Corporate CU

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...

Summary: CFPB Statement of Policy on Applications for Early Termination of Consent Orders

CFPB Summary re: Statement of Policy on Applications for Early Termination of Consent Orders 12 CFR Chapter X The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs...

Summary — Interagency Proposed Rule re: Role of Supervisory Guidance

12 CFR Part 1074 (CFPB) Prepared by NASCUS Legislative and Regulatory Affairs Division November 2020 The OCC, Board, FDIC, NCUA and Bureau (collectively, “the agencies”) are inviting comment on a...

NASCUS Current State of FCU FOM Webinar (Members only)

NASCUS Current State of FCU FOM Webinar (Members only) Click on the link above to obtain access to the recording of the webinar on field of membership.

Summary: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market

CFPB Summary re: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market Docket No. CFPB 2020-0027 The Consumer Financial Protection Bureau...

Presentation from 2020 Virtual Summit

Click on this link for the presentation by John Lass and C. Alan Peppers (members only)

Summary: Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 NCUA and the other federal banking agencies (FBAs) have issued a joint statement updating their guidance regarding how they evaluate...

Summary: FinCEN Final Rule — BSA, CIP, BSA Programs, and Beneficial Owner Rules for PICUs

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 FinCEN has issued a final rule applying BSA compliance program requirements to privately insured credit unions (PICUs) and other financial...

Summary: Joint Statement on Additional Loan Accommodations Related to COVID-19

Joint Statement Summary Joint Statement on Additional Loan Accommodations Related to COVID-19 August 2020 The Federal Financial Institutions Examination Council (FFIEC) has issued a Joint Statement to provide prudent risk...

Summary: Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Laura and California Wildfires

Joint Statement Summary Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Laura and California Wildfires September 2020 NCUA, the Federal...

Summary: Anti-Money Laundering Program Effectiveness

FinCEN                                              Advance Notice of Proposed Rulemaking (ANPR) Anti-Money Laundering Program Effectiveness              Summary Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020  The Financial Crimes Enforcement Network (FinCEN) has issued...