NCUA – Page 94 – Regulatory Report

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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

Agencies emphasize risk-focused approach in BSA/AML exam manual updates

April 15, 2020 0

Updates to the manual used to guide examinations of banks’ and credit unions’ compliance with Bank Secrecy Act/anti-money laundering (BSA/AML) requirements – to promote transparency but setting no new requirements – were released Wednesday by […]

Banking agencies establish 120-day temporary deferrals for real estate appraisals, evaluations

April 15, 2020 0

Temporary deferrals on real estate-related appraisals and evaluations under federal banking agencies’ interagency appraisal regulations were issued late Tuesday for up to 120 days. The National Credit Union Administration (NCUA) Board is considering a similar […]

Alert urges credit unions to adopt, renew policies associated with cybersecurity risks to remote work

April 14, 2020 0

Drawing attention to the cybersecurity risks associated with the increasing incidence of remote work, conference calls, and video meetings during the coronavirus crisis, a “risk alert” was issued Tuesday by the federal credit union regulator […]

Enhancements approved for liquidity arm of credit union regulator in wake of CARES Act

April 14, 2020 0

Eliminating the six-month waiting period for new members to receive a loan is one of several “enhancements” for the lending arm of the federal credit union regulator that was approved by the agency’s board Monday. […]

FDIC, NCUA slate April 16 webinar on federal deposit, share insurance

April 13, 2020 0

A webinar aimed at increasing awareness among the general public of the benefits of federal deposit and share insurance – particularly during the coronavirus crisis – will be held jointly Thursday from 2 to 3 […]

Agency commits most of community development grant program – more than $1.3 million – to assist in pandemic response

April 13, 2020 0

Most of its congressional appropriation for community development – more than $1.37 million – will be committed to assisting credit unions in dealing with the coronavirus crisis, the federal credit union regulator said Monday. In […]

Four actions – including on appraisals, response to coronavirus crisis – on federal credit union regulator’s meeting agenda for April 16

April 9, 2020 0

Rules related to regulatory relief in response to the coronavirus crisis, as well as those implementing legislative changes related to the agency’s liquidity facility for credit unions, are on the agenda for the board of […]

Letter outlines eight provisions affecting credit unions in CARES Act

April 8, 2020 0

Eight key portions of legislation enacted in late March to bolster the economy (including workers and businesses) that affect credit unions and their operations are outlined in a Tuesday letter to the institutions from their […]

Regulators seek to clarify: Loan modifications offered in response to COVID-19 impact are ‘positive, proactive’

April 7, 2020 0

Hoping to match up past statements with newly enacted laws, federal financial institution regulators Tuesday issued a joint statement noting that loan modification programs (including troubled debt restructurings [TDRs]) offered to financial institution customers affected […]

NCUA letter detailing SBA Paycheck Protection Program (PPP) notes 100% loan guarantee, no impact on biz loan cap

April 7, 2020 0

Loans credit unions make through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), created to help small businesses weather the coronavirus pandemic, are 100% guaranteed and will not count against a credit union’s member […]

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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 [...]