Two former employees of credit unions were ordered prohibited by the financial institutions’ federal regulator this month, following sentencing for crimes committed, the agency said Thursday. The orders from the National Credit Union Administration (NCUA) […]
Seven former credit union employees were barred from any future work in federally insured financial institutions under prohibition notices and orders disclosed last month by the National Credit Union Administration (NCUA). NCUA reported five prohibition […]
Federal financial institution regulators were busy organizations last week, as they worked to clear their outboxes for the end of the summer in preparation for the oncoming fall season of meetings, congressional testimony, regulatory actions […]
Two former credit union employees were prohibited, and five others faced notices of prohibition, from the National Credit Union Administration (NCUA) in actions by the agency in July. In a release Wednesday, NCUA said that […]
Title: Exceptions to Employment Restrictions under Section 205(d) of the Federal Credit Union Act (“Second Chance IRPS”) Subject: Prohibitions Agency: NCUA Status: Final IRPS Summary: The NCUA Board (Board) is issuing for public comment a […]
A proposal that updates the federal credit union regulator’s interpretive ruling and policy statement (IRPS) regarding statutory prohibitions of individuals from financial institution service – called the agency’s “second chance” IRPS – will be out […]
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 […]
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 […]
A former general counsel of a California bank faces a $50,000 civil money penalty (CMP) and a prohibition from working in the banking industry, according to filings made by the regulator of national banks. The […]
Two individuals formerly associated with credit unions are prohibited from participating in the affairs of any federally insured financial institution under orders announced Friday by the federal credit union regulatory agency. The National Credit Union […]
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