NCUA – Page 84 – Regulatory Report

What's up

[ 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

Combined statistical area with population up to 2.5 million once again deemed a ‘well-defined’ local community an FCU may serve

July 30, 2020 0

A federally chartered credit union will once again be able to seek to serve a combined statistical area (CSA) as a “well-defined” local community if that area has a population no greater than 2.5 million […]

Hood reiterates board’s plan for CECL action Thursday in remarks to credit union group

July 29, 2020 0

Queuing up Thursday’s planned action regarding the credit loss accounting standard, National Credit Union Administration (NCUA) Board Chairman Rodney Hood told a credit union group Wednesday that he remains concerned about the standard’s potential impact […]

August webinar focuses on credit union lending to small-business exporters

July 28, 2020 0

A webinar for credit unions, “Export Financing for Your Small Business Members,” will be hosted Aug. 19 by the National Credit Union Administration (NCUA) and feature Export-Import Bank staff providing a look at the bank’s […]

NCUA alert details mortgage servicers’ COVID-19-related loss mitigation options

July 28, 2020 0

An interim final rule detailing how mortgage servicers can provide COVID-19-related forbearance based on their evaluation of limited information collected from a borrower – and which took effect July 1 – is outlined in a […]

Final reg on FOM, CECL transition proposed rule slated July 30 by NCUA Board

July 23, 2020 0

The board of credit unions’ federal regulatory agency will consider a final rule on chartering and field-of-membership, a proposed rule on credit unions’ transition to the accounting industry’s “current expected credit losses” (CECL) methodology, and […]

Eugene Schied named as NCUA’s chief financial officer

July 21, 2020 0

Eugene H. Schied has been named chief financial officer (CFO) for the National Credit Union Administration (NCUA), succeeding Rendell Jones, who became the agency’s deputy executive director this January, the agency said Tuesday. Schied joined […]

Credit union regulator nominee sticks mostly to script, answers some questions, faces some criticism

July 21, 2020 0

The nominee for a seat on the federal credit union regulator’s board stayed close to the script of his opening statement and faced limited questions during a hearing Tuesday before a Senate committee. After Kyle […]

3 priorities for NCUA Board nominee Hauptman: Pandemic, technology, ‘aligning’ incentives

July 20, 2020 0

Managing the fallout from the current pandemic, expanding technology’s role in reaching the underserved, and aligning incentives to promote sound credit union performance are the three priorities outlined briefly in written testimony slated Tuesday by […]

NCUA webinar next week focuses on disabilities act, financial inclusion

July 17, 2020 0

Federally insured credit unions can register now for a two-hour webinar slated by their federal regulator July 23 on financial inclusion for persons with disabilities and the 30th Anniversary of the Americans with Disabilities Act […]

In face of continuing coronavirus crisis, credit union regulator updates supervisory priorities

July 15, 2020 0

Anti-money laundering efforts, use of aid to deal with the coronavirus crisis, credit risk management and LIBOR transition are all among the updated items in the list of regulatory priorities released by the federal credit […]

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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 [...]