LIBOR Act – Regulatory Report

What's up

[ January 23, 2026 ] ‘Repurposing’ of ‘unspent, past years’ budgets’ leads to lower credit union fees to fund agency NCUA
[ January 22, 2026 ] NCUA proposes allowing FCUs to reimburse volunteer officials for dependent care costs NCUA
[ January 22, 2026 ] Credit union regulator notes 12% decrease in liquidity facility budget for 2026 NCUA
[ January 22, 2026 ] Ford, GM Utah-chartered industrial banks receive conditional deposit insurance coverage FDIC
[ January 22, 2026 ] FDIC Board gives final OK to new supervisory appeals office, including banker on review panels; greenlights digital sign rule FDIC

UPDATED: Fed’s final rule on LIBOR replacement benchmarks published, takes effect Feb. 27

January 25, 2023 0

A final rule from December identifying benchmark rates based on the Secured Overnight Financing Rate (SOFR) that will replace LIBOR (formerly known as the London Interbank Offered Rate) in certain financial contracts after June 30, […]

‘Repurposing’ of ‘unspent, past years’ budgets’ leads to lower credit union fees to fund agency

January 23, 2026 0

Fees paid by credit unions in 2026 to fund their federal regulator will fall by an average of 24.6%, the agency said Friday, which it said resulted from reductions in staffing, rearrangement of expenses and crediting “unspent collections” of the [...]
NCUA proposes allowing FCUs to reimburse volunteer officials for dependent care costs

January 22, 2026 0

A proposal that would permit reimbursement or direct payment to federal credit union volunteer officials for dependent care was discussed Thursday during an open meeting of the National Credit Union Administration Board, which currently includes only Chairman Kyle Hauptman. The [...]
Credit union regulator notes 12% decrease in liquidity facility budget for 2026

January 22, 2026 0

The federal liquidity facility for credit unions will have a budget of about $2.032 million in 2026 and $2.093 million in 2027, according to information released Thursday for the federal credit union regulator’s open board meeting. The 2026 budget for [...]
Ford, GM Utah-chartered industrial banks receive conditional deposit insurance coverage

January 22, 2026 0

Two banks for auto manufacturers Ford and General Motors were both granted deposit insurance, on a conditional basis, by the federal bank deposit insurance agency Thursday; the banks have one year to be established, the agency said. The banks — [...]
FDIC Board gives final OK to new supervisory appeals office, including banker on review panels; greenlights digital sign rule

January 22, 2026 0

A new supervisory appeals office – which will include a banker on its review panels — will be the final level of review of “material supervisory determinations,” independent of divisions that make supervisory determinations, the board of the federal deposit [...]