NASCUS

NASCUS Event: Legislative and Regulatory Affairs Committee Meeting
2024-01-03 15:00 - 16:00, 2024-02-07 15:00 - 16:00, 2024-03-13 15:00 - 16:00, 2024-04-03 15:00 - 16:00, 2024-06-05 15:00 - 16:00, 2024-07-10 15:00 - 16:00 (America/New_York) | Virtual
The Legislative and Regulatory Affairs Committee is a standing committee that works to advance legislative and regulatory solutions that preserve a viable and attractive state credit union system.
This committee, comprised of regulators, credit unions, and leagues, develops NASCUS’ comment letters, recommends NASCUS policy positions, and guides NASCUS legislative activity. The Committee may form smaller working groups, as needed, to examine specific questions. The Committee may also host special subject matter events on emerging issues.
By invitation only.
Click here for a full list of Regulator and Credit Union Committee Members
NASCUS Staff Liaison:
Sarah Stevenson, NASCUS Vice President of Regulatory Affairs

NCUA Board Meeting
2024-01-18 10:00 - 12:00, 2024-02-15 10:00 - 12:00, 2024-03-21 10:00 - 12:00, 2024-04-18 10:00 - 12:00, 2024-05-22 10:00 - 12:00, 2024-07-18 10:00 - 12:00 (America/New_York)
All meetings of the NCUA Board are held at its headquarters at 1775 Duke Street in Alexandria, Virginia. Visitors are encouraged to register in advance to attend Board meetings in person and must enter the building at the agency’s Visitor Center on Diagonal Road.
NCUA’s open Board meetings are also livestreamed on the NCUA’s YouTube channel and available afterward for viewing for one year.
Click here for redirection to the NCUA website for agenda’s and meeting notes.
All future meetings’ agendas and schedules are subject to change.

NASCUS Event: State Supervisory Authority (SSA) Members Meeting
2024-01-25 16:00 - 17:00, 2024-02-22 16:00 - 17:00, 2024-04-25 16:00 - 17:00, 2024-05-23 16:00 - 17:00, 2024-06-20 16:00 - 17:00 (America/New_York) | Virtual
NASCUS works with state regulatory agencies to explore ways to improve not just the state credit union systems regulatory environment, but its supervisory environment. These meetings are designed to bring regulators together to tackle issues and share best practices in an open forum.
These meetings help state regulators collaborate and enhance their efficiencies, which benefits the state agencies as well as the credit union regulatory system.
This meeting is by invitation only.

NASCUS Staff Liaisons:
John J. Kolhoff, NASCUS Senior Vice President of Policy and Supervision
Sarah Stevenson, NASCUS Vice President of Regulatory Affairs

MEMBER EVENT: A Conversation with FinCEN on Beneficial Ownership and Access
2024-02-09 13:00 - 14:00 (America/New_York) | Virtual
Join Us on February 9, 2024, from 1:00 pm – 2:00 pm EST
The National Association of State Credit Union Supervisors (NASCUS), together with the NASCUS Anti-Money Laundering/Anti-Financial Crimes Roundtable (AML Roundtable), invites all members to attend a complimentary Conversation with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) on Beneficial Ownership and Access.
This members-only webinar will feature representatives from FinCEN’s Policy Division’s Regulatory Rulemaking Section. It will address FinCEN’s Beneficial Ownership Reporting Rule and provide an overview of the Agency’s Access Rule issued December 22, 2023. You can register for the webinar here.
Click here for access to NASCUS summaries and comment letters to FinCEN on this topic.
Registration is required. Attendance is free as a NASCUS member benefit. A Zoom link will be sent out the day of the webinar. This webinar will not be recorded.
For the registration link, please contact Sarah Stevenson at sstevenson@nascus.org.
Registration deadline: Feb. 9, 2024, at 10:00 am EST.

