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Four years after suspending its civil money penalties for credit unions not filing NCUA Form 5300 Call Reports on time, the agency is reinstating those penalties beginning with the December 2023 Call Report deadline.

The NCUA paused the penalties during the COVID-19 pandemic and said it’s time to bring back the enforcement program.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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