NCUA prohibition order

08/31/11: NCUA publishes prohibition order.
Announced 08/30. PDF

Department of Housing and Urban Development proposed rule, suspension of FHA insurance in military-impacted areas

08/31/11: Federal Housing Administration (FHA): Suspension of Section 238(c) Single-Family Mortgage Insurance in Military Impacted Areas. Proposed rule. Department of Housing and Urban Development.
Comments are due 10/31/11. PDF Text

NCUA Board approves 25bp stabilization assessment

08/30/11: NCUA Board meets, sets 25-basis-point stabilization assessment. Open meeting was 08/29/11. The assessment is due to be paid 09/27 and expensed 09/30. The board also released a proposed set of technical corrections to the corporate credit union rule and approved creation of the NGN Securities Management and Oversight Committee to monitor, manage and report on transactions involving NCUA Guaranteed Notes.

• Summary PDF
• Proposed Rule – Part 704 of NCUA’s Rules and Regulations, Corporate Credit Unions. Item 1A; Item 1b
• NCUA Guaranteed Notes Maintenance. Item 2
• Temporary Corporate Credit Union Stabilization Assessment. Item 3

FDIC to terminate receivership of First Integrity Bank

08/30/11: Notice to All Interested Parties of the Termination of the Receivership of 10006 - First Integrity Bank, Staples, Minn. FDIC.
Termination to be effective within 30 days. PDF Text

Federal Trade Commission final rule, telemarketing sales rule fees

08/29/11: Telemarketing Sales Rule Fees. Final rule. Federal Trade Commission.
Effective 10/01/11. PDF Text

Securities and Exchange Commission open meeting agenda

08/29/11: Sunshine Act Meeting. Notice. Securities and Exchange Commission.
Open meeting is 10 a.m. 08/31/11. PDF Text

NCUA prepares for Hurricane Irene

08/27/11: NCUA prepares for Hurricane Irene. The agency contacted credit unions potentially affected by the hurricane regarding preparation and recovery. NCUA's Aug. 29 board meeting will be moved to Aug. 30 if the government is closed due to effects of the hurricane.
Release dated 08/26/11. PDF

NCUA consumer site in both English and Spanish

08/27/11: NCUA consumer site translated into Spanish. The agency's English-language consumer site is at http://MyCreditUnion.gov. The Spanish-language site is at http://espanol.MyCreditUnion.Gov.

• English-language announcement PDF
• Spanish-language announcement PDF

FDIC terminating receivership of City Savings FSB

08/26/11: Notice to All Interested Parties of the Termination of the Receivership of City Savings FSB, Somerset, N.J. FDIC.
Receivership to be terminated within 30 days. PDF Text

FDIC update of failed institutions list

08/26/11: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists three banks closed 08/18 and 08/19. PDF Text

Federal Housing Finance Agency rules of practice and procedure

08/26/11: Rules of Practice and Procedure. Final rule. Federal Housing Finance Agency, Federal Housing Finance Board, Office of Federal Housing Enterprise Oversight.
Effective 09/26/11. PDF Text

NCUA open meeting agenda (Federal Register notice)

08/24/11: Sunshine Act. Notice of agency meeting. NCUA.
Open meeting is 1 p.m. 08/29/11; closed meeting follows. PDF Text

NCUA open board meeting 08/29

08/23/11: NCUA Board open meeting agenda. Agenda includes proposed rule on corporate credit unions, NCUA Guaranteed Notes maintenance and an assessment for the Temporary Corporate Credit Union Stabilization Fund.
Open meeting is at 1 p.m. 08/29/11. Link

FDIC determination regarding Sun American Bank

08/23/11: Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership. FDIC.
Determination made 08/18/11. PDF Text

NCUA issues prohibition order

08/22/11: Prohibition order. NCUA.
Order announced 08/19/11. PDF

OFAC blocked persons designation

08/22/11: Designation of Additional Entities Pursuant to Executive Order 13405. Notice. Office of Foreign Assets Control.
Effective 08/11/11. PDF Text

FDIC to terminate receivership of Hume Bank

08/22/11: Notice to All Interested Parties of the Termination of the Receivership of 10004, Hume Bank; Hume, Mo. FDIC.
Receivership to terminate within 30 days. PDF Text

FDIC to terminate receivership of Superior Bank

08/22/11: Notice to All Interested Parties of the Termination of the Receivership of 6004, Superior Bank, FSB, Hinsdale, Ill. FDIC.
Receivership to terminate within 30 days. PDF Text

