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The NCUA's 2024 Annual Report highlights the agency's strong financial position, achievements in meeting strategic goals, and Chairman Hauptman's focus on enhancing credit union innovation, streamlining regulations, and ensuring competitiveness. [3/20/25]

The latest NCUA Quarterly U.S. Map Review shows that while federally insured credit unions saw growth in shares and deposits in 2024, with a slight increase in assets and a rise in delinquency rates, loan levels remained unchanged, and most credit unions reported positive net income. [3/20/25]

The NCUA will no longer publish individual credit union overdraft and non-sufficient fund fee income, instead collecting the data during examinations, to avoid unintended consequences and better support low-income and underserved communities. [3/6/25]

Nacha has named ACI Worldwide as its newest Preferred Partner for ACH Experience, Fraud Monitoring, and Risk Prevention, with ACI providing AI-powered account-to-account solutions to enhance the ACH Network and improve fraud management. [2/27/25]

The NCUA will begin using an external vendor to administer its voluntary post-examination survey for federal credit unions starting in March 2025 to gather feedback and improve examination processes. [2/13/25]

The NCUA's four funds received unmodified, or "clean", audit opinions for 2024, with the Share Insurance Fund holding assets of $22.3 billion to protect deposits for over 142 million members at 4,400 credit unions. [2/13/25]

As we move into 2025, AI continues to transform payments and financial services, while businesses also need to prepare for upcoming Nacha rule updates on fraud monitoring and ACH credit entry processes, which will take effect in 2026. [2/6/25]

President Trump has appointed Kyle S. Hauptman as the new Chairman of the NCUA Board, where his priorities will include re-evaluating the NCUA budgeting process, improving efficiency, promoting AI use, fostering financial inclusion, and reassessing regulations affecting small and low-income credit unions. [1/30/25]

Credit unions can join a webinar on February 6 to learn about the NCUA's 2025 Supervisory Priorities, including key focus areas such as credit risk, balance sheet management, cybersecurity, and consumer financial protection, with insights on exam updates and support for small and minority depository institutions. [1/30/25]

The federal and state agencies acknowledge the impact of the California wildfires and straight-line winds on financial institutions and commit to providing regulatory assistance, including support for loan modifications, temporary facilities, and compliance flexibility. [1/16/25]

The NCUA announces the availability of a new cyber incident reporting webform, provides guidance on how credit unions can report incidents, and encourages ongoing vigilance and cybersecurity improvements. [1/16/25]

The NCUA's 2023 Credit Union Diversity Self-Assessment Results Report highlights positive progress in diversity, equity, and inclusion efforts across the credit union system, while identifying areas for improvement, such as supplier diversity and transparency, and encourages credit unions to evaluate and benchmark their inclusion practices. [1/9/25]

The OCC has launched a new Digitalization page to support community banks in using technology to improve operations, increase revenue, and stay competitive, while providing relevant rules and guidance for their digitalization efforts. [3/20/25]

The 2024 Shared National Credit report indicates moderate credit risk in large syndicated loans, with weakened credit quality trends due to high interest rates and industry pressures, while highlighting concerns for 2025 based on borrowers' ability to manage costs and broader economic factors. [3/13/25]

The House Financial Services Committee voted 30-19 to pass a resolution overturning a Consumer Financial Protection Bureau rule regulating overdraft fees, with the ICBA arguing the rule exceeds the CFPB’s authority and disrupts essential short-term liquidity for consumers. [3/6/25]

Nacha has named ACI Worldwide as its newest Preferred Partner for ACH Experience, Fraud Monitoring, and Risk Prevention, with ACI providing AI-powered account-to-account solutions to enhance the ACH Network and improve fraud management. [2/27/25]

The Federal Financial Institutions Examination Council is updating the Interest Rate Risk Analysis page of the Uniform Bank Performance Report on or after February 22, 2025, as part of a multiyear review. [2/20/25]

