Comments due: NCUA (delay of RBC rule)
The NCUA Board is seeking comment on a proposed rule that would delay the effective date of the NCUA’s October 29, 2015 final rule regarding risk-based capital (2015 Final Rule), and the NCUA’s November 6, […]
NCUA
CFPB
Oversight of FI cybersecurity, threat info sharing remain top challenges for regulators, IGs council reports
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Other
Financial institution regulators complied with laws requiring reports on money penalties, GAO finds
Four of the five federal financial institution regulators are named as in compliance with requirements that they report on inflation adjustments to civil money penalties (CMP), according to a Government Accountability Office (GAO) report issued […]
NCUA
Real estate appraisals
Title: Real Estate Appraisals Subject: Appraisals Agency: NCUA Status: Final rule Summary: The NCUA Board is amending the agency’s rule requiring real estate appraisals for certain transactions. The final rule accomplishes four objectives: increasing the […]
NCUA
Fidelity bonds for credit unions
Title: Fidelity bonds for credit unions Subject: Fidelity bonds Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is finalizing a rule that amends its regulations regarding fidelity bonds for corporate credit unions and […]
NCUA
UPDATED: Real estate appraisal, fidelity bonds final rules for credit unions set for Oct. 22 effective date
New rules on fidelity bonds and real estate appraisals from the federal credit union regulator are set to take effect Oct. 22, according to Federal Register notices published Wednesday. The NCUA Board approved the two final rules […]
NCUA
‘Risk-focused’ approach to BSA/AML outlined in regulator/FinCEN joint statement
Common practices for assessing a credit union’s or bank’s money laundering/terrorist financing risk profile are outlined in a joint statement from federal financial institution regulators issued Monday, providing what the agencies said was a “risk-focused” […]
NCUA
Regulator outlines ways credit unions can keep ‘getting it right’ through expanded job opportunities, mix of financial products
Effective oversight also entails looking at what an industry is doing right and recognizing the contributions of the people within that industry who are getting it right, the chairman of the board for the federal credit union regulator […]
NCUA
Credit union regulator shuffles $5.3 million in budget; changes name, adds staff to advocacy/PR unit
A reprogramming of more than $5.3 million of the credit union regulator’s budget – paid for largely by lower-than-expected employee pay and benefits – was approved by the regulator’s board Thursday. Additionally, the board announced, […]
NCUA
Final rule on fidelity bonds, proposal on easing prohibitions adopted by credit union regulator
A final rule on fidelity bonds for credit unions and a proposed policy statement on treatment of prohibition actions for minor, past or youthful transgressions were approved by the credit union federal regulator Thursday. Meeting […]