Treasury receives $2 billion repayment from AIG

08/19/11: Treasury receives $2 billion TARP repayment from American International Group. Announcement.
Dated 08/18/11. Link

Federal Housing Finance Agency Privacy Act implementation

08/19/11: Privacy Act Implementation. Interim final regulation with request for comments. Federal Housing Finance Agency.
Effective 08/19/11; comments are due 10/18/11. PDF Text

NCUA legal opinion, CUSO leasing activity

08/18/11: Credit union service organization leasing activity. NCUA Legal Opinion.
Letter is dated 08/03/11. PDF

NCUA legal opinion, member business lending

08/18/11: Musical instrument loans as member business loans. NCUA Legal Opinion.
Letter is dated 08/01/11. PDF

FDIC update of failed institutions list

08/18/11: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists one bank closed 08/12/11. PDF Text

NCUA issues prohibition order

08/17/11: Prohibition order. NCUA.
Order announced 08/16. PDF

OFAC blocked persons, additional information

08/17/11: Additional Identifying Information Associated With Persons Whose Property and Interests in Property Are Blocked Pursuant to Executive Order 13581of July 24, 2011, "Blocking Property of Transnational Criminal Organizations." FDIC.
PDF Text

OFAC blocked persons designation

08/16/11: Designation of Two Entities Pursuant to Executive Order 13382. Notice. Office of Foreign Assets Control.
Effective 08/10/11. PDF Text

FDIC notices, insufficient assets to satisfy claims against banks in receivership

08/16/11: Determination of Insufficient Assets To Satisfy Claims Against Financial Institution in Receivership. Notices. FDIC.
Determinations made 08/02/11.

• R-G Premier Bank of Puerto Rico, Hato Rey, PR PDF Text
• Eurobank, San Juan, PR PDF Text
• Westernbank Puerto Rico, Mayaquez, PR PDF Text

NCUA letter on disclosing CAMEL ratings to FISCUs

08/15/11: Sharing CAMEL ratings with federally insured, state-chartered CUs. NCUA Letter 11-CU-12.

• Letter PDF
• Enclosure 1 Excel
• Enclosure 2 PDF

NCUA letter on security breach

08/15/11: Security Breach Involving RSA SecurID Tokens. NCUA Risk Alert 11-Risk-01.

• Letter PDF
• National Security Agency Advisory AR-002-2011 PDF
• National Security Agency Advisory AR-003-2011 PDF

FDIC update of failed institutions list

08/15/11: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
Lists two banks closed 08/05. PDF Text

NCUA issues letter to CUs on U.S. debt downgrade

08/11/11: NCUA guidance on U.S. debt downgrade. NCUA Letter 11-CU-11. Letter gives more information on effects of the downgrade, notes NCUA Guaranteed Notes also downgraded to AA+ by Standard & Poor's, short-term debt still at top rating of A-1+.
Letter was released 08/10/11. PDF

NCUA files fourth lawsuit over MBS sold to corporates

08/10/11: NCUA sues Goldman Sachs over MBS losses to U.S. Central, WesCorp. Announcement.
Dated 08/09/11. PDF

NCUA letter regarding garnishment of accounts containing federal benefits

08/10/11: Garnishment of Accounts Containing Federal Benefit Payments. NCUA Regulatory Alert 11-RA-04.
Dated 07/11. PDF

FTC granting of request to terminate premerger waiting period

08/10/11: Granting of Request for Early Termination of the Waiting Period Under the Premerger Notification Rules. Federal Trade Commission.
Lists one credit union merger request granted. PDF Text

FDIC update of failed institutions list

08/10/11: Update to Notice of Financial Institutions for Which the Federal Deposit Insurance Corporation Has Been Appointed Either Receiver, Liquidator, or Manager. FDIC.
List three banks closed 07/29/11. PDF Text

FHFA notice, termination of FHLB RefCorp funding obligation for the year

08/10/11: Termination of Federal Home Loan Bank Resolution Funding Corporation Obligation. Notice. Federal Housing Finance Agency.
As of 07/15/11. PDF Text

FFIEC Appraisal Subcommittee notice regarding annual registration fee

08/10/11: Appraisal Subcommittee Consideration of Extenuating Circumstances for Implementation of Modification of Annual National Registry Fee. Federal Financial Institutions Examination Council.
Effective immediately. PDF Text

