Credit Union Advisory Council Member

Summary: Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Extension of Sunset Date

Summary: Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Extension of Sunset Date 12 CFR Part 1026 The Consumer Financial Protection Bureau Prepared by...

NