Regulatory Resources

LATEST UPDATES:

Labor Dept. pushes back ‘fiduciary duty’ date
March 3, 2017 -- The Labor Department this week proposed a 60-day delay of its fiduciary rule implementation date, previously set for April 10, to June 9. Comments will be accepted on the proposal to March 15. The rule, which affects how financial advisers may advise clients on retirement savings, would hold advisers to a “fiduciary standard.” READ

Supplemental capital proposal outlined in wide-ranging summary
Feb. 20, 2017 -- Although it is titled a “summary,” NASCUS has developed a comprehensive look at the “alternative capital” proposal issued by the NCUA Board at its January meeting; this rule is out for comment to May 9 (a 90-day period). READ

 

SECTIONS:

2017 Proposed Rules, NASCUS Comment Letters and Recent Final Rule Summaries

Date Proposed/Made Final Rule/Topic NASCUS Summary NASCUS Comment Letter
02/2017 Advance Notice of Proposed Rulemaking (ANPR), Alternative Capital

Available

 

 

2016 Proposed Rules, NASCUS Comment Letters and Recent Final Rule Summaries

Date Proposed/Made Final Rule/Topic NASCUS Summary NASCUS Comment Letter
12/2016 NCUA 12 CFR Part 701 & 721; FCU Occupancy Available  
12/2016 NCUA 12 CFR Part 792; Revisions to FOIA Available  
12/2016 Proposed Rule: NCUA 12 CFR Part 701; FCU Field of Membership # 2 Available  
11/2016 Final Rule: 12 CFR Part 701 NCUA Chartering & FOM Manual Available  
8/2016 Proposed Rule: FinCEN 31 CFR Parts 1010 and 1020; Customer Identification Programs, Anti-Money Laundering Programs, and Beneficial Ownership Requirements for Banks Lacking a Federal Functional Regulator Available  
8/2016 NCUA 2016 Regulatory Review Available Click here
8/2016 NCUA Exam Flexibility Initiative NA Available
6/2016

Interim Final Rule; NCUA 12 CFR Part 747 Civil Money Penalties

Available NA
6/2016 Proposed amendments: NCUA 12 CFR Part 705
Community Development Revolving Loan Fund (CDRLF)
Available  
5/2016

Proposed Rule: NCUA 12 CFR Part 751; Incentive-Based Compensation

Available Click here
5/2016 FinCEN 31 CFR Parts 1010, 1020, 1023, et al;
Customer Due Diligence Requirements for Financial Institutions; Final Rule

Available NA
3/2016 FinCEN 31 CFR Part 1010; Bank Secrecy Act – Reports of Foreign Financial Accounts (FBAR) Available  
3/2016 Interagency guidance: Applying Customer Identification Program Requirements to Holders of Prepaid Cards Available NA
3/2016 Final Rule, Member Business Loans; Commercial Lending Available Click here
2/2016 Proposed collection: Bank Secrecy Act Currency Transaction Report (BCTR) Available NA
1/2016 2017-21 NCUA Draft Strategic Plan Available NA
1/2016 Overheard Transfer Rate Methodology NA Click here
1/2016 Final Rule/FHFA Amendments to the FHLB Membership Regulations Available Click here

To view the rule archive, follow this link.
Back to Sections

 

2017 NCUA-Released Letters to Credit Unions and NASCUS Summaries

Date of Letter Letter Number Letter Title NASCUS Summary (members only)
01/2017 17-CU-01

