NCUA
CFPB
Week ahead: Quarles before Congress, Brainard on reg reform, regulator boards meet – and more
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
NCUA
Credit union regulator to consider final rules on capital planning/stress tests, advertising
Two final rules – on capital planning and stress testing; and on advertising and notice of insured status – will be on the agenda for the National Credit Union Administration (NCUA) Board when it meets […]
NCUA
Online session for credit unions focuses on anti-money laundering compliance requirements
Compliance requirements for credit unions in combatting money laundering – particularly through customer due diligence – is offered in an online session later this month by the federal regulator for the financial cooperatives. The National […]
CFPB
Guidance provided on ‘cyber insurance,’ but exam council calls ‘effective controls’ still the best defense
Guidance for financial institutions considering special insurance to offset financial losses from data breaches and other cyber incidents is offered in a joint statement released Tuesday by federal financial institution regulators. However, the regulators noted […]
CFPB
Week ahead: CFPB leader to argue for significant changes in agency, while court appeal over who is rightful acting director opens
The federal consumer financial protection agency figures prominently in the week ahead, as the acting director is scheduled to testify twice and discuss his significant proposed changes for the bureau – and the claimant to […]
NCUA
Credit union regulator corrects clerical error in equity distribution rule
The federal regulator of credit unions is publishing a correction to its February final rule on equity distributions from the fund that insures credit union member shares (deposits), revising a reference in the text that […]
NCUA
Credit union regulator updating consumer complaint records system to support pre-exam planning
The federal regulator of credit unions plans by month-end to update its consumer complaint records system to reflect a change in the way examination personnel access and retrieve records when conducting required pre-exam planning reviews […]
NCUA
In March, NCUA prohibits three for false entries, theft, fraud
Three former credit union employees were prohibited in March from ever again working at a federally insured financial institution, the federal regulator of credit unions said Friday, for charges that ranged from making false entries […]