emergency mergers – Regulatory Report

What's up

[ July 23, 2021 ] CRA consideration among possible relief available to MI banks affected by storms, flooding, tornadoes FDIC
[ July 23, 2021 ] Fed publishes 0.15% reserves interest rate The Fed
[ July 22, 2021 ] NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024 NCUA
[ July 22, 2021 ] RFI seeks credit unions’ input on digital assets, related technologies NCUA
[ July 22, 2021 ] Little IL bank, holding company ordered to hire competent bookkeepers The Fed

Agency changes timelines on emergency mergers, reorganizes some offices in headquarters

December 14, 2017 0

Final rules that would change the time range for considering credit union insolvency through emergency mergers, and some reorganization of the federal agency for credit unions, were both approved unanimously Thursday by the National Credit […]

‘Emergency merger’ proposal draws three comments

October 2, 2017 0

Three comments – all from credit unions – were filed on a proposal to redefine the phrase of “in danger of insolvency ” for purposes of an emergency merger, issued by the National Credit Union […]

NCUA-proposed complex credit union leverage ratio framework would require 10% minimum net worth by 2024

July 22, 2021 0

A proposal to make a simplified measure of capital adequacy available to federally insured credit unions defined as “complex” – meaning those with more than $500 million in assets – was released for comment Thursday by unanimous vote of the [...]
RFI seeks credit unions’ input on digital assets, related technologies

July 22, 2021 0

Input on potential and current impacts of the use of digital assets and related technologies – or, said another way, the impacts of distributed ledger technology (DLT, such as blockchain) and decentralized finance (DeFi) – is sought through a request [...]
Little IL bank, holding company ordered to hire competent bookkeepers

July 22, 2021 0

Bookkeeping staffing and other operational deficiencies at an Illinois bank holding company have led the Federal Reserve to issue an enforcement order against it, which includes no payment of dividends to stockholders without supervisors’ prior approval. In the consent order, [...]