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Letter to Credit Unions: 21-CU-05 Interagency Statement on the Issuance of the AML/CFT National Priorities

Letter to Credit Unions 21-CU-05 Interagency Statement on the Issuance of the AML/CFT National Priorities July 2021 — NCUA issued LTCU 21-CU-05 to provide credit unions information on the issuance of AML/CFT...

Summary: Proposed rule, role of supervisory guidance (Part 791, Subpart D)

NCUA Proposed Rule, Role of Supervisory Guidance (Part 791, Subpart D) Summary Prepared by NASCUS Legislative & Regulatory Affairs Department December 2020  NCUA is proposing an addition to § 791 that would...

Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions

Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions April 23, 2021 NCUA issued Legal Opinion 21-3500 to address issues related to a credit union funding program in...

Summary: 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 § 704. The final rule addresses several...

Final Rule Summary: Capitalization of Interest (Parts 741)

Final Rule Summary: Capitalization of Interest (Parts 741)  Prepared by NASCUS Legislative & Regulatory Affairs Department June 2021 NCUA has issued a final rule lifting the Part 741 Appendix B...

Summary: Procedural rule re: Advisory Opinions Policy

CFPB Summary: Procedural rule re: Advisory Opinions Policy 12 CFR Chapter X Prepared by the Legislative and Regulatory Affairs Division  December 2020  The Consumer Financial Protection Bureau (CFPB) is issuing...

Summary — Advanced Notice of Proposed Rulemaking re: Consumer Access to Financial Records

CFPB Summary: Advanced Notice of Proposed Rulemaking re: Consumer Access to Financial Records 12 CFR Chapter X Prepared by the Legislative & Regulatory Affairs Division November 2020  Section 1033 of...

CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide...

Summary: Proposed rule, Derivatives (FCUs only)

Summary: NCUA Proposed Rule (FCUs Only); Derivatives Part 703 Prepared by NASCUS Legislative & Regulatory Affairs Department November 2020 NCUA has proposed changes to Subpart B of Part 703, NCUA’s derivatives...

21-RA-07 Equal Credit Opportunity Act (Regulation B) 

21-RA-07 Equal Credit Opportunity Act (Regulation B) June 2021 NCUA’s Regulatory Alert 21-RA-07 discusses the CFPB’s March 2021 interpretive rule clarifying the scope of  the prohibition against sex discrimination in...

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide...

Letter to Credit Unions: 21-CU-04 Renewal of PCA Relief

Letter to Credit Unions 21-CU-04 Renewal of PCA Relief June 2021 NCUA issued LTCU 21-CU-04 to inform credit union of the agency’s renewal of regulatory relief related to PCA rules...