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.
CFPB Posts Fall Rulemaking Agenda
November 24, 2014 – The Consumer Financial Protection Bureau released its Fall 2014 rulemaking agenda on Friday, November 21, 2014 in conjunction with the Office of Management and Budget’s (OMB) Unified Agenda of Regulatory and Deregulatory Actions. The Unified Agenda is published in the Federal Register twice a year to give the public some insight into federal agency priorities for the coming months. READ
NCUA to Re-Propose RBC Rule in January 2015
November 24, 2014 – NCUA has announced that the second risk-based capital (RBC) rule will be presented at the January 15, 2015 NCUA Board meeting for a 90-day comment period. READ
NASCUS Calls for Public Comment Period Over NCUA’s Ever-Increasing OTR
November 20, 2014 – The National Credit Union Administration (NCUA) Board today announced another increase to the agency’s Overhead Transfer Rate (OTR) from the already staggering previous year’s rate of 69.2 percent to 71.8 percent. At the same time, the NCUA decreased the federal credit union operating fee by $0.72 million, or 0.90 percent. NCUA’s overall budget increased by 4.2 percent. READ