NCUA – Page 60 – Regulatory Report

What's up

[ May 8, 2025 ] OCC restores previous merger act rules; comments due in 30 days OCC
[ May 7, 2025 ] Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles OCC
[ May 6, 2025 ] ‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered CFPB
[ May 5, 2025 ] OCC’s RFI asks about obstacles to community banks going digital OCC
[ May 5, 2025 ] FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’ FDIC

Final rules on subordinated debt, proposal on risk-based capital changes to finally be published

February 22, 2021 0

Final rules on subordinated debt and corporate credit unions – and a proposed rule on risk-based net worth, COVID-19 regulatory relief – are scheduled to be published in the Federal Register Tuesday, which opens the […]

OIG: NCUA consumer complaint processing hits marks overall, but improvements needed in internal controls, communications

February 19, 2021 0

An audit of the federal credit union regulator’s consumer complaint program produced good marks overall but identified issues surrounding internal controls over complaint processing and communications with stakeholders, a report released recently shows. The audit […]

Share insurance fund closed 2020 with 1.26% equity ratio; deposit growth pressure continues

February 18, 2021 0

The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]

NCUA Board OKs use of alternative records to show a joint account qualifies separately for share insurance

February 18, 2021 0

A final rule permitting the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts was […]

Joint credit union regulator, tax agency webinar to look at earned income tax credit, VITA programs

February 17, 2021 0

A webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs will be held Feb. 23 and co-sponsored by the federal credit union regulator and the Internal Revenue Service (IRS), the […]

Credit union regulator’s funds earn ‘clean’ opinions – but big challenges loom in year ahead, report says

February 16, 2021 0

While four funds administered by the federal credit union regulator all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for credit unions that could […]

Final rule on joint ownership accounts, NCUSIF report slated Feb. 18

February 11, 2021 0

A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open meeting to be held virtually next Thursday by […]

NCUA urges ECIP-eligible credit unions to start working on applications now

February 11, 2021 0

Eligible credit unions interested in getting some of the $9 billion in capital provided for under the recently enacted Emergency Capital Investment Program at Treasury were encouraged to begin working on their applications sooner rather […]

Agency reminds credit unions of March 1 HMDA filing date

February 10, 2021 0

Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, their federal regulator told them Wednesday. In a Regulatory Alert (21-RA-03), the National Credit […]

Week ahead: Fed chief discusses jobs market, credit union agency head outlines priorities

February 5, 2021 0

The state of the U.S. labor market will be the focus of remarks next week by the chair of the nation’s central bank to a New York group, and priorities for the new chairman of […]

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OCC restores previous merger act rules; comments due in 30 days

May 8, 2025 0

The national bank regulator is restoring its pre-2024 business combinations rule under the Bank Merger Act (BMA), undoing the rule adopted last September and also rescinding its related policy statement. The changes by the Office of the Comptroller of the [...]
Regulator opens door to banks buying, selling crypto assets held in custody – the latest in rolling back crypto hurdles

May 7, 2025 0

National banks and federal savings associations may buy and sell crypto assets held in custody, the national bank regulator confirmed Wednesday in an interpretive letter. The Office of the Comptroller of the Currency (OCC) said the banks may transact the [...]
‘Buy now, pay later’ rule not a priority for enforcement, CFPB says; rescission to be considered

May 6, 2025 0

Enforcement of last year’s interpretive rule on “buy now, pay later” loans will not be prioritized and could be rescinded in the future, the Consumer Financial Protection Bureau (CFPB), the bureau said Tuesday. As with other rules the bureau has [...]
OCC’s RFI asks about obstacles to community banks going digital

May 5, 2025 0

Questions about the key challenges and barriers faced by community banks in adopting and implementing digital banking solutions are posed in a request for information (RFI) announced Monday by the national banking regulator. The Office of the Comptroller of the [...]
FDIC ratings under CRA show 3 banks ‘outstanding’ and 2 ‘needs to improve’

May 5, 2025 0

Of the 64 banks assigned ratings under the federal anti-redlining statute this February, three were rated “outstanding” and 2 were rated “needs to improve,” the federal bank deposit insurer said Monday. The remaining 57 banks were deemed “satisfactory” under the [...]
Enforcement of ECOA small-business loan data collection deprioritized at CFPB

May 1, 2025 0

Add the agency’s Equal Credit Opportunity Act (ECOA) small-business loan data collection rule to those the Consumer Financial Protection Bureau (CFPB) won’t be going out of its way to enforce. The bureau said Wednesday that in light of a stay [...]
Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings

May 1, 2025 0

About half of banks – out of 25 total – earned “outstanding” ratings for their compliance with anti-redlining regulations during April, the regulator of national banks said Thursday. In its latest monthly release of ratings for compliance with Community Reinvestment [...]
Texas commissioner re-elected as chair of state liaison committee to Exam Council

May 1, 2025 0

The Texas commissioner of banking will serve as the chair of the state regulator liaison committee for another year to the umbrella group of federal financial institution regulators, the agency announced Thursday. Charles G. Cooper, commissioner of the Texas Department [...]