NCUA – Page 77 – Regulatory Report

What's up

[ 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
[ May 1, 2025 ] Enforcement of ECOA small-business loan data collection deprioritized at CFPB CFPB
[ May 1, 2025 ] Nearly half of 25 banks evaluated in April by OCC earn ‘outstanding’ CRA ratings OCC
[ May 1, 2025 ] Texas commissioner re-elected as chair of state liaison committee to Exam Council Other

Letter details new rules for credit union earnings retention, ‘streamlined’ net worth plans

June 9, 2020 0

Earnings retention required for credit unions classified as adequately capitalized, and credit unions’ streamlined net worth restoration plans (NWRPs), are addressed in a letter to credit unions issued by their federal regulator Tuesday. In May, […]

Elder financial abuse, aggravated by pandemic, focus for webinar

June 8, 2020 0

An update on the impact of elder financial exploitation and scams related to the coronavirus (COVID-19) crisis will be explored in a Thursday (June 11) webinar hosted by the federal credit union regulator and featuring […]

Comments due July 6 on NCUA proposal on joint ownership share accounts

June 5, 2020 0

A proposal allowing account records information other than a signature card to support the insured status of a joint ownership share account in a credit union was published in the Federal Register Friday with a […]

Joint Ownership Share Accounts

June 5, 2020 0

Title: Joint Ownership Share Accounts Subject: Joint accounts; share insurance Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending its share insurance regulation governing the requirements for a share account to be […]

Regulators’ group jointly decries racism, discrimination; vows commitment to financial inclusion

June 5, 2020 0

Racism and discrimination must not be tolerated, a joint statement released Friday by all federal financial institution regulators stated in the wake of the death of a Minneapolis man during a police apprehension last week. […]

Credit union regulator speaks out on George Floyd death, calls for ‘true inclusion’ among financials

June 2, 2020 0

“Abuse of authority and violence against a black man” prompted the chairman of the board for the federal credit union regulator to release a pointed statement Tuesday urging “true inclusion” among regulators, financial institutions and […]

Credit union regulator slaps three with prohibitions

June 1, 2020 0

Two individuals were prohibited from service at credit unions or other federally insured financial institutions after being sentenced for financial crimes, and a third agreed to a prohibition order after an investigation revealed a theft. […]

First credit union of 2020 fails; third of year (so far) for federally insured financial institutions

June 1, 2020 0

The first credit union failure in 2020 was announced Friday by the federal credit union regulator – and the third federally insured financial institution to fail this year so far – as the agency took […]

After almost a month, interagency policy statement on credit losses accounting (CECL), guidance on credit risk review systems, available Monday

May 29, 2020 0

Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to […]

Temporary Regulatory Relief in Response to COVID-19 – Prompt Corrective Action

May 28, 2020 0

Title: Prompt Corrective Action: Earnings Retention Waivers and Net Worth Restoration Plans Subject: Prompt corrective action; coronavirus response Agency: NCUA Status: Interim final rule Summary: The NCUA Board (Board) is extending two temporary changes to […]

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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 [...]