NASCUS Report Archives
CFTC To Hold Free, Virtual Event on Scams and Fraud in The Digital World
The Commodity Futures Trading Commission (CFTC) is holding a virtual event on Oct. 4 that is focused on combatting fraud and scams in the digital world. The event, called Technology...
President Biden nominates Tanya Otsuka for NCUA board
Tanya Otsuka has been nominated to be the newest member of the National Credit Union Administration’s board of directors. On Thursday, President Biden announced Otsuka’s nomination alongside three other candidates...
Hill Hearing Debates Innovation and Credit Access Threat Due to Banking Regulation ‘Overreach’
Hearing: A Holistic Review of Regulators: Regulatory Overreach and Economic Consequences The U.S. House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy held a hearing entitled, “A...
Can lawmakers save the collapsing Florida home insurance market?
The Florida home insurance market has spent most of 2022 tumbling toward collapse, but recent legislation just might avert disaster. These laws, some of which go into effect in October...
Sept. 22: CFPB Updates This Week
CFPB Kicks Off Rulemaking to Remove Medical Bills from Credit Reports The Consumer Financial Protection Bureau (CFPB) today announced it is beginning a rulemaking process to remove medical bills from...
NSA, FBI, and CISA Release Cybersecurity Information Sheet on Deepfake Threats
The National Security Agency (NSA), the Federal Bureau of Investigation (FBI), and the Cybersecurity and Infrastructure Security Agency (CISA) released a Cybersecurity Information Sheet (CSI), Contextualizing Deepfake Threats to Organizations,...
FHFA To Provide More Opportunities for Public to Engage on Credit Score Models
The Federal Housing Finance Agency (FHFA) is rolling out more opportunities for the public to engage with it on the transition to updated credit score models and credit report requirements...
Sept. 15: CFPB Updates This Week
PUBLISHED SEP 14, 2023 CFPB Report Finds College Tuition Payment Plans Can Put Student Borrowers at Risk The Consumer Financial Protection Bureau (CFPB) issued a new report finding that students face...
How banks and credit unions are serving the growing Latino market
Some banks and credit unions once served the Latino market primarily to pacify regulators or to show support for the communities in which they operate. But as the Latino population...
2023 Pierre Jay Winners Announced
The National Association of State Credit Union Supervisors (NASCUS) proudly announced during the 58th Annual NASCUS State System Summit (S3) that Rose Conner, Former North Carolina Credit Union Division Administrator,...
Social Media Shopping Blocked By a Lack of Trust
Shopping over social media seems to be the next frontier of eCommerce spend, with 43% of consumers (approximately 110 million individuals) browsing these platforms to find goods and services. However,...
BPI and ABA to Regulators: Capital Increases, Court Uncertainty Could Complicate Banks’ CRA Programs
Mortgage and small business lending – lines of business central to CRA – are subject to major legal and regulatory policy changes August 22, 2023 — Two recent policy developments...