NASCUS Report Archives
Ito: Expanded board needs state experience
(Oct. 1, 2021) Noting Harper’s comments about changes to the NCUA Board, NASCUS President and CEO said mandating that at least one board member have state credit union regulatory experience...
Expiring homeowner protections outlined in letter
(Oct. 1, 2021) “Critical information” for compliance with expiring pandemic-era protection programs for homeowners are addressed in a letter to credit unions from NCUA this week. The letter (LTCU 21-CU-09),...
CUs on notice: start submitting card data to CFPB
(Oct. 1, 2021) Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the CFPB’s website for collecting credit card information,...
Take a breather: More time to comment on digital assets
(Oct. 1, 2021) More time – 30 days – is allowed for comments on NCUA’s request for information (RFI) about the impact of activities connected to digital assets and related...
Inaugural ‘CURE’ event covers key issues
(Oct. 1, 2021) Payments systems, digital currencies, transition by large credit unions to specialized oversight by NCUA, the evolution of mortgage servicing in the wake of the Great Recession, and...
BRIEFLY: Chopra confirmed as CFPB director; Ito on diversity panel
(Oct. 1, 2021) Rohit Chopra is now the permanent director of the CFPB, with a five-year term, thanks to a 50-48 vote by the Senate on Thursday. He took a...
Proposal gives LICUs more room on sub debt
(Sept. 24, 2021) A proposed change to the new subordinated debt rule to accommodate credit union access to federal investment programs – but making no other changes to the rule...
Board agrees to consider finalizing three rules
(Sept. 24, 2021) Earlier in the meeting, the NCUA Board voted – 2-1, with Harper the “no” vote – to act on three outstanding proposed rules over the span of...
Ito acknowledges changes needed to sub debt rule
(Sept. 24, 2021) NASCUS President and CEO Lucy Ito agreed with the NCUA Board for proposing the secondary capital changes to the subordinated debt rule scheduled to take effect at the...
NASCUS: Review of state biz loan rule highlights need for dialogue
(Sept. 24, 2021) In yet more action at its Thursday meeting, the NCUA Board approved a state member business lending rule in Oregon for exemption from NCUA’s revised member business...
7 new positions approved for NCUA after budget review
(Sept. 24, 2021) In other action Thursday, the NCUA Board: Approved “midsession budget review” action that will use a $15 million 2021 budget surplus (realized through savings on curtailed travel...
States hold slight edge in total savings, loans
(Sept. 24, 2021) Savings expanded at a slightly quicker pace at state-chartered credit unions than at federal credit unions in the first half of the year, while lending at federals...