NCUA – Page 88 – 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

‘Allowance for credit loss’ policy under CECL adopted by credit union regulator; ‘day one’ phase-in vowed

February 20, 2020 0

The National Credit Union Administration (NCUA) Board adopted an interagency policy on allowances for credit losses (ACLs) as affected by the upcoming current expected credit loss (CECL) accounting standard at its meeting Thursday in Alexandria, […]

Proposal would allow corporates to invest in credit union subordinated debt – but only after capital deduction

February 20, 2020 0

Corporate credit unions could invest in subordinated debt instruments issued by credit unions – action proposed in a regulation last month – but would be required to fully deduct the amount of the instrument from […]

Credit union regulator sells off portfolio of taxi medallion loans gained in liquidations

February 20, 2020 0

Taxi medallion loans, held since several credit unions making the advances were liquidated in 2018, have been sold by the federal credit union regulator, the agency said Wednesday. In a release, the National Credit Union […]

Examiners dropped the ball on C B S Employees FCU, IG says; failure cost share insurance fund $39.5 million

February 18, 2020 0

The former CEO of the now-defunct C B S Employees Federal Credit Union of Studio City, Calif., got away with embezzlement for about 20 years undetected by staff or the credit union’s federal regulatory agency […]

Credit union regulator funds get clean audit opinions for 2019; top agency challenges also noted

February 14, 2020 0

The four funds administered by the federal regulator of credit unions – the National Credit Union Share Insurance Fund (NCUSIF), the agency’s operating fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan […]

Credit union regulator board to consider final policy statement on ACL under CECL

February 13, 2020 0

A final interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at credit unions will be considered by the federal credit […]

NCUA inviting input until Aug. 3 on 16 regs under review in 2020

February 11, 2020 0

One-third of the regulations published by the federal regulator of credit unions is under review this year, and the agency is accepting input on those rules until Aug. 3. The National Credit Union Administration (NCUA) […]

Six small CUs agree to pay small fines for failing to file call reports on time

February 4, 2020 0

Six credit unions will pay a total of $2,259 in civil money penalties (CMPs) for filing late call reports at mid-year, the federal credit union regulator said Monday. The National Credit Union Administration (NCUA) said […]

Credit union regulator bars seven from future service in federally insured FIs

January 31, 2020 0

Seven former credit union employees were barred from any future involvement in the affairs of a federally insured financial institution under six prohibition notices and one order issued in January, according to a release Friday […]

Special closed meeting set Feb. 6 for NCUA Board

January 30, 2020 0

A supervisory matter is the sole agenda item published for a Feb. 6 special meeting announced Thursday for the National Credit Union Administration (NCUA) Board. The meeting is set for 10 a.m. in the board […]

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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 [...]