Corporate Credit Unions
The NCUA Board proposes to rescind IRPS 11-02 regarding corporate credit union charters, deeming it redundant. This action aims to eliminate potential confusion.
Public regulatory intelligence
What changed and why it matters
A source-linked regulatory intelligence feed for Texas credit union compliance and executive leadership. Use it to catch up quickly before diving into the underlying material.
Start with the clearest developments below, then open the original source material when you need the governing detail. The source remains the authority.
Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements
The NCUA Board proposes to rescind IRPS 10-1, which amends IRPS 08-2. This change would ease compliance for federal credit unions by reducing the number of sources they need to check for chartering and...
Chartering and Field of Membership for Federal Credit Unions-Interpretive Rulings and Policy Statements
• NCUA proposes to rescind IRPS 08-2, reducing the number of sources FCUs need to check for chartering and FOM compliance.
• This action aims to ease compliance burdens on Federal credit unions.
Nondiscrimination Requirements
The NCUA Board proposes removing a redundant and outdated regulation regarding nondiscrimination in lending. The current regulation may cause confusion and unnecessary burden because it has not kept up with changes in FHA interpretation...
Patch Tuesday, January 2026 Edition
Microsoft issued critical patches for 113 security holes in Windows and supported software. One of the vulnerabilities (CVE-2026-20805) is actively exploited, targeting ASLR protection mechanisms. Two Microsoft Office bugs with remote code execution are...
Federal Reserve Board announces approval of application by Fifth Third Bancorp
• Federal Reserve Board approved Fifth Third Bancorp’s application.
• No explicit Texas-specific information provided.
Regions insider named next CFO
Anil Chadha will take the role of CFO at Regions Bank after David Turner retires in March. No explicit mention of Texas or Texas-specific entities.
JPMorgan CFO: Card interest cap would ‘significantly change’ bank’s business
JPMorgan CFO suggests the industry might take legal action if a credit card interest rate cap is imposed. The statement indicates potential regulatory changes that could significantly impact bank operations.
U.S. Bank to buy BTIG for $1B to bolster capital-markets business
U.S. Bank will acquire BTIG for $1 billion to strengthen its capital-markets business; BTIG has been a referral partner with U.S. Bank since 2014, collaborating on M&A advisory programs.
Ohio bank rebrands in ‘ambition play’
• Metamora State Bank rebranded as Bank419, using the regional area code instead of a town name.
• The new branding aims to expand the bank's identity beyond its current location.
Press Release: Travis Hill Sworn in as the 23rd Chairman of the FDIC
Travis Hill was sworn in as the 23rd Chairman of the FDIC; he previously served as Acting Chairman and Vice Chairman. He received his education from Duke University and Georgetown University Law Center.
Checkout.com grabs Georgia banking charter
Checkout.com received conditional approval for a merchant acquirer limited purpose bank charter in Georgia; this development may set a precedent for other fintech companies seeking banking charters.
Agencies issue 2025 Shared National Credit Program report
The 2025 Shared National Credit Program report was issued by agencies. It includes updates and guidance for credit unions on shared national credits.
Agencies Issue 2025 Shared National Credit Program Report
• Credit risk associated with large, syndicated bank loans remains moderate.
• Trends continue to reflect borrowers' ability to manage higher interest expenses and macroeconomic factors.
Press Release: Agencies Issue 2025 Shared National Credit Program Report
• Credit risk associated with large syndicated bank loans remains moderate.
• The percentage of non-pass loans decreased from 9.1% in 2024 to 8.6% in 2025, primarily due to growth in new commitments.
Fed’s Powell resists DOJ probe
GOP senators and former officials question the Trump administration’s investigation into Federal Reserve Chair Powell's testimony and construction projects; no explicit mention of Texas or Texas-specific entities.
Vought concedes on CFPB funding
The CFPB’s acting director requested $145 million from the Federal Reserve for agency operations but disagreed with a judge's decision ordering this funding. This highlights potential conflicts and challenges in funding federal agencies.
Trump proposes card rate cap; banks eschew idea
President Trump proposes a 10% cap on credit card interest rates for a year; banks oppose the idea, citing potential negative impacts on consumers.
Digital adoption is accelerating across credit unions — but are the systems underneath ready?
Tech adoption is increasing rapidly among small credit unions; however, underlying infrastructure issues could hinder progress. The article suggests that credit unions need to ensure their systems can support digital advancements without causing disruptions.
Privacy Act Exemption; Correction
• The NCUA Board issued an interim final rule correcting the numbering of one system of records and exempting another from certain Privacy Act requirements. • The rule was issued without advance notice-and-comment procedures...
Consumer Financial Protection Bureau and the Department of Justice Withdraw Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers
The Consumer Financial Protection Bureau and the Department of Justice have withdrawn a joint statement regarding how creditors can consider an individual’s immigration status under the Equal Credit Opportunity Act. This withdrawal impacts how...
Federal Reserve Board announces the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2026
The Federal Reserve Board has designated the Chairs and Deputy Chairs of the 12 Federal Reserve Banks for 2026. This announcement does not provide specific details on changes or implications for credit unions.
Jenius Bank employees say the bank is closing
Jenius Bank has closed; its X account was deleted on Friday and LinkedIn posts were removed.
Plaid hires ex-FDIC chief Jelena McWilliams
Plaid hires Jelena McWilliams as president of corporate and external affairs; CEO praises her for transparency, consumer protection, and innovation.
Michigan’s Zeal Credit Union to buy another UP bank
Zeal Credit Union plans to acquire The Miners State Bank in Michigan's Upper Peninsula. This acquisition marks the first credit union-bank tie-up of 2026.