The OCC, under Acting Comptroller Rodney E. Hood, withdrew from the Network of Central Banks and Supervisors for Greening the Financial System, citing that it does not align with the agency's core regulatory mandate. [2/13/25]

The FDIC released 175 documents related to its supervision of banks involved in crypto activities, acknowledging past resistance to such ventures and outlining efforts to reevaluate its approach moving forward. [2/13/25]

As we move into 2025, AI continues to transform payments and financial services, while businesses also need to prepare for upcoming Nacha rule updates on fraud monitoring and ACH credit entry processes, which will take effect in 2026. [2/6/25]

The OCC announces enforcement actions against three former Wells Fargo executives, imposing prohibitions and civil money penalties for their roles in the bank's widespread sales practices misconduct. [1/16/25]

The federal and state agencies acknowledge the impact of the California wildfires and straight-line winds on financial institutions and commit to providing regulatory assistance, including support for loan modifications, temporary facilities, and compliance flexibility. [1/16/25]

The OCC issued a comprehensive cease-and-desist order against USAA Federal Savings Bank for deficiencies in management, earnings, IT, consumer compliance, and fraud risk management, requiring corrective actions and imposing limitations on new products and services. [12/19/24]

The FFIEC released 2023 data on small business, small farm, and community development lending, as required by the Community Reinvestment Act, along with aggregate disclosure statements for all U.S. metropolitan and non-metropolitan areas. [12/19/24]

OFAC published a Final Rule extending recordkeeping requirements from five to ten years, aligning with the extended statute of limitations for certain sanctions violations, and updated its SDN List. [3/20/25]

In 2024, fraud reports remained steady, but the financial losses surged to $12.5 billion, with a significant increase in online scams, investment fraud, and social media-related scams, while younger people lost money more often and older adults faced higher individual losses. [3/13/25]

FinCEN issued a Geographic Targeting Order (GTO) requiring money services businesses in 30 ZIP codes near the U.S.-Mexico border to report cash transactions above $200 to combat money laundering and illicit activities by Mexico-based cartels and criminal organizations. [3/13/25]

OFAC has launched a new File Finder application on its website, allowing users to search and navigate all static content, including documents like executive orders, advisories, and general licensees, by title, type, and content. [2/27/25]

FinCEN is urging financial institutions to remain vigilant for suspicious activity related to relationship investment scams, as part of the #DatingOrDefrauding Campaign, which highlights growing losses from romance scams and provides resources to help identify and report such fraudulent activity. [2/27/25]

FinCEN informed U.S. financial institutions of the Financial Action Task Force (FATF) updates, which added Laos and Nepal to its list of jurisdictions with strategic anti-money laundering deficiencies, removed the Philippines, and maintained sanctions on Iran, North Korea, and Burma, urging enhanced due diligence and compliance with international financial regulations. [2/27/25]

The OCC released economic and financial market scenarios for stress tests, including baseline and severely adverse scenarios, to help assess covered institutions' risk profiles and capital adequacy. [2/13/25]

FinCEN imposed a $37 million penalty on Brink's Global Services USA for willfully violating the Bank Secrecy Act by failing to implement anti-money laundering controls, enabling illicit activities, including narcotics trafficking. [2/13/25]

Scammers are impersonating FTC Chairman Andrew Ferguson and other government officials to trick people into transferring money or providing personal information by claiming there's a problem with their accounts, often involving fake agency names or false claims of account security. [2/6/25]

The CFPB's annual list of consumer reporting companies highlights those that collect and sell personal financial data, offering consumers information on how to access, dispute, and freeze their data to protect against fraud and inaccuracies. [2/6/25]

The CFPB fined Wise $2.5 million for misleading U.S. customers with inaccurate fees, failing to disclose proper exchange rates and costs, and not refunding fees when remittances were delayed, causing harm to consumers. [2/6/25]

The CFPB report reveals that U.S. servicemembers face higher auto loan costs, larger loans, smaller down payments, and longer repayment terms compared to civilians, with higher interest rates and additional expenses from add-on products like GAP insurance. [1/30/25]