A self-initiated audit of the agency’s compliance with its examiner-in-charge rotation policy and procedures found rotation occurred but identified several instances where it did not comply, according to a report by the agency’s inspector general […]
The agency’s four funds earned unmodified, or “clean,” audit opinions for 2024, the National Credit Union Administration said Thursday. The funds – National Credit Union Share Insurance Fund, Operating Fund, the Central Liquidity Facility, and […]
The evaluation report on the sexual harassment scandal at the federal insurer of bank deposits was termed “among the most important” issued by the agency’s inspector general, it said Monday. In its semiannual report to […]
Automation, better communication on process and a process for handling inquiries are recommended for the federal credit union regulator’s chartering process in an inspector general audit report released recently on the agency’s website. The National […]
An independent audit of the Federal Deposit Insurance Corp.’s (FDIC) information security program showed the program to be effective but warranting improvements, the agency’s Office of Inspector General (OIG) said in a report released Thursday. […]
An inadequate information technology inventory, inconsistency in risk reviews and more are flagged in a recent, independent audit of the National Credit Union Administration’s (NCUA) information security program and practices. The agency’s Office of Inspector […]
A 2021 study shows the federal credit union regulatory agency budgeted much fewer examination hours for supervised credit unions than the federal bank deposit insurer did for supervised banks in the periods covered, according to […]
A self-initiated review of the federal credit union regulator’s Bank Secrecy Act (BSA) program produced four recommendations by the agency’s inspector general for improving parts of its examination tool, its process of reporting to Treasury’s […]
More than $712 million in fines, restitution ordered, and other monetary recoveries were realized by the federal insurer of bank deposits between last fall and this spring, according to a report sent to Congress Tuesday. […]
The special committee established last year to conduct an independent review of allegations of sexual harassment and other misconduct at the Federal Deposit Insurance Corp. (FDIC) was terminated Thursday, the agency announced in a release. […]
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