Office of the Comptroller of the Currency, Interim rule on Office of Thrift Supervision integration

08/09/11: Office of Thrift Supervision Integration Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Interim final rule with request for comments. Office of the Comptroller of the Currency.
Effective 07/21/11; comments are due 10/11/11. PDF Text

OFAC blocked persons designation lifted

08/09/11: Unblocking of Specially Designated Nationals and Blocked Persons Pursuant to Executive Order 12978. Notice. Office of Foreign Assets Control.
Effective 08/03/11. PDF Text

Banking agencies, NCUA respond to S&P downgrade of U.S. debt to AA+

08/08/11: Agencies issue guidance on federal debt. Federal Reserve Board, NCUA, FDIC, Office of the Comptroller of the Currency.
Guidance released 08/05/11. PDF

OFAC blocked persons designation

08/05/11: Additional Designation of Person Whose Property and Interests in Property Are Blocked Pursuant to Executive Order 13536 of April 12, 2010, "Blocking Property of Certain Persons Contributing to the Conflict in Somalia." Notice. Office of Foreign Assets Control.
Effective 07/29/11. PDF Text

OFAC blocked persons designation

08/05/11: Additional Designation of Person Whose Property and Interests in Property Are Blocked Pursuant to Executive Order 13536 of April 12, 2010, "Blocking Property of Certain Persons Contributing to the Conflict in Somalia." Notice. Office of Foreign Assets Control.
Effective 07/29/11. PDF Text

FDIC interim rule transfer of rules for state savings associations

08/05/11: Transfer and Redesignation of Certain Regulations Involving State Savings Associations Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Interim rule with request for comments. FDIC.
Effective 07/22/11; comments are due 10/04/11. PDF Text

Consumer Financial Protection Bureau, third round of draft mortgage disclosures

08/04/11: Draft combined mortgage disclosures. Feedback sought. Consumer Financial Protection Bureau. The bureau is taking input on its third round of draft mortgage disclosures; they combine disclosures required under the Truth in Lending Act and Real Estate Settlement Procedures Act.

• Input accepted until 08/08/11. Link
• Background on initiative Link

Federal Financial Institutions Examination Council Appraisal Subcommittee to meet

08/04/11: Appraisal Subcommittee Notice of Meeting. Federal Financial Institutions Examination Council.

• Open meeting is 10:30 a.m. 08/10/11. PDF Text
• Closed meeting agenda PDF Text

CU pledges for assessment prepayments fall short

08/03/11: Assessment prepayment program not going forward. NCUA. Credit unions pledged an aggregate $369.9 million, but the minimum set for the program was $500 million. The NCUA Board will determine the 2011 capitalization assessment later this month.

• Announcement PDF

NCUA reports 2Q profit for AEA FCU

08/03/11: AEA FCU sees 2Q profit. NCUA. The credit union has been in conservatorship since December. PDF

OFAC blocked persons designation

08/03/11: Designation of Six Individuals Pursuant to Executive Order 13224. Notice. Office of Foreign Assets Control.
Effective 07/28/11. PDF Text

Federal Reserve Board proposed rule, retail foreign exchange transactions

08/03/11: Retail Foreign Exchange Transactions (Regulation NN). Notice of proposed rulemaking and request for comment. Federal Reserve Board.
Comments are due 10/11/11. PDF Text

Securities and Exchange Commission rule eliminating references to credit ratings

08/03/11: Security Ratings. Final rule. Securities and Exchange Commission.
Effective dates are 09/02/11, 12/31/12. PDF Text

Consumer Financial Protection Bureau, Privacy Act system of records

08/01/11: Privacy Act of 1974, as Amended. Notice of Proposed Privacy Act System of Records. Consumer Financial Protection Bureau.
New system of records effective 09/12/11; comments are due 08/31/11.

• Enforcement database PDF Text
• Directory database PDF Text
• Non-depository supervision database PDF Text
• Depository institution supervision database PDF Text
• Social networks and citizen engagement system PDF Text
• Freedom of Information Act system PDF Text

Financial Crimes Enforcement Network final rule, withdrawal of finding regarding VEF Banka

08/01/11: Financial Crimes Enforcement Network; Repeal of the Final Rule and Withdrawal of the Finding of Primary Money Laundering Concern Against VEF Banka. Final rule. Financial Crimes Enforcement Network.
Effective 08/01/11. PDF Text