NCUA – Page 87 – Regulatory Report

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[ 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
[ April 30, 2025 ] 2 Dems in Senate, House want IG to investigate NCUA Board member firings NCUA
[ April 30, 2025 ] Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’ NCUA

Workday strip-club visits, alcohol use, consumption of pot ‘edibles’ cited in OIG report on NCUA’s former top lawyer, deputy

March 6, 2020 0

The former general counsel of the National Credit Union Administration (NCUA), then also the agency’s designated ethics official, retired from the agency a day after his interview with the agency inspector general’s office over allegations […]

UPDATED: NCUA chairman responds to report, now public, about misconduct allegations at agency

March 6, 2020 0

An Office of Inspector General (OIG) report addressing allegations of potential harassment within the federal credit union regulatory agency describes activities that are “unacceptable and do not represent the values of the agency,” the chairman […]

Credit unions earned $14.1 billion in 2019, most profitable year in at least the last 10

March 5, 2020 0

Credit unions earned $14.1 billion in 2019, up 8.8% (or $1.1 billion) from 2018, the federal credit union regulator reported Thursday in releasing year-end financial performance numbers, the most profitable year-end performance in at least […]

Regulators honor founding of Freedman’s Bank 155 years ago

March 3, 2020 0

Honoring the 155th anniversary of the “Freedman’s Bank” – the financial institution created in the wake of the Civil War to provide financial services (and opportunity) to recently emancipated enslaved people – brought together federal […]

Eleven barred from future FI service by orders of credit union regulator

February 28, 2020 0

Eleven former credit union employees, two from the same credit union in Michigan and two from the same credit union in Indiana, were barred from future participation in the affairs of any federally insured financial […]

Credit union regulator reprises push for added consumer compliance supervision in speech

February 26, 2020 0

Including “consumer financial protection” among his four priorities as a credit union regulator, National Credit Union Administration (NCUA) Board Member Todd Harper on Wednesday reiterated his desire to see the agency strengthen its own focus […]

NCUA, CFPB reps to speak in March 11 webinar on serving low-income, underserved areas

February 25, 2020 0

A webinar focusing on credit union service to low-income and underserved communities will be hosted March 11 by the National Credit Union Administration’s (NCUA) Office of Credit Union Resources and Expansion and will include representatives […]

Hood says NCUA contacted 23 firms in effort to find a purchaser of taxi medallion loans

February 25, 2020 0

The federal credit union regulatory agency’s recent sale of taxi medallion loans acquired through liquidations of credit unions was preceded by a “thorough” vetting of bidders to ensure only reputable firms dedicated to working in […]

NCUA’s McWatters says sale of taxi medallion loan portfolio spared insurance fund, credit unions further losses

February 24, 2020 0

The recently announced sale of the agency’s taxi medallion loan portfolio to Marblegate Asset Management LLC was the best option for meeting the agency’s statutory obligation to achieve the least long-term cost to the National […]

Minority depository institutions focus of March 3-4 forum led by NCUA’s Hood

February 24, 2020 0

A two-day Minority Depository Institution (MDI) Forum taking place at the Treasury Department and the National Credit Union Administration (NCUA) next week, March 3 and 4, is open to credit unions on a first-come, first-served […]

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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 [...]
2 Dems in Senate, House want IG to investigate NCUA Board member firings

April 30, 2025 0

The ranking Democrats on the U.S. Senate Banking Committee and House Financial Services Committee on Tuesday called for an inspector general investigation of the president’s recent firings of National Credit Union Administration (NCUA) Board Members Todd Harper and Tanya Otsuka. [...]
Regulator closes small New Jersey credit union with ‘no prospect for restoring viable operations’

April 30, 2025 0

A small New Jersey credit union was liquidated Wednesday by the federal credit union regulator after the agency said it had found the cooperative to be insolvent. The National Credit Union Administration (NCUA) said it liquidated Unilever Federal Credit Union [...]
Three former credit union workers prohibited in April, agency reports

April 30, 2025 0

Three former credit union workers were prohibited in April from further work in federally insured financial institutions, the federal regulator announced Wednesday. The National Credit Union Administration (NCUA) said the three individuals were: Anh-Thu Nguyen, a former worker of Goldenwest [...]