<span class="vcard">Amanda Tuckey</span>
Letters: stop using LIBOR ASAP
(May 21, 2021) Stopping the use of LIBOR as a reference rate as soon as possible as a year-end expiration date looms is encouraged for all federally insured credit unions,...
Vendor exam authority, insurance fund changes sought
(May 21, 2021) Giving his agency examination and enforcement authority over third-party vendors, and making key changes to the structure of the federal savings insurance fund for credit unions, were...
Summary outlines compliance date for QM rule
(May 21, 2021) The CFPB’s final rule to delay the compliance date for its new “qualified mortgage” (QM) rule to Oct. 1, 2022 has been summarized by NASCUS and posted...
Agencies offer more time to comment on AI
(May 21, 2021) An extension to July 1 for the deadline to comment on how credit unions and banks use artificial intelligence (AI) in their activities was announced this week...
Study: more HMDA info could help with oversight
(May 21, 2021) Reporting exemptions on home mortgage lending data for smaller credit unions and banks had little impact on data availability, but more information from the lenders would help...
NASCUS 101 is back, with 4 quarterly events
(May 21, 2021) NASCUS 101 – the popular series of webinars that explains how NASCUS members can get the most out of their memberships – is back for 2021. The...
BRIEFLY: In a first for states, OH achieves four-way accreditation; OCC to reconsider last year’s CRA rule; TRID FAQs updated for housing assistance, BUILD Act lending
(May 21, 2021) Congratulations to the Ohio Department of Commerce/Division of Financial Institutions to be the first state supervisory authority to become accredited under all four accreditation programs: credit union...
Key comments: Opposition to provisions of RBC simplification proposal
(May 14, 2021) Two significant comment letters were submitted this week by the state system, on simplification of risk-based capital requirements and on adding an “S” for sensitivity to market...
Key comments: Support for adding ‘S’ for ‘sensitivity’ to exam rating system
(May 14, 2021) Moving expeditiously on adding a “market risk sensitivity” component to the credit union examination system – that is, adding an “S” to “CAMEL” – would better align...
Final derivatives rule, insurance fund actions, on board agenda
(May 14, 2021) A final rule on investments in derivatives by credit unions, and two items that could have a significant impact on a savings insurance premium for credit unions,...
Agency earmarks 12 rules for review this year
(May 14, 2021) Rules of NCUA Board procedure (including public observation of meetings), registration of residential mortgage loan originators, procedures for debt collection and post-employment restrictions for certain NCUA examiners...
Opinion sets bounds for how share insurance applies
(May 14, 2021) Whether share insurance applies to a credit union share certificate purchased by a limited liability corporation (LLC) depends in part on who owns the funds and whether...