recoveries – Regulatory Report

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[ September 26, 2023 ] FDIC info security program operating ‘managed, measurable,’ but several risks continue to confront agency, audit finds FDIC
[ September 26, 2023 ] OCC November workshop in SD focused on management OCC
[ September 25, 2023 ] Credit union regulator updates simplified CECL tool for Q3 reporting NCUA
[ September 25, 2023 ] Otsuka, nominated to NCUA Board, awaits hearing date NCUA
[ September 25, 2023 ] FSOC continues to consider comments on framework for financial stability risk, nonbank determinations Other

Report: NCUA renegotiating lawyer fees for corporate recoveries

August 2, 2017 0

NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]

FDIC info security program operating ‘managed, measurable,’ but several risks continue to confront agency, audit finds

September 26, 2023 0

While its information security program is operating at a “managed and measurable” level, the federal bank deposit insurance agency still needs to address some issues in the system, according to an audit report issued Tuesday by the agency’s office of [...]
OCC November workshop in SD focused on management

September 26, 2023 0

A workshop titled “The Building Blocks: Developing Strong Management” and geared to bank directors, senior management and other “key” executives is slated Nov. 7-8 in Sioux Falls, S.D., the Office of the Comptroller of the Currency (OCC) said Tuesday. The [...]
Credit union regulator updates simplified CECL tool for Q3 reporting

September 25, 2023 0

An updated version of a tool aimed at helping credit unions comply with current-expected-credit-loss (CECL) accounting requirements was released Monday by the National Credit Union Administration (NCUA), intended to be in time for completing call reports for the quarter ending [...]
Otsuka, nominated to NCUA Board, awaits hearing date

September 25, 2023 0

No date appears to have been set yet for a Senate Banking Committee hearing on the president’s nomination Sept. 21 of Tanya Otsuka to succeed Rodney Hood as a member of the National Credit Union Administration (NCUA) Board. Otsuka, who [...]
FSOC continues to consider comments on framework for financial stability risk, nonbank determinations

September 25, 2023 0

Public comments received on a proposed analytic framework for financial stability risk identification, assessment, and response – and on proposed guidance regarding nonbank financial company determinations — was a focus of the meeting late last week by the members of [...]
Damage from 2017 Hurricane Maria spurs agencies to extend period for banks to receive CRA consideration

September 25, 2023 0

Banks have a 36-month extension for recognizing activities that help to revitalize or stabilize Puerto Rico and the U.S. Virgin Islands via anti-redlining rules because of damages caused by Hurricane Maria in 2017, the federal banking agencies said late Friday. [...]