Links in “Agencies”
- Agri-Banks Struggle to Harvest Shrinking Customer Base
The Federal Deposit Insurance Corporation (FDIC) today published an article in its FDIC Quarterly on the trends in rural depopulation and the implication of these trends on rural community banks. [5/20]
- May’s NCUA Report Hits the Stands
The NCUA Report is NCUAâs flagship publication that highlights important NCUA Board actions and key issues that credit union volunteers and management need to know. It is a one-stop resource to learn not just the âwhatâ but also the âwhyâ behind NCUAâs actions. [5/20]
- Eligibility for HUD Programs Affected by New Income Exclusions
HUD last published in the Federal Register a notice of Federally mandated exclusions from income on December 14, 2012, at 77 FR 74496. Today's notice replaces the previously published version by adding a new exclusion, including an inadvertent omission, and correcting two previously listed exclusions. [5/20]
- Flood of Records Consolidated by DHS and FEMA
The Department of Homeland Security/Federal Emergency Management Agency has consolidated categories of individuals, categories of records, authority for maintenance, routine uses, retrievability, retention and disposal, and record sources to accurately reflect the entirety of the National Flood Insurance Program, and to reflect the Biggert-Waters Act. [5/20]
- Financial Institutions Shoot Down Gun Businesses
Gun retailers are cited as âhigh-riskâ by the FDIC, limiting their banking options and restricting business. Financial institutions are responding by choking off lines of credit, freezing assets and prohibiting online sales. [5/19]
- OCC Announces Enforcement Actions
Actions show an improving trend with only one C&D, three formal agreements and seven terminations for existing enforcement actions. [5/19]
- FEMA vs. “FESA”
"Federal Emergency Scam Artists" are posing as inspectors, government officials or contractors in order to obtain personal information or collect payment for disaster assistance or repairs. FEMA issues guidelines to help consumers differentiate between the two. [5/19]
- Health One Credit Union Not So Healthy
Health One Credit Union, a Michigan-chartered institution, was placed into conservatorship after being cited for unsafe and unsound practices while the NCUA and the Michigan Department of Insurance and Financial Services work to resolve these issues. [5/19]
- OCC Talks Cyber Security
Comptroller of the Currency, Thomas J. Curry, highlights what regulators are doing to meet the challenge of cyberattacks as well as the need for banks to implement robust programs to mitigate cybersecurity risk. [5/19]
- 324 House Members Sign Letter to NCUA about RBC
A NAFCU-sponsored letter with the signatures of 324 members of Congress has been sent to NCUA Chair Debbie Matz. The letter, which calls for more clarity about why the proposed risk ratings for credit unions is different from those set for other types of financial institutions, urges NCUA to consider the cost burden of the proposed rule and how that burden might affect mortgage and business lending. The letter also calls on the Agency to extend the comment period beyond 90 days. [5/16]
