NASCUS Report Archives
March 2023: NCUA Board Meeting Summary
The NCUA held its third open meeting of 2023. Chairman Todd Harper kicked off the meeting further, reinforcing his statement from March 13, that the credit union system remains well-capitalized...
2023 NASCUS GAC Recap
National Association of State Credit Union Supervisors (NASCUS) had a busy week at the 2023 Credit Union National Association Governmental Affairs Conference (CUNA GAC). Approximately 5,500 industry stakeholders gathered in Washington, DC, this year to discuss the pressing issues and challenges confronting the credit union system and broader financial services sector.
GAC ’23 Activites Around the States
California Credit Union League/Nevada Credit Union League: CUs Have Productive Talks with Congress & Regulators. More than 300 California and Nevada leaders spent their week advocating for credit unions in meetings with congressional lawmakers and regulators in Washington, D.C.
NASCUS and Iowa Division of Credit Unions Launch State-wide Board Chair Event
NASCUS and Iowa Division of Credit Unions Launch State-wide Board Chair Event ARLINGTON, VIRGINIA – In tandem with the Iowa Division of Credit Unions, the National Association of State Credit Union...
Mar. 3: CFPB Updates This Week
NASCUS Summary: Registry of Supervised Nonbanks that Use Form Contracts To Impose Terms and Conditions That Seek To Waive or Limit Consumer Legal Protections 12 CFR Part 1092 The Consumer...
Decentralized Finance To Be Examined at Inaugural CFTC Tech Advisory Meeting
The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present.
Ohio Bank Reaches $9M Redlining Settlement With DOJ
As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area
Feb. 17: CFPB Updates This Week
Appraisal standards must include federal prohibitions against discrimination The CFPB and leaders from across the federal government submitted a joint letter to The Appraisal Foundation (TAF), the private, nongovernmental organization...
Lael Brainard Submits Resignation as Vice Chair and Member of the Federal Reserve Board
Lael Brainard submitted her resignation February 14, 2023 as Vice Chair and a member of the Federal Reserve Board, effective on or around February 20, 2023. She has been a...
NASCUS Summary: NCUA Board Meeting (Feb. 2023)
On February 26, the NCUA Board held its second open meeting of 2023. The Board unanimously approved two items. The items approved included a long-awaited final rule on cyber incident...
Federal Reserve Board releases hypothetical scenarios for its 2023 bank stress tests
The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks are able to lend to households and businesses even...
Feb. 10: CFPB Updates This Week
PUBLISHED FEB 9, 2023 CFPB publishes HMDA Regulatory and Reporting Overview Reference Chart for Data Collected in 2023 Today, the CFPB published the Regulatory and Reporting Overview Reference Chart for HMDA...