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Final Rule: Corporate Credit Unions (Part 704)

Final Rule: Corporate Credit Unions (Part 704) Prepared by NASCUS Legislative & Regulatory Affairs Department December 2020 NCUA has issued a final rule amending its corporate credit union regulations in...

ANPR, Simplification of the RBC Requirements (Parts 702 & 703)

Summary: ANPR, Simplification of the RBC Requirements (Parts 702 & 703) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA has published an Advance Notice of Proposed Rulemaking...

Proposed rule, Risk Based Net Worth – COVID 19 Relief; Complex credit union threshold (Part 702)

Summary: Proposed rule, Risk Based Net Worth – COVID 19 Relief; Complex credit union threshold (Part 702) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA is proposing...

NCUA Proposed Rule BSA Part 748

Summary: NCUA Proposed Rule BSA Part 748 Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is proposing to provide, on a case-by-case basis, exemptions from SAR filing...

Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D)

Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA has finalized a rule codifying the Interagency Statement...

Central Liquidity Facility (Part 725)

Interim Final Rule Summary: Central Liquidity Facility (Part 725) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA issued an Interim Final Rule (IFR) extending enhancements to the...

FinCEN: Use of FinCEN Identifiers in Beneficial Ownership Information Reporting

Final Rule Summary FinCEN: Use of FinCEN Identifiers in Beneficial Ownership Information Reporting NASCUS Legislative and Regulatory Affairs Department November 28, 2023 On November 7, 2023, FinCEN issued a final...

Summary of NCUA Notice and Request for Comment on the Existing Operating Fee Schedule Methodology

NASCUS Legislative and Regulatory Affairs Department July 10, 2023  The National Credit Union Administration (NCUA) Board has published a Notice and Request for Comment Regarding NCUA Operating Fee Schedule Methodology....

Summary: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services

CFPB 2022-0003: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to fees that...

Subordinated Debt Final Rule Effective January 1, 2022

LTCU: (21-CU-13) Subordinated Debt Final Rule Effective January 1, 2022  November 2021 NCUA’s LTCU was issued to reminder to FICUs that the final subordinated debt rule (NASCUS summary here) becomes effective on...

IRS’s Volunteer Income Tax Assistance Program Collaboration Opportunities

LTCU 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities  November 2021 Credit unions have until November 15, 2021, to contact the Internal Revenue Service (IRS) to inquire...