In the News
BRIEFLY: Law professor picked to lead OCC; NCUA did not act aggressively enough on taxi CUs, GAO asserts; Cannabis-protection bill advances in House
(Sept. 24, 2021) Saule T. Omarova, a Cornell University law professor, is President Joe Biden’s (D) pick as nominee to a five-year term for Comptroller of the Currency, the White...
NCUA Board to consider proposal on subordinated debt, again
(Sept. 17, 2021) A proposed rule on subordinated debt will be on the agenda of the NCUA Board when it meets next week, according to an agenda published Thursday by...
Pilot seeks FCU input on pre-, post-exam requirements
(Sept. 17, 2021) Input from federal credit unions (FCUs) on NCUA’s pre-examination, reporting, and post-examination requirements will be collected through a survey pilot set to launch early next week and...
Agency makes $100k available for MDI mentoring grants
(Sept. 17, 2021) $100,000 is being made available for minority depository institution (MDI) mentoring grants to eligible credit unions, NCUA announced this week. The regulator said federally insured credit unions...
Bureau notes ‘regulatory flexibility’ in wake of disasters, emergencies
(Sept. 17, 2021) Existing laws and regulations provide credit unions, banks and other supervised entities regulatory flexibility to take certain actions that can benefit consumers in communities under stress from...
Online child sex abuse spurs new SAR instructions
(Sept. 17, 2021) Online child sexual exploitation (OCSE) crimes are on the rise, and the Treasury’s top enforcement unit is highlighting some financial trends related to the crimes, as well...
FFIEC gives a FIG for HMDA data filing
(Sept. 17, 2021) An updated “filing instructions guide” (FIG), as well as an updated supplemental guide for quarterly filers, for reporting Home Mortgage Disclosure Act (HMDA) data for 2022 has...
Key investors named for ‘mission-driven bank fund’
(Sept. 17, 2021) A new fund designed to help banks serve low-income and minority communities will count Microsoft and Truist Financial Corp. – the sixth largest U.S. bank – as...
Full slate of NASCUS events round out year
(Sept. 17, 2021) Get out your datebooks, update your calendars, jot down some sticky notes to festoon your computer screens: NASCUS has a chock-full schedule of events planned for the...
BRIEFLY: Regulators collaborate on ‘crypto policy sprint;’ NCUA DEI Summit registration opens; Job openings in OR
(Sept. 17, 2021) Federal banking agencies have been collaborating via a “crypto policy sprint” to agree on definitions, use cases, risks, and gaps, and to discuss policy options related to...
States pass $1 trillion asset mark; keep hold of more than 50% of all
State credit unions now hold more than $1 trillion in assets, representing more than half of all assets held across the credit union system, the latest figures from NCUA show....
Summary looks at RFI on digital assets
(Sept. 10, 2021) NCUA’s request for information (RFI) on digital assets and related technologies is the latest summary posted on the association’s website; comments are due Sept. 27. Like all...