Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers N C U A’s Authority to Assess Civil Money Penalties as outlined in its Enforcement Manual.    The following is an audio version of manual.    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hu...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Episode Summary This episode covers the National Credit Union Administration's (NCUA) examiner guidance on Preliminary Warning Letters (PWLs) to credit unions, as outlined in the National Supervision Policy Manual. ## Key Points 1. Purpose of Preliminary Warning Letters (PWLs):    - Issued when a credit union's problems are serious or...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers N C U A’s authority to Involuntarily Liquidate a Credit Union.   The following is an audio version of N.C.U.A.’s Liquidation authorities.    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hun...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Show Notes: NCUA Board Cybersecurity Briefing - October 2024   🎙️ With Flying Colors - A Credit Union Examination Podcast Hosted by Samantha Shares Sponsored by Credit Union Exam Solutions Inc.   Episode Overview: Join us for a comprehensive breakdown of the NCUA's October 2024 cybersecurity briefing, where key officials provided crit...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ 🎙️ Episode Summary Join us for an inside look at the NCUA's October 2024 board meeting, where we explore groundbreaking developments in new credit union charters and field of membership expansions. From innovative pilot programs to surging underserved area applications, discover how the credit union movement is evolving to serve more...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ https://www.marktreichel.com/podcast https://www.linkedin.com/in/mark-treichel/ 2024 September NCUA Board Meeting: Simplified Share Insurance Rules This episode covers the NCUA's final rule on simplifying share insurance coverage, focusing on trust accounts and mortgage servicing accounts. The discussions include details on the change...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/   Hello, this is Samantha Shares. This episode covers The Defense Credit Union Council’s letter to N C U A’s Chairman Todd Harper regarding his support for imposing Community Reinvestment Act on credit unions.   The following is an audio version of that advisory and the press release.    This podcast is educational and is not legal ad...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers the National Credit Union Administration’s Letter to credit unions 24 dash C U 2 Board of Director Engagement in Cybersecurity Oversight   The following is an audio version of that letter.    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/   Hello, this is Samantha Shares. This episode covers The American Bankers Association Trade group’s letter to N C U A Board Chairman Todd Harper on N C U A’s on the agencies improved transparency.  This letter demonstrates the challenges of N C U A’s recent public comments that are negative towards credit unions.  The letter uses the...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ NCUA Board Briefing on the National Credit Union Share Insurance Fund - September 2024 This episode covers NCUA's September 2024 Board Meeting Briefing on the National Credit Union Share Insurance Fund. Featured are the NCUA Board and staff in their own words and voices, discussing the fund’s performance, projections, and regulatory m...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ https://www.linkedin.com/in/mark-treichel/ https://www.marktreichel.com/podcast 2024 September NCUA Board Meeting: Simplifying Share Insurance This episode of the podcast covers the NCUA's September 2024 Board Meeting, focusing on the implementation of a final rule to simplify share insurance coverage. Key highlights include the merge...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Title: NCUA's New Fair Hiring in Banking Rule  Key Points: - The NCUA Board has issued a final rule to incorporate IRPS 19-1 and the Fair Hiring in Banking Act (FHBA) into its regulations. - The rule expands career opportunities for individuals to work and volunteer at insured credit unions who have certain criminal records. - Key cha...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers the Statement of C F P B Director Rohit Chopra, Member, F D I C Board of Directors, on Stopping Fintech Deposit Meltdowns   The following is an audio version of that statement.    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam Solutions In...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ # Show Notes: NCUA Vice Chairman Hauptman's 2024 ACU Congressional Caucus Remarks ## Key Points: 1. Records Retention Policy Update    - NCUA revising policies to limit required retention periods    - Prompted by feedback from credit unions 2. Overdraft and NSF Fees    - Hauptman opposes forcing large credit unions to publicly state r...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Hello, this is Samantha Shares. This episode covers Transcript of Chair Powell’s Press Conference Opening Statement September 18, 2024     The following is an audio version of that transcript.    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ - Topic: NCUA Chairman Todd Harper's vision for the future of credit unions - Occasion: 90th anniversary of the Federal Credit Union Act - Key principles for credit union success over next 90 years: 1. Transparency    - Public disclosure of executive compensation (proposed rule)    - Reporting of overdraft/NSF fees for large credit un...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ # Show Notes: CFPB on Housing - Prepared Remarks of CFPB Director Rohit Chopra ## Episode Overview This episode covers the prepared remarks of CFPB Director Rohit Chopra at the National Housing Conference on September 9, 2024. The remarks focus on mortgage refinancing and its potential impact on homeowners and the economy. ## Key Poin...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Key Points: 1. Federal banking agencies released a statement on potential risks of banks using third parties to deliver deposit products and services. 2. Highlights risk management practices for banks to consider when managing these arrangements. 3. Reemphasizes existing guidance; does not create new requirements or expectations. 4. I...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ NCUA's Proposed Incentive-based Compensation Rule This episode, hosted by Samantha Shares, provides a detailed summary of the NCUA's proposed incentive-based compensation rule, which implements Section 956 of the Dodd-Frank Act. This regulation is designed to address flawed compensation practices contributing to the 2008 financial cri...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/   Hello, this is Samantha Shares. This episode is a high level summary of the final interagency guidance on reconsiderations of value (R O V) for residential real estate valuations    This podcast is educational and is not legal advice.  We are sponsored by Credit Union Exam Solutions Incorporated, whose team has over two hundred and...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Board Approves Revised Proposal on Succession Planning The NCUA Board approved by a vote of 2-1 a proposed rule that requires boards of directors at federally insured credit unions to establish and adhere to processes for succession planning. This new proposed rule modifies the 2022 proposal based on the public comments received and u...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ 1. Episode topic: Interagency Statement on the Issuance of the AML/CFT Program Notices of Proposed Rulemaking 2. Date of issuance: June 28, 2024 3. Agencies involved:    - U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN)    - Board of Governors of the Federal Reserve System    - Federal Deposit Insurance...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Federal Credit Union Loan Interest Rate Ceiling In this episode, Samantha Shares delves into the NCUA's new proposed rule on the Federal Credit Union Loan Interest Rate Ceiling that was voted on at the July 18th Board Meeting. With a vote of 3-0, the proposed rule has been passed, maintaining the temporary 18 percent interest rate cei...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Proposed Rule on Incentive-Based Compensation Arrangements In this episode, Samantha Shares discusses the NCUA’s new proposed rule on Incentive-Based Compensation Arrangements, voted on during the July 18th Board Meeting. The episode includes a detailed presentation by various board members and staff on the scope, requirements, and im...

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ Proposed Succession Planning Rule: July NCUA Board Meeting This episode covers NCUA’s new proposed rule on Succession Planning discussed at the July 18th Board Meeting. The rule aims to improve the preparation and transition processes within credit unions by mandating formal written succession plans. The conversation includes insights...