Regulatory Resources
News and Updates
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NASCUS Recommends Different and Less Preemptive Approach for Loan Participation Risk
In a Feb. 21 comment letter, NASCUS recommends NCUA work with state regulators to address supervisory concerns regarding loan participations in a manner that does less harm to the dual chartering system, more effectively mitigates material risk, and improves oversight while not unnecessarily burdening credit unions. -
NCUA Continues to Eye Derivatives as Mitigating Tool for Interest Rate Risk
NASCUS is encouraging state regulators to review state regulations to determine what activities to mitigate interest rate risk are permissible for state-chartered credit unions. A summary of the NCUA ANPR for FCUs is available for NASCUS members to assist in studying the appropriate applicability to SCUs. - NASCUS Summary: FFIEC Issues FAQs on Interest Rate Risk Management
The Federal Financial Institutions Examination Council (FFIEC) has a Frequently Asked Questions (FAQs) about the advisory on Interest Rate Risk Management published in January 2010. NASCUS members can view a summary of the recent FAQs here. (Member log-in required.)
- NCUA Finalizes Interest Rate Risk Rule, Addresses Loan Workouts and Derivatives
The National Credit Union Administration (NCUA) made final a rule requiring credit unions to have a written interest rate risk (IRR) policy, among other actions, at its January 26, 2012 open board meeting.
- NASCUS Summary: NCUA Office of Inspector General 2012 Performance Plan
The NCUA Office of Inspector General (OIG) published its 2012 Annual Performance Plan. The plan is a projection published by OIG of the audits, studies and reports it has scheduled for the coming year. A summary is available here. (Member log-in required).
- NASCUS Summary: FinCEN Guidance FIN-2011-A016 Account Takeover Activity
The Financial Crimes Enforcement Network (FinCEN) issued guidance to assist financial institutions with identifying account takeover activity and reporting the activity through the filing of Suspicious Activity Reports (SARs).
(Member log-in required).
- View the Regulatory Resources News and Updates archive here.
Read NASCUS briefings of 2012 NCUA Board Meetings at this link.
Proposed Rules, NASCUS Comment Letters and Recent Final Rule Summaries
To view the rule archive, follow this link.
Regulatory Library
NASCUS Accreditation and Agency Best Practices (Regulator member log-in required)
Guide for Senior Consumers on Financial Services Tips to Prevent Fraud, Abuse and Inappropriate Marketing of Financial Products and Services and Financial Services Issues for Senior Citizens
Resources developed by the State Financial Regulators Roundtable (SFRR)
2012 NASCUS Profile of State Regulatory Agencies (Member Log-in Required)
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)
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)
NASCUS Survey of the State Credit Union System
Links
- State Regulators
- NCUA
- FASB
- FinCEN
- Federal Register
- FTC
- Federal Legislation
- Filene Research Institute (NASCUS regulators have complimentary access- find out how here)