUA deregulation project expected to run all year, maybe into 2027

Bank and credit union regulators, FinCEN propose AML/CFT rule changes that include larger FinCEN role

Groups would no longer be barred from credit union membership without buying service, product

One-member NCUA Board to hear briefings on several subjects – but take no action

Small PA credit union closed after regulator found it was ‘insolvent, no prospect’ for viable operations

Former bank CFO who diverted loan proceeds among those targeted in FDIC prohibitions

FDIC revises consumer exam manual in response to new definition of ‘unsafe, unsound practices’

Agencies rescind four-year policy on special purpose credit programs aimed to help disadvantaged consumers, businesses

FDIC reports higher ROA, net income for banks in second quarter

John Crews sworn in, designated NCUA Board chairman

Failed Philadelphia savings bank, closed late Friday, estimated to cost FDIC $5 million; sole branch reopens after P&A by other bank

Fed makes public two consents to prohibitions, both for misappropriation of customer funds

Crews awaits swearing-in to seat on NCUA Board