NASCUS Report Archives
New summaries look at corporate, guidance rules
(Dec. 11, 2020) Two new summaries were posted this week by NASCUS, outlining an NCUA final rule on corporate credit unions and an interagency proposal about codifying the use of...
Bureau makes final two new QM rules
(Dec. 11, 2020) Two final rules related to “qualified mortgages” (QMs) – one installing a limit on lending based on a loan’s pricing, and the second creating a “seasoned QM”...
BRIEFLY: NASCUS joins DEI collective; NASCUS comms job seeks applicants
(Dec. 11, 2020) Following passage of the NASCUS DEI Public Policy in August , the NASCUS Regulatory Board and Credit Union Advisory Council voted unanimously to sign the Credit Union Diversity,...
With Hauptman confirmation, NCUA gets full board of ‘Hs’
(Dec. 4, 2020) A new member will be sitting at the next meeting of the NCUA Board when it gathers in about two weeks, thanks to action taken by the...
Two key recommendations made in NCUA budget hearing
Dec. 4, 2020) NCUA should reconsider how it allocates expenses to the federal insurance fund for credit unions to pay for agency operations, in order to safeguard balance, equity –...
Letter backs changes to BSA recordkeeping, travel rule regs
(Dec. 4, 2020) NASCUS supports making some changes to recordkeeping and travel rule regulations under rules implementing the Bank Secrecy Act (BSA) to promote calibrating the value of anti-money laundering...
Summary outlines ANPR on financial records access
(Dec. 4, 2020) The CFPB’s proposal to develop a rule on consumer access to financial records has been summarized by NASCUS and is posted on the website; the summary –...
Bureau finalizes advisory opinions policy (summary published)
(Dec. 4, 2020) Credit unions, banks and other entities questioning whether to comply with regulatory requirements can submit a request to the CFPB to clear up any uncertainty, the agency...
Another board seat filled – at the Federal Reserve
(Dec. 4, 2020) Following the Senate’s action to fill out the membership of the NCUA Board, on Thursday the Senate filled one of two empty seats on the Federal Reserve...
Utah’s regulator latest to earn accreditation
(Dec. 4, 2020) The Utah Department of Financial Institutions (DFI) is the latest state credit union regulator to earn accreditation from NASCUS, the association announced this week. The Utah DFI,...
TRANSITIONS: In LA, Ducrest retires; In KS, Hurt begins
(Dec. 4, 2020) John Ducrest, long-time (since 2004) Louisiana commissioner of financial institutions in the state’s Office of Financial Institutions (OFI), has retired, effective Dec. 2. Among many other contributions to...
HAVE YOU … Become acquainted with CU Campus 365?
(Dec. 4, 2020) CU Campus 365 is an alliance between NASCUS and BAI, the industry leader in compliance training, with a history of more than 95 years in the financial services...