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What's up
  • [ November 19, 2025 ] White House offers OMB staffer, with focus on environment, to become consumer bureau director CFPB
  • [ November 19, 2025 ] Regulator takes control of small PA credit union, citing unsafe, unsound practices NCUA
  • [ November 18, 2025 ] Fed’s Barr warns of ‘real dangers’ from weakened bank supervision The Fed
  • [ November 18, 2025 ] New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices The Fed
  • [ November 18, 2025 ] Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter OCC
Homelow-income

low-income

COVID-19 actions

UPDATED: NCUA info collection requests support PCA, low-income measures set amid COVID-19

August 14, 2020 0

Two information collections related to the federal credit union regulator’s implementation of some prompt corrective action (PCA) easing due to the COVID-19 pandemic and its change in methodology for determining whether a credit union qualifies […]

NCUA

NCUA will count active-duty military personnel in determining a credit union’s ‘low-income’ status

May 7, 2020 0

A change in methodology, announced Thursday, that captures the APO and FPO addresses of active-duty military personnel means those individuals’ incomes will now be included in the federal credit union regulator’s analysis of whether a […]

NCUA

NCUA, CFPB reps to speak in March 11 webinar on serving low-income, underserved areas

February 25, 2020 0

A webinar focusing on credit union service to low-income and underserved communities will be hosted March 11 by the National Credit Union Administration’s (NCUA) Office of Credit Union Resources and Expansion and will include representatives […]

The Fed

Fed conference focuses on research about challenges faced by low- moderate-income families, threats to economic security to middle class

May 2, 2019 0

The latest research on challenges faced by low- and moderate-income families when moving into the middle class, as well as threats to the economic security of middle-class households, will be featured at the Federal Reserve’s […]

NCUA

Regulator plans webinar on programs for low-income designated credit unions

April 2, 2019 0

Programs and initiatives for minority depository institutions, the credit union chartering process and the grant round for low-income credit unions are among the topics to be discussed in an April 24 webinar by the federal […]

NCUA

Agency funds 83% of grant requests received from low-income credit unions for $2 million

October 31, 2018 0

Grants totaling $2 million to 203 low-income credit unions to help them improve digital services and security, increase outreach to underserved communities and to train employees have been awarded, the federal regulator of credit unions […]

NCUA

Grants available to help low-income CUs restore operations after Hurricane Florence damage

September 24, 2018 0

Grants of up to $7,500 for low-income credit unions that sustained damage from the recent Hurricane Florence and need to restore operations are available, the federal credit union regulator said Monday. In a release, the […]

NCUA

Credit union regulator extending PCA, involuntary liquidation proof of claim form collections, more

July 25, 2018 0

The National Credit Union Administration (NCUA) is accepting comments until Sept. 24 on its proposed extensions of four information collections. All are proposed for extension without revision except one – the designation of low-income status. […]

Today

  • White House offers OMB staffer, with focus on environment, to become consumer bureau director

    November 19, 2025 0
    The next leader for the federal consumer financial protection agency would be a staff member of the White House budget office – who has focused on environmental issues — if the Senate confirms the nomination, which it received Tuesday. According [...]
  • Regulator takes control of small PA credit union, citing unsafe, unsound practices

    November 19, 2025 0
    A small Pennsylvania credit union was placed into conservatorship by its federal regulator late Tuesday, which cited “unsafe and unsound practices,” the agency said. Copper & Glass Federal Credit Union in Glassport, Pa. – which has 1,255 members and assets [...]
  • Fed’s Barr warns of ‘real dangers’ from weakened bank supervision

    November 18, 2025 0
    Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr said Tuesday. Speaking in Washington [...]
  • New ‘sharpened’ focus for Fed examiners released, signifying ‘a significant shift’ from past practices

    November 18, 2025 0
    Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in releasing its revamped supervisory operating [...]
  • Bank may pay ‘gas fees’ on blockchain networks, agency confirms in letter

    November 18, 2025 0
    So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of the Currency (OCC) said national [...]

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