User Login

What's up

[ May 28, 2020 ] Temporary PCA rule changes in effect now for credit unions; comments due June 29 NCUA
[ May 28, 2020 ] Agency continues offsite exam program, but signals that exam reports will once more be issued COVID-19 actions
[ May 28, 2020 ] OCC revises exam guide booklet on sampling methodologies OCC
[ May 28, 2020 ] FDIC should get failed bank’s tax refund, appeals court rules in case remanded by U.S. Supreme Court FDIC
[ May 28, 2020 ] Letter outlines new methodology for counting military as ‘low-income’ credit union members NCUA

Temporary PCA rule changes in effect now for credit unions; comments due June 29

May 28, 2020 0

An interim final rule that relieves credit unions of the earnings transfer requirement when they drop from “well capitalized” to “adequately capitalized” status and eases net worth restoration plan documentation for “undercapitalized” credit unions takes effect Thursday and remains in [...]
Agency continues offsite exam program, but signals that exam reports will once more be issued

May 28, 2020 0

The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit unions (LTCU 20-CU-17) issued this [...]
OCC revises exam guide booklet on sampling methodologies

May 28, 2020 0

A revised “Sampling Methodologies” exam guide booklet has replaced versions previously used in examinations of national banks, federal savings associations, and federal branches and agencies of foreign banking organizations, the Office of the Comptroller of the Currency (OCC) said in [...]
FDIC should get failed bank’s tax refund, appeals court rules in case remanded by U.S. Supreme Court

May 28, 2020 0

A decision Tuesday in a case remanded by the U.S. Supreme Court upheld the Federal Deposit Insurance Corp. (FDIC) as the rightful owner of a failed bank’s $4.1 million tax refund, the FDIC said in a release late Wednesday. The [...]
Letter outlines new methodology for counting military as ‘low-income’ credit union members

May 28, 2020 0

Designating military personnel as “low-income” credit union members, announced May 7, requires some changes in how the federal credit union regulator counts those members – but that won’t require federally insured credit unions (FICUs) to do anything, as their federal [...]
3 former employees of AL, TN banks barred under Fed consent orders; one must pay more than $100k in restitution

May 28, 2020 0

Prohibitions from future service in federally insured financial institutions and, in one case, an order of restitution for $111,196, are doled out in consent orders with former employees of banks in Alabama and Tennessee issued May 26 by the Federal [...]