NCUA – Page 40 – Regulatory Report

What's up

[ April 18, 2024 ] Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank OCC
[ April 18, 2024 ] Credit union regulator seeks comments on how to improve, update records retention rules NCUA
[ April 18, 2024 ] Ombudsman’s report notes banker frustration over lack of communication with FDIC FDIC
[ April 18, 2024 ] OCC publishes semiannual interest rate risk report for midsize, community banks OCC
[ April 17, 2024 ] False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO CFPB

NCUA revises board agenda for July 22 meeting, removing strategic plan review

July 21, 2021 0

The strategic plan review for the federal credit union regulator’s board will not be on the agenda for its meeting Thursday after all, the regulator indicated Wednesday as it issued a revised meeting plan. However, […]

UPDATED: NCUA Board upholds denial of board position for former (unnamed) CEO of troubled (unnamed) credit union

July 20, 2021 0

– The appeal decision noted below was temporarily removed from public view on the NCUA website but is now restored. – A former chief executive officer of a troubled federal credit union has been denied a […]

As end of Fed chair’s term looms early next year, White House mum on what’s next

July 16, 2021 0

If Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell should be looking over his shoulder at a replacement for him when his term runs out in February, the White House is giving no indication […]

Credit union version of CBLR slated for proposal July 22

July 15, 2021 0

A proposed rule on a “complex credit union leverage ratio” is slated for consideration during next week’s open meeting of the National Credit Union Administration (NCUA) Board. The meeting, set for 10 a.m. next Thursday, […]

Credit union regulator to begin ‘first phase’ of resuming onsite operations in some areas

July 14, 2021 0

The “first phase” in the agency’s plan to resume onsite operations will begin July 19 at the National Credit Union Administration (NCUA), with staff and contractors permitted to volunteer to work onsite in locations where […]

NCUA, CFPB, FTC slate fraud webinar July 28 focused on servicemember protections

July 12, 2021 0

A webinar focusing on consumer financial protections for military servicemembers and their families is slated July 28 by the National Credit Union Administration (NCUA), Consumer Financial Protection Bureau (CFPB), and Federal Trade Commission (FTC). The […]

More info, changes to come for Treasury ECIP; 14-day application period extension to follow

July 9, 2021 0

Treasury plans to make clarifications and amendments to a capital investment program created for community development financial institutions (CDFIs) and minority depository institutions (MDIs) that may be disproportionately affected by the economic impacts of the […]

Policy for Setting the Normal Operating Level

July 6, 2021 0

Title: Policy for Setting the Normal Operating Level Subject: NCUSIF normal operating level (NOL) Agency: NCUA Status: Notice; request for comment Summary: The NCUA Board (Board) is requesting public comments on the policy to set […]

CDFI-sponsored federal credit union in PA is second FCU chartered in 2021

July 6, 2021 0

A new federal credit union (FCU) sponsored by a community development financial institution (CDFI) has been chartered to serve the approximately 550,000-person community of Lancaster County in Lancaster, Pa., the National Credit Union Administration (NCUA) […]

CECL transition rule for credit unions effective Aug. 2

July 1, 2021 0

A final rule permitting federally insured credit unions (FICUs) to phase in over three years the day-one adverse effects on net worth of the current-expected-credit-loss (CECL) accounting methodology is set to take effect Aug. 2, […]

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Still another assessed fine, prohibited, after involvement in troubled loan program at Michigan bank

April 18, 2024 0

Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller of the Currency (OCC) said [...]
Credit union regulator seeks comments on how to improve, update records retention rules

April 18, 2024 0

Finding methods for improving and updating the records preservation program regulations and accompanying guidelines of the federal credit union regulator is the goal of an advance notice of proposed rulemaking (ANPR) issued Thursday by the agency’s board. The National Credit [...]
Ombudsman’s report notes banker frustration over lack of communication with FDIC

April 18, 2024 0

Challenges faced by the federal bank deposit insurance agency in its supervisory processes and the feedback received from regional ombudsmen and bankers are outlined in the agency ombudsman’s annual report, issued Thursday. The 2023 report from the Federal Deposit Insurance [...]
OCC publishes semiannual interest rate risk report for midsize, community banks

April 18, 2024 0

Interest rate risk (IRR) data gathered during examinations of midsize and community banks and federal savings associations (FSA) by the national bank regulator was published Thursday by the agency. The report, the Office of the Comptroller of the Currency’s (OCC) [...]
False claims about student loan costs, graduate hiring rates lead to action against for-profit school, CEO

April 17, 2024 0

Deceiving students about the cost of loans and making false claims about graduates’ hiring rates have led to a consent order and a civil money penalty (CMP) against a San Francisco-based, for-profit vocational school and its CEO, the federal consumer [...]
‘Cautiously optimistic’ economic outlook noted in latest Beige report

April 17, 2024 0

Mixed results on consumer spending, “roughly flat” bank lending and some increases in residential construction and tourism were noted by the Federal Reserve in its April Beige Book report on economic conditions. The report is based on information collected on [...]