NASCUS Report: What did regulators tell Congress?

THIS WEEK: Hood stands behind CU bank purchases … notes ‘subordinated debt’ proposal still on drawing board; Board to consider RBC delay, higher OTR; ‘2nd chance’ takes effect in New Year; Regulators OK alternative data underwriting; Proposal allows remittance fee estimates; Summary looks at TRID RFI; Cannabis bill shifts to 2020 and more!

NASCUS President & CEO Lucy Ito tetifies at NCUA's 2020- 2021 Budget Briefing

Better transparency about the Overhead Transfer Rate (OTR), consistency in distributing the OTR among credit unions, and the cost allocation of NCUA’s supervision of credit union service organizations (CUSOs) and third parties were the top three points pressed by NASCUS during its presentation at the NCUA Budget Briefing.

NASCUS Responds to November Board Meeting

NASCUS President Lucy Ito responds to the NCUA Board providing notice of rulemaking on increasing the residential real estate threshold appraisal to $400,000 and approving the “Second Chance” policy change.

NASCUS is the national association that advocates for a strong and healthy state credit union system, and whose members include state regulatory agencies, credit unions, credit union leagues, and organizations that support the state credit union system.

November 10, 2019
NASCUS Summarizes NCUA’s Final Rule on Public Unit and Nonmember Deposits

NASCUS Legislative & Regulatory Affairs prepared a detailed summary of NCUA’s Final Rule on Public Unit and Nonmember Deposits.

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October 3, 2019
NASCUS members join CFPB Credit Union Advisory Council

CFPB Director Kathy Kraninger announced the appointment of members to the Credit Union Advisory Council (CUAC). Among the appointees are NASCUS members Teresa Campbell, President & CEO, San Diego County Credit Union and Brian Holst, General Counsel, Elevations Credit Union.

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September 25, 2019
House Passes SAFE Act

The House of Representatives passed the Secure and Fair Enforcement Banking Act (SAFE Act), which would provide some protections to credit unions and other financial institutions that serve state-authorized cannabis related businesses.

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Mar 16

November 21, 2019
NASCUS PRESIDENT & CEO LUCY ITO ON THE NOVEMBER NCUA BOARD MEETING
November 20, 2019
NASCUS PRESIDENT AND CEO LUCY ITO TESTIFIES AT NCUA’S 2020 – 2021 BUDGET BRIEFING
October 29, 2019
NASCUS PRESIDENT AND CEO LUCY ITO ON NCUA’S 2020 – 2021 BUDGET PROPOSAL
October 24, 2019
NASCUS PRESIDENT & CEO LUCY ITO ON THE OCTOBER NCUA BOARD MEETING
September 25, 2019
NASCUS APPLAUDS THE HOUSE OF REPRESENTATIVES FOR PASSING THE SAFE ACT; CALLS ON THE SENATE TO ACT PROMPTLY
September 19, 2019
NASCUS PRESIDENT & CEO LUCY ITO ON THE SEPTEMBER NCUA BOARD MEETING
August 20, 2019
IN WAKE OF DECISION UPHOLDING MOST OF NCUA’S FOM RULE, ITO PRAISES NCUA’S DETERMINATION TO MAINTAIN AN EFFECTIVE FEDERAL CHARTER
August 20, 2019
NASCUS’ ITO RESPONDS TO NCUA’s RELEASE OF INTERIM GUIDANCE ON SERVING HEMP BUSINESSES
August 14, 2019
STATE REGULATORS AND NCUA SIGN COOPERATION AGREEMENT AT NASCUS SUMMIT

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NASCUS Report: What did regulators tell Congress?

NASCUS President & CEO Lucy Ito tetifies at NCUA's 2020- 2021 Budget Briefing

NASCUS Responds to November Board Meeting

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NASCUS Summarizes NCUA’s Final Rule on Public Unit and Nonmember Deposits

NASCUS members join CFPB Credit Union Advisory Council

House Passes SAFE Act

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NASCUS PRESIDENT & CEO LUCY ITO ON THE NOVEMBER NCUA BOARD MEETING

NASCUS PRESIDENT AND CEO LUCY ITO TESTIFIES AT NCUA’S 2020 – 2021 BUDGET BRIEFING

NASCUS PRESIDENT AND CEO LUCY ITO ON NCUA’S 2020 – 2021 BUDGET PROPOSAL

NASCUS PRESIDENT & CEO LUCY ITO ON THE OCTOBER NCUA BOARD MEETING

NASCUS APPLAUDS THE HOUSE OF REPRESENTATIVES FOR PASSING THE SAFE ACT; CALLS ON THE SENATE TO ACT PROMPTLY

NASCUS PRESIDENT & CEO LUCY ITO ON THE SEPTEMBER NCUA BOARD MEETING

IN WAKE OF DECISION UPHOLDING MOST OF NCUA’S FOM RULE, ITO PRAISES NCUA’S DETERMINATION TO MAINTAIN AN EFFECTIVE FEDERAL CHARTER

NASCUS’ ITO RESPONDS TO NCUA’s RELEASE OF INTERIM GUIDANCE ON SERVING HEMP BUSINESSES

STATE REGULATORS AND NCUA SIGN COOPERATION AGREEMENT AT NASCUS SUMMIT

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