NCUA – Page 45 – Regulatory Report

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[ February 27, 2026 ] New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter FDIC
[ February 27, 2026 ] OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities OCC
[ February 27, 2026 ] Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault FDIC
[ February 27, 2026 ] NCUA bars 5 former credit union employees from future FI service NCUA
[ February 27, 2026 ] FDIC, OCC release Q2, Q3 CRA evaluation schedules FDIC

NCUA issues letter on revised exam rating system – CAMELS – that kicks in April 1

March 8, 2022 0

A Letter to Credit Unions explaining changes that added components to the agency’s examination rating system to account for a credit union’s sensitivity to market risk and redefine the system’s definition of liquidity risk was […]

Credit union regulator’s webinar to look at overdraft protection programs, including fees, types

March 8, 2022 0

Overdraft protection programs – and their fee structures, public views of the services, and market changes – are on the agenda for a March 23 webinar sponsored by the federal credit union regulator. The National […]

GAO: FDIC, NCUA, OCC ‘don’t know’ if ‘banking access’ efforts are working; performance measures recommended

March 7, 2022 0

Regulators’ efforts aimed at increasing banking access to low-income, less-educated, and minority households should include performance measures to determine their effectiveness, the congressional watchdog recommended Monday. In a report, the Government Accountability Office (GAO) said […]

Credit unions post solid increases in profitability for 2021 – but larger ones leaving smaller behind

March 7, 2022 0

Credit unions posted solid financial results for 2021 with return on average assets (ROAA) and net worth both exceeding the numbers posted the previous year, the federal credit union regulator said Monday. In releasing fourth-quarter […]

NCUA closes $5 million Empire Financial FCU, first insured credit union closed in 2022

March 4, 2022 0

Empire Financial Federal Credit Union (FCU) of New York, N.Y., a tiny credit union that last reported about $5.12 million in assets and 270 members, on Friday became the first federally insured credit union liquidated […]

Comments due May 2 on proposal raising asset-size threshold for large-credit-union supervision office

March 3, 2022 0

A proposal raising from $10 billion to $15 billion the asset size of certain federally insured credit unions (FICUs) whose supervision is handled by an office assigned to large, complex institutions is out for public […]

Asset Threshold for Determining the Appropriate Supervisory Office

March 3, 2022 0

Title: Asset Threshold for Determining the Appropriate Supervisory Office Subject: ONES supervision Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its regulations to revise the $10 billion asset threshold used for […]

Agency to end conservatorship of small GA credit union by middle of month

March 2, 2022 0

A $43 million, Georgia credit union will soon be back in the hands of its members after being conserved about two years ago, its federal regulator said Tuesday. Southern Pine Credit Union of Valdosta, Ga., […]

2 NCUA Board members talk innovation before credit union audience

March 1, 2022 0

Fintech and cryptocurrency were among the key topics Tuesday of addresses by two members of the National Credit Union Administration (NCUA) Board before a Washington, D.C., audience of credit union leaders and staff. Speaking before […]

Overdraft fees, consumer compliance remain key priorities, credit union regulator asserts

February 28, 2022 0

Credit unions can expect a review of their overdraft fee programs during examinations this year, their federal regulator’s ultimate intent being to use what’s learned in the reviews for “a more thorough review” next year, […]

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New bank for investment firm Edward Jones wins federal insurance for Utah industrial charter

February 27, 2026 0

An investment firm with more than $2.2 trillion in assets under management has been awarded deposit insurance for a new industrial bank it has chartered in Salt Lake City, the federal bank deposit insurance agency said Friday. According to the [...]
OCC: Final rule clarifies national trust banks may engage in non-fiduciary activities

February 27, 2026 0

A final rule that aligns regulatory language with related language in underlying statute clarifies that national trust banks may engage in non-fiduciary activities, the national bank regulator announced in a bulletin Friday. The final rule, effective April 1, was issued [...]
Former tellers prohibited following scheme to launder illicit drug proceeds through bank’s vault

February 27, 2026 0

Two Indiana bankers – who both worked for the same bank in Covington, Ind. – were prohibited from further work in a financial institution after pleading guilty to laundering more than $1.6 million of illicit drug sales proceeds, the federal [...]
NCUA bars 5 former credit union employees from future FI service

February 27, 2026 0

Five former employees of credit unions are permanently barred from future service in any federally insured depository institution under one consent order and four notices of prohibition announced Friday. The release by the National Credit Union Administration (NCUA) said the [...]
FDIC, OCC release Q2, Q3 CRA evaluation schedules

February 27, 2026 0

Nearly 400 banks are slated for evaluations under the anti-redlining Community Reinvestment Act (CRA) over the following two calendar quarters, according to schedules released Friday. Both the Federal Deposit Insurance Corp. (FDIC) and the Office of the Comptroller of the [...]
OCC issues GENIUS proposal of its own, catching up with other regulators

February 26, 2026 0

Months after another federal banking regulator – and the federal credit union regulator — issued a proposal to implement new laws allowing banks to issue stablecoins through subsidiaries, the national bank regulator has now done the same, it said late [...]
FinCEN solicits nominations to BSA advisory panel

February 25, 2026 0

Treasury’s financial crimes enforcement arm is seeking nominations of eligible organizations – including smaller financial institutions subject to the Bank Secrecy Act (BSA) and entities that can share insights on BSA framework modernization and implementation of the GENIUS Act – [...]