Supervisory Priorities for 2017

Available

2016 NCUA-Released Letters to Credit Unions and NASCUS Summaries

Date of Letter Letter Number Letter Title NASCUS Summary (members only)
12/2016 16-CU-13 FAQ on the New Accounting Standard on Financial Instruments – Credit Losses Available
12/2016 16-CU-12 Risk Based Examination Scheduling Policy Available
11/2016 16-CU-11 MBL Guidance Added to Examiner’s Guide Available
11/2016 16-CU-10 Projected 2017 Share Insurance Fund Premium and Stabilization Fund Assessment Range In process
10/2016 16-CU-09 Real Estate Appraisal Waiver for Credit Unions Affected by Severe Storms and Flooding in Louisiana Available
10/2016 16-CU-08 Revised Interest Rate Risk Supervision Available
10/2016 16-CU-07 Military Lending Act Examination Approach Available
09/2016 Act. Bltn. 16-1 PCC Accounting Available
09/2016 16-CU-06 Preparing for Same-Day Automated Clearing House (ACH) Payments Available
09/2016 16-CU-05 Voluntary diversity and inclusion policies and practices checklist Available
05/2016 16-CU-04 Member Account Deposit Reconciliation Practices Available
01/2016 16-CU-03 Regulatory relief on annual privacy notices Available
01/2016 16-CU-02 CUSO Registry Available
01/2016 16-CU-01 Supervisory Priorities for 2016 Available

Back to Sections

2017 NCUA-Released Regulatory Alerts and NASCUS Summaries

Date of Alert Alert Number Alert Title NASCUS Summary
(members only)
1/2017 17-RA-01 2016 Mortgage Servicing Rule & Fair Debt Collection Practices Act Interpretive Rule Available
1/2017 17-RA-02 HMDA Data Collection Requirements for Calendar Year 2017 Available

2016 NCUA-Released Regulatory Alerts and NASCUS Summaries

Date of Alert Alert Number Alert Title NASCUS Summary (members only)
12/2016 16-RA-07 Prepaid Accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth in Lending Act (Regulation Z) Available
9/2016 16-RA-06 Department of Defense’s Interpretive Guidance on Military Lending Act Limitations on Terms of Consumer Credit Extended to Service Members and Dependents Available
5/2016 16-RA-05 Amendments Relating to Small Creditors and Rural or Underserved Areas under the Truth in Lending Act Available
3/2016 16-RA-04 Guidance on Regulatory Changes Affecting Military Members Available
2/2016 16-RA-03 Submission of 2015 HMDA Data Available
1/2016 16-RA-02 Enhanced Share Insurance Coverage (IOLTAs) Available
1/2016 16-RA-01 HMDA data collection for 2016 Available

Back to Sections

NCUA 2015-2016 Legal Opinions and Summaries

Date of Opinion Opinion Number Opinion Title NASCUS Summary (members only)
08/2016 16-0604 Classification of MBLs Available
03/2016 15-1124 Custodial Services Available
03/2016 16-0117 Field of Membership Available
02/2016 16-0227 Network credit unions Available
08/2015 15-0813 Loan Participations in Indirect Loans – Originating Lenders Available
05/2015 14-00902

Monthly membership fees

Available

NCUA 2016 Supervisory Letters

Date of Opinion Opinion Number Opinion Title NASCUS Summary (members only)
09/2016 SL No.: 16-01 CDFI – Certified Credit Union Supervision Available

 

Back to Sections

Regulatory Library

Item Description Members
only
Part 741 Compendium:
Quick Reference to
State Rules Under NCUA
Reference to rules affecting state credit unions under NCUA rules and regulations Yes
Nationwide Cooperative Agreement for the Supervision of State-Chartered Credit Unions Guidelines for state credit union supervisors to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format) No
Southeastern Regional Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
A regional agreement to examine and supervise the interstate operations of multi-state, state-chartered credit unions. (PDF Format) No
2015 Cooperative Interstate Agreement for the Supervision of State-Chartered Credit Unions
An agreement to promote interstate commerce and cooperation on a reciprocal basis among the states that are a signatory to this agreement: Idaho, Indiana, Kentucky, Michigan, Ohio, Oregon, Washington, West Virginia and Wisconsin. (PDF Format) No
NASCUS Accreditation and Agency Best Practices   Yes (regulator members)

Back to Sections

Surveys of State Credit Union System (and miscellaneous)

Item Members
only
Aug. 21, 2015: Sharing sensitive data with NCUA (letter to all FICUs)
No

Back to Sections