NASCUS Member Reception
2024-03-05 17:00 - 18:30 (America/New_York)
NASCUS Annual Members’ Reception
Date: Tuesday, March 5, 2024
Time: 5:00 pm – 6:30 pm
Location:
Marriott Marquis Hotel
University of DC Room (Meeting Level 1)
901 Massachusetts Avenue NW, Washington, District of Columbia, USA, 20001
By Invitation Only. This event is being held in conjunction with the CUNA Governmental Affairs Conference. Guests are welcome to accompany attendees. Business attire is suggested.
For questions or further information, please contact Shellee Mitchell at smitchell@nascus.org.

2024 Wisconsin Executive Forum
2024-03-12 09:00 - 15:00 (America/Chicago)
Join Us March 12, 2024, in Madison
NASCUS, the Wisconsin Department of Financial Institutions Office of Credit Unions, and the Wisconsin Credit Union League are hosting this full-day collaborative meeting to bring industry leaders and directors across our state system together to discuss the most pressing issues facing our industry today.

Wisconsin credit union board members, committee members, and management should not miss the NASCUS Wisconsin Executive Forum.

Time: 9:00 am – 3:00 pm
Please note all times are CST.
Participation Fee:

$199 for NASCUS Members or WI Credit Union League Members
$299 Non-Members

Location: TruStage
5810 Mineral Point Road, Madison, WI 53705

Room Location: Atrium A&B
An onsite parking garage is available for your registered guests.

2024 National Regulator Meeting
2024-03-26 - 2024-03-28
Save the Dates: March 26 – 28, 2024

The National Meeting, which is exclusively for state regulators, creates a forum for open dialogue on best practices, discussions around common challenges, and a platform to exchange ideas with state credit union supervisors from across the country.
This hybrid (in-person and virtual) event covers a multitude of industry-based topics in our ever-changing world.
Event pricing: $400/person for both virtual and in-person options.

Sessions include:

Innovations in Fintech
Internal Controls and Fraud Risk
Around the States Open Forum
National Issues
Challenges Within the Industry

In-person Location:
The Westin Chicago River North
320 North Dearborn Street
Chicago, IL 60654
Rate $229 | Reservation Cut-Off Date: Monday, March 8, 2024
Click here for a link to room block reservation system.

2024 Ohio Credit Union Day
2024-04-22 08:00 - 15:30 (America/New_York) | Hilton Columbus Downtown, 401 N High Street, Columbus, OH
Join Us on April 22, 2024, in Downtown Columbus

NASCUS, in collaboration with the Ohio Department of Commerce, the Division of Financial Institutions, and the Ohio Credit Union League, is delighted to present the highly-anticipated 2024 Ohio Credit Union Day.

This annual event has been specifically designed to cater to credit union volunteers, dedicated staff, and forward-thinking management teams, providing them with a valuable platform to remain well-informed about the ever-evolving landscape of industry issues.

Location: Hilton Columbus Downtown
Elijah Pierce Ballroom
401 N High St. Columbus, OH 43215
ph: 614.384.8600

Price: $199 Members and $299 Non-Members

Cybersecurity Conference
2024-05-07 - 2024-05-09
Cybersecurity Conference with America’s Credit Unions
Join Us May 7-9, 2024, in San Antonio, TX
Venue: The St. Anthony Hotel
Stand Up to Credit Union Cyber Threats
As fraud and other cybercrimes continue to evolve, the task of protecting your credit union is becoming more complex. Join us as we explore a variety of popular and important cybersecurity topics, and learn the latest strategies and tactics on how to keep your data safe at the Cybersecurity Conference with NASCUS and America’s Credit Unions.
Who Should Attend
This conference has been created with I.T. and compliance professionals, C-Suite, risk managers, and examiners in mind, as well as anyone else in the credit union who would benefit from cybersecurity training.

