NCUA

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[ June 19, 2026 ] Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses The Fed
[ June 18, 2026 ] Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers FDIC
[ June 17, 2026 ] Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t) OCC
[ June 18, 2026 ] OCC bars 2 from banking work; terminates 3 previous orders of enforcement OCC
[ June 17, 2026 ] GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more Other

3 former credit union employees barred from future service in insured FIs

July 1, 2021 0

Three former employees of credit unions in Oklahoma, Nevada, and Florida are prohibited from any future service in a federally insured financial institution under actions taken in June by the National Credit Union Administration. The […]

Bell tolls for tiny NJ credit union; members now served by PenFed

July 1, 2021 0

The 219-member, $506,000-in-assets Defense Logistics Federal Credit Union in Dover, N.J., was liquidated Thursday after about a 62-year run. The credit union, chartered in 1959, served civilian and military personnel of the Defense Contract Administration […]

Interagency statement notes first-ever AML/CFT national priorities; rules yet to come

June 30, 2021 0

An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]

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Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

June 19, 2026 0

“Imprudent” loans made to the relatives of an Oklahoma bank CEO have led to his prohibition from future bank employment and a fine of $125,000, the Federal Reserve said Thursday. According to the Fed, it has prohibited Thomas Engelbrecht from [...]
Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers

June 18, 2026 0

Establishing and maintaining “an effective” customer identification program (CIP) for permitted payment stablecoin issuers (PPSIs) was proposed Thursday by federal banking and credit union regulators, and the Treasury’s financial crimes enforcement unit. The proposal, issued under the auspices of the [...]
Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t)

June 17, 2026 0

A filing is inconsistent with law or regulation if it does not meet the applicable statutory or regulatory criteria for that filing type, the national bank regulator said Wednesday in a bulletin focusing on the agency’s filing decision process. The [...]
OCC bars 2 from banking work; terminates 3 previous orders of enforcement

June 18, 2026 0

Two banking executives were barred from any future work in federally insured financial institutions in consent prohibition orders announced Thursday by the Office of the Comptroller of the Currency (OCC). The agency’s prohibition orders noted that: Steven Ho, former vice president [...]
GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more

June 17, 2026 0

An annual review of the Federal Reserve’s Main Street Lending Program — created with other programs to ensure credit availability amid the COVID-19 pandemic — has seen 70% of the 1,830 loans made fully repaid, with 16% generating losses and about [...]
Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24

June 17, 2026 0

A mid-year budget update is on the agenda for the federal credit union regulator’s one-man board when he gavels in the meeting June 24, at 10 a.m. ET. According to the National Credit Union Administration (NCUA) Kyle Hauptman, chairman of [...]
OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

June 16, 2026 0

As there is no specified group of individuals presumed to be socially and economically disadvantaged under the statute creating minority depository institutions (MDIs), the national bank regulator is dropping portions of its rules that outline who those groups are, the [...]
UPDATED: Credit union regulator loosens rules on records preservation requirements

June 15, 2026 0

Guidance on records preservation for credit unions concerning the length of time credit unions should retain various types of operational records was removed from the federal regulator’s regulations under a final rule adopted Monday. According to the one-man board of [...]
FinCEN updates guidance on banks’ USA PATRIOT Act info sharing with others

June 15, 2026 0

Updated guidance on how financial institutions are permitted to share information with each other regarding suspected fraud was issued by Treasury’s financial crimes enforcement arm under the USA PATRIOT Act. The Financial Crimes Enforcement Network (FinCEN) on Friday released a [...]

3 former credit union employees barred from future service in insured FIs

Bell tolls for tiny NJ credit union; members now served by PenFed

Interagency statement notes first-ever AML/CFT national priorities; rules yet to come

Capitalization of interest rule for credit unions effective July 30

OIG reports NCUA has ‘low risk’ of improper payments; next review due in 2023

More than $865 million to be distributed to credit unions as agency closes corporate rescue plan

Financing of interest in loan workouts, modifications OK under NCUA final rule

Final rule permits phase-in of CECL’s day-one adverse impacts on FICUs

Credit union regulator maintains 18% loan interest rate ceiling to March 2023

NCUA sets diversity/inclusion summit for November

Former OK bank leader earns prohibition, $125k fine for ‘imprudent’ lending that led to millions in losses

Agencies jointly issue proposal for ‘effective’ customer ID program used by permitted stablecoin issuers

Want your filing approved? OCC attempts to clarify how that happens (and how it doesn’t)

OCC bars 2 from banking work; terminates 3 previous orders of enforcement

GAO: Fed’s COVID-era ‘Main Street’ loan program shows 70% of loans repaid; more

Credit union regulator’s Hauptman to receive three briefings at meeting set for June 24

OCC drops language from MDI rules designating what groups qualify as ‘socially, economically disadvantaged’

UPDATED: Credit union regulator loosens rules on records preservation requirements