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Presentations, handouts from June 5-6 Cybersecurity Symposium

NASCUS is the only organization exclusively dedicated to defending and advancing a strong state credit union system. Established in 1965, state credit union regulators formed NASCUS to promote the safety and soundness of state-chartered credit unions.

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FOR IMMEDIATE RELEASE: June 23, 2017
OTR HEADED IN THE RIGHT DIRECTION
Arlington, Va. -- NASCUS applauds NCUA's vastly simplified approach to calculating the overhead transfer rate and a second round of comments from all stakeholders. The proposed methodology is a significant step in the right direction and we appreciate that NCUA has acknowledged a number of the views we previously shared in our submitted comments.  NASCUS will be reviewing the request for comments more closely and we look forward to working with NCUA in arriving at a methodology that meets our shared objectives of transparency, fairness, and simplicity.

CFPB Seeks Comment on Proposed Changes to Prepaid Final Rule

June 20, 2017 –The Consumer Financial Protection Bureau (CFPB) is seeking comment on proposed updates to its prepaid rule.  The prepaid final rule, issued in 2016, required financial institutions to limit consumers’ losses when funds were stolen or card were lost, investigate and resolve errors, give consumers free and easy access to account information, and provide protections if credit is offered.  The proposal would adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets.  READ

NCUA to seek public comment on OTR methodology

June 14, 2017 – A request for public comment on the overhead transfer rate (OTR) methodology is on the agenda for the June meeting of the NCUA, which is now set for Friday (rather than the typical Thursday), June 23. The agenda item on the OTR is the first action contemplated by the board since it issued a comment call in spring, 2016 on the issue. READ


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