Examiners substantially achieved the intended outcomes of a program designed to identify and assess risk before both affect a financial institution’s financial condition and to ensure early risk mitigation, according to a report issued Thursday […]
A proposed rule issued Aug. 2 on credit union loan maturities and limits on loans to one borrower is slated for publication Friday in the Federal Register. The proposal was issued with a 60-day comment […]
Alternative capital for credit unions, addressed in a 2017 advance notice of proposed rulemaking (ANPR), is still on the agency’s regulatory radar, National Credit Union Administration (NCUA) Board Chairman J. Mark McWatters said Thursday in […]
A set of final suspension and debarment procedures for contractors doing business with the National Credit Union Administration (NCUA) are set to take effect Sept. 10. Published in the Federal Register Thursday, the procedures were […]
Exceptive relief for financial institutions regarding accounts that automatically rollover or renew, such as certificates of deposit or loan accounts, from obligations of the Financial Crimes Enforcement Network (FinCEN) beneficial ownership rule has been extended […]
Counterfeit official bank checks using the routing number of Gate City Bank of Fargo, N.D. – 092005411 – are being presented for payment nationwide in connection with a variety of up-front fee scams involving fictitious […]
Office of the Comptroller of the Currency (OCC) officials will be available in New York Sept. 25-27 to discuss financial technology (fintech), partnering ideas and more during the agency’s next “Innovation Office Hours.” Innovation Office […]
Fostering interaction between “innovative firms” and regulators internationally in order to “create a new framework for cooperation between financial services regulators on innovation-related topics” is the aim of an effort announced Tuesday by the federal […]
A one-year delay of a risk-based capital rule that would be revised to apply to roughly 10% of all federally insured credit unions is out for comment until Sept. 7, according to a notice in […]
Restitution of at least $3.5 million, and a $1 million penalty, is being sought from a former chief executive and board member of a New York-based credit union by the federal credit union regulator, the […]
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