Cyber risk is the most significant threat to the banking industry, the leader of the Federal Reserve Board told a Senate committee Tuesday. In testimony over the impact of Federal Reserve and Treasury actions to […]
Changes in technology, analytical capabilities, and customer and workforce preferences are spurring an initiative at the Federal Reserve to investigate the implications of those changes for the agency’s supervision function, a governor of the Fed […]
Title: Subordinated Debt Subject: Subordinated debt; secondary capital Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the Subordinated Debt rule, which the Board finalized in December 2020 with an effective date […]
More time – 30 days – is allowed for comments on the federal credit union regulator’s request for information about the impact of activities connected to digital assets and related technologies, according to a notice published […]
Three individuals have been charged for their participation in a conspiracy to fraudulently obtain more than $3 million in loans from a financial institution’s New York branch under the Paycheck Protection Program (PPP) and Economic […]
A hearing on the reappointment of the chairman of the board for the federal credit union regulator is set for Thursday, the Senate Banking Committee said Monday. According to the committee’s website, the hearing for […]
“Critical information” for compliance with expiring pandemic-era protection programs for homeowners is addressed in a Letter to Credit Unions from their federal regulator Monday. The National Credit Union Administration (NCUA) letter, sent to all federally […]
Seven new positions will be added to the employee roster of the federal credit union regulator following a “midsession” budget review by the agency board Thursday. The money to pay for the positions was realized […]
While credit unions’ assets grew and failures declined over the past 10 years, the inspector general at the National Credit Union Administration (NCUA) “commonly cited” weaknesses or failures in NCUA oversight as one of the […]
Regulatory requirements and processes that the federal regulators use to review a voluntary liquidation of a mutual federal savings association (mutual FSA) have been updated, the Office of the Comptroller of the Currency (OCC) said […]
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