Uncategorized Archives

NCUA Provides Federal Credit Unions With Annual Meeting Flexibility

Following the lead of state regulators, NCUA released a letter providing federal credit unions with annual meeting flexibility.

NCUA Releases COVID-19 Letter to Credit Unions

Asserting its concern for the health and safety of all NCUA staff, credit union staff, and credit union members, NCUA released LTCU 20-CU-02 regarding COVID-19.

NCUA releases reg review schedule

Rules covering credit union service organizations (CUSOs), management official interlocks, and agency administrative actions are among the 16 regulations NCUA will be reviewing this year, according to the agency. Each...

NASCUS Releases Summary of NCUA “2nd Chance IRPS”

Recently, NCUA has finalized its revisions to the agency’s Interpretive Ruling and Policy Statement (IRPS) regarding statutory prohibitions imposed by § 205(d) of the Federal Credit Union Act (FCUA). Section...

NASCUS Summarizes NCUA’s Final Rule on Public Unit and Nonmember Deposits

NASCUS Legislative & Regulatory Affairs prepared a detailed summary of NCUA's Final Rule on Public Unit and Nonmember Deposits.

NASCUS members join CFPB Credit Union Advisory Council

CFPB Director Kathy Kraninger  announced the appointment of members to the Credit Union Advisory Council (CUAC). Among the appointees are NASCUS members Teresa Campbell, President & CEO, San Diego County Credit Union and Brian Holst, General Counsel, Elevations Credit Union.

House Passes SAFE Act

The House of Representatives passed the Secure and Fair Enforcement Banking Act (SAFE Act), which would provide some protections to credit unions and other financial institutions that serve state-authorized cannabis related businesses. 

NASCUS Comments: ANPR on compensation for loans, lines of credit to members

NASCUS Comments: ANPR on compensation for loans, lines of credit to members June 24, 2019 Gerard Poliquin Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA...

Summary Loans to Members

Summary: Part 701.21(c)(8) & § 741.203(a) Compensation in Connection with Loans to Members and Lines of Credit to Members Prepared by NASCUS Legislative & Regulatory Affairs Department April 2019 NCUA has issued...

March 15, 2019 NASCUS Report

At GAC, state system out in force with meetings, greetings — and top issues Lawmakers, federal regulators, credit union trade groups, credit union industry groups and more were all in...

Judges rule CFPB independent, structure constitutional

A panel of federal appeals court judges has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is constitutional, overturning an earlier decision in the U.S. Court of...