Pricing
Member
$1,795.00 Early Bird Price
Early bird price until April 6, 2024
$1,995.00 Regular Price
NASCUS members receive CUNA member pricing. To receive this pricing, or for quicker registration, email hello@cuna.coop or call 800-356-9655.
Non-Member
$3,990.00 Regular Price
Product Code: CCTX24

CFPB and DOT Joint Hearing on Airline and Credit Card Rewards Programs
2024-05-09 10:00 - 12:00 (America/New_York) | Virtual
CFPB and DOT to hold joint hearing on airline and credit card rewards programs
On Thursday, May 9, 2024, at 10:00 am EST, the CFPB and Department of Transportation will host a hearing on airline and credit card rewards programs.
Members of the public will hear from CFPB Director Rohit Chopra and Secretary of Transportation Pete Buttigieg, who will moderate a discussion with industry representatives, labor leaders, and consumer advocates about competition issues and challenges that consumers are experiencing with airline and credit card rewards programs.
WHO:

Scott DeAngelo, Executive Vice President and Chief Marketing Officer, Allegiant Air
Morgan Harper, Director of Policy and Advocacy, American Economic Liberties Project
Andrew Grimm, President and CEO, Apple Federal Credit Union
Sara Nelson, International President, Association of Flight Attendants
Lukas Johnson, Chief Commercial Officer, Breeze Airways
Erin Witte, Director of Consumer Protection, Consumer Federation of America
Robert Patrick Cooper, Senior Vice President and General Counsel, OneUnited Bank

WHEN:
Thursday, May 9, 2024
10:00 AM ET
WHERE:
A livestream will be available on the day of the hearing on the event page.
If you would like to participate by providing a live, one minute, virtual comment about airline or credit card rewards, please send an email to PE_events@cfpb.gov and we will send you instructions about how to participate.

2024 Class Action Litigation Outlook Webinar
2024-05-16 14:00 - 15:15 (America/New_York) | Virtual
May 16, 2024, from 2:00 pm – 3:15 pm EST

Presentation Slide Decks

2024 NASCUS Class Action Litigation Update
CFPB Late Fee Rule Litigation

The NASCUS Legislative & Regulatory Affairs Committee is hosting a webinar to survey the latest trends in class action litigation in the financial services sector. We’ll also address recent litigation against the Consumers Financial Protection Bureau (CFPB) late fee rule and the recent District Court decision ruling the Corporate Transparency Act unconstitutional.
Guest speakers include: Fred Burnside and Chris Walczyszyn (Davis Wright Tremaine LLP).

There is no fee to participate. This complimentary webinar is open to NASCUS members as part of our ongoing series of special L&R Calls addressing key issues in the credit union system.
Registration is required. Attendance is free as a NASCUS member benefit.
A virtual meeting link will be sent out ahead of the webinar.

Fred B. Burnside
Fred Burnside concentrates his complex civil litigation practice on matters related to class-action defense, consumer financial services, and commercial litigation. His more than two decades as an attorney is distinguished by significant victories in state and federal trial and appellate courts, particularly in actions challenging banking fees and services.
Since successfully defending a pioneer class action lawsuit over insufficient funds (NSF) fee practices, Fred has represented dozens of major financial service providers facing similar claims. He also has the rare experience of taking a financial services class action through a jury trial—and winning. With an established track record of securing outright victory or favorable settlements, Fred has become the go-to attorney for consumer financial service providers facing class action lawsuits challenging fees charged by banks and credit unions.
His leadership at DWT includes serving as the co-chair of the Class Action Defense group and co-chair of the Consumer Financial Services Litigation industry team, and he previously served as the firm’s Deputy Chair of the Litigation Department, Executive Committee member, and on the firm’s Share (Compensation) Committee. He is a co-chair of the ABA’s Annual National Institute on Class Actions, editor of the ABA Class Action Committee’s Annual Survey of State Class Action Litigation, and a member of the American Law Institute.

Chris Walczyszyn

Chris Walczyszyn advises banks, fintechs, and other financial industry clients on regulatory and enforcement matters related to state and federal consumer financial laws. Chris focuses his practice on responding to regulatory examinations and defending government enforcement actions. He has experience representing various financial institutions before the Consumer Financial Protection Bureau (CFPB), the U.S. Department of Justice, the Federal Reserve Board, and other federal and state regulators.
Chris also counsels clients in the lending, payments, e-commerce, and consumer financial spheres on compliance with a range of laws including ECOA, TILA, EFTA, GLBA, FCRA, ESIGN, and laws prohibiting unfair, deceptive, or abusive acts or practices.

2024 Iowa Superintendent’s Day: Board Chair Forum
2024-05-21 08:30 - 15:00 (America/New_York)
Join Superintendent Katie Averill, the National Association of State Credit Union Supervisors (NASCUS), and special guests on Tuesday, May 21, 2024, for Superintendent’s Day: Board Forum in Des Moines, IA.

You are invited to join us for an event crafted especially for all Iowa Credit Union Board Members. This event will include colleague interaction and professional presentations on topics, such as:

Welcome Remarks by Doug Ommen, Director, Department of Insurance and Financial Services
Best Practices, Board Responsibilities, and Succession Planning with Jill Nowacki, President/CEO, Humanidei
Iowa Economic Report with Debi Durham, Director of the Iowa Economic Development Authority (IEDA)
National Issues Update with Brian Knight, President and CEO of NASCUS
BSA/AML* for Directors with Kevin Gorman, Director of Examinations, Iowa Division of Credit Unions
*Qualifies as a training requirement

This event is open to all credit union board members.
Location: Iowa Economic Development Authority
Mississippi Conference Room
1963 Bell Avenue, Suite 200
Des Moines, Iowa 50315
Pricing: $250 per person

Sponsored by:

2024 Washington Examiner School
2024-05-22 - 2024-05-23
Join Us on May 22–23, 2024, in Tumwater, WA

Training for examiners is paramount to stay abreast of the latest industry trends and technologies. This event offers examiners a customized chance to enhance their critical skills and deepen their comprehension of a core set of subjects.

As technology and methodologies continue to advance, it is essential to guarantee that examiners possess the requisite expertise and abilities to navigate a swiftly evolving landscape in various domains, including compliance, market risk, national concerns, and loan profitability.

Cost to attend: $800 per person
Location:
Washington State Department of Financial Institutions
150 Israel Rd SW
Tumwater, WA 98501

2024 Cannabis Banking Symposium
2024-06-11 - 2024-06-12 | Westin Long Beach, 333 E Ocean Blvd.,, Long Beach, CA, 90802, United States
Registration Now Open: June 11–12, 2024
The National Association of State Credit Union Supervisors (NASCUS) invites you to our signature cannabis banking event. Network with state and federal regulators, credit union leaders, cannabis experts, and industry stakeholders in a two-day, collaborative deep-dive into the cannabis banking landscape.
Each credit union must thoroughly comprehend the complex policy queries linked to permitting or refusing entry into the cannabis industry. Similarly, each examiner must possess a functional familiarity with the cannabis industry licensed by the state to assess a credit union’s actual risk profile in states where marijuana has been legalized.
To keep up-to-date with the latest advancements in marijuana and hemp banking, including the future of legalization, compliance, and the overall direction, join us June 11–12 in Long Beach California at the NASCUS Cannabis Symposium. Other sessions will delve into board governance, with insights gained from successful and challenging programs. Throughout the symposium, attendees will learn about the crucial role of vendors in improving programs and how to determine whether third-party assistance or self-contained compliance is the best option. Moreover, the symposium will explore the areas of compliance and audit, which are critical to financial institutions and examiners.

Pricing: $750 members – $950 non-members
Location: The Westin Long Beach
333 East Ocean Boulevard, Long Beach, California 90802
Room Rate: $239, hotel block closes on May 20, 2024
Click here to access the hotel booking site

Thank You, Sponsors

L&R Committee Webinar Series: CFPB Proposed Data Privacy Rule & Open Banking
2024-06-17 14:00 - 15:00 (America/New_York) | Virtual
CFPB Proposed Data Privacy Rule & Open Banking Webinar
Join Us on June 17, 2024, from 2:00 pm – 3:00 pm EST
NASCUS is pleased to announce the next topic in our annual series of complimentary webinars for all members, focusing on the CFPB’s proposed data privacy rule and related “open banking” issues. This webinar, presented by the K&L Gates law firm, will provide an in-depth review of the CFPB’s data privacy rights proposal, emphasizing the implications for credit union compliance and addressing unresolved questions. Additionally, the session will explore the broader concept of open banking, comparing potential developments in the US with existing implementations in the European Union.
As open banking is poised to become a significant aspect of the US financial system, this session is an invaluable resource for credit union examiners and executives. It will equip them with the knowledge necessary to navigate and engage effectively with these emerging issues.
This complimentary webinar is open to NASCUS members as part of our ongoing series of special L&R Calls addressing key issues in the credit union system. Attendance is free as a NASCUS member benefit, but registration is required.
A virtual meeting link will be sent out ahead of the webinar.

Guest speakers will include:
Andrew Glass, Partner, K&L Gates
Andrew Glass advises businesses in achieving integrated, multi-disciplinary solutions to managing risk. Andrew and his project teams work closely with clients’ business lines, and their legal, compliance, and information technology departments, to navigate complex regulatory areas. Andrew provides regulatory-compliance advice and policy and procedure review. He oversees audits and internal investigations and responds to government investigations.
Andrew defends complex litigation including class actions. He counsels companies in the financial services, energy, media and telecommunications, manufacturing, and consumer product industries. His multi-faceted approach to problem-solving delivers seamless solutions to clients’ legal challenges.

Greg Blase, Partner, K&L Gates
Greg Blase advises clients on the development of integrated solutions for risk mitigation in industries that have consumer-facing business operations. He counsels companies to identify regulatory and litigation risk and to advise in-house legal departments and management on best practices for responding to that risk. Greg’s clients include leading companies in the financial services, energy, media and telecommunications, manufacturing, and consumer products industries.
Greg provides regulatory-compliance advice and policy and procedure review. He oversees audits and internal investigations and responds to government investigations. Greg defends complex litigation including class actions. He takes a holistic approach to addressing legal risk, recognizing the importance of bringing stakeholders together to solve problems collectively.

L&R Committee Webinar Series: Best Practices for Analyzing Returns with LoanStreet
2024-07-15 14:00 - 15:00 (America/New_York) | Virtual
Join Us on July 15, 2024 from 2:00 pm – 3:00 pm

NASCUS is pleased to announce the next topic in our series of complimentary webinars for all members.
Our guest speaker, LoanStreet CEO Ian Lampl, will join us for a webinar dedicated to helping credit unions analyze their returns more effectively. While boards and loan officers tend to focus on one element of loan performance — charge-offs — Ian will show why it’s critical not to overlook an often underestimated element that can significantly impact returns: prepayments.
In addition, Ian will explain how to overcome the challenge of determining the lifetime return rate of a credit union’s investments—especially investments with irregular cash flow patterns. Ian will discuss the concepts and mechanics behind the Internal Rate of Return (IRR) and the advantages it offers loan portfolio managers over other return rates commonly used by credit unions.
This webinar will help you understand how and why you should incorporate prepayment rate analysis and IRR into your portfolio evaluation. This offering is part of our ongoing series of special L&R Calls addressing key issues in the credit union system, is a unique opportunity for NASCUS members to gain valuable insights from industry leaders.

Attendance is free as a NASCUS member benefit. Registration is required.
A virtual meeting link will be sent out ahead of the webinar.

Guest Speaker: Ian Lampl, Founder & CEO, LoanStreet
Ian Lampl is the co-founder and CEO of LoanStreet Inc., an innovative online platform that helps financial institutions to manage, scale and analyze loans on their balance sheets, connect with partners and effectively share risk.
Prior to launching LoanStreet, Ian served as Deputy Chief Counsel for the Office of Financial Stability which implemented the Troubled Asset Relief Program (TARP) for the United States Department of the Treasury. While at Treasury, Ian developed and managed a number of the Treasury programs to stem the financial crisis. For his work, he received the Treasury Secretary’s honor award for exemplary public service.
Ian is recognized as an industry leader in loan participations and is a frequent speaker at banking, credit union, and financial technology conferences. Before joining Treasury, Ian was an attorney at Cravath, Swaine & Moore LLP, where he focused on commercial lending and securities offerings. He graduated with honors from both University of Chicago Law School and Princeton University, where he received a B.S.E. in Electrical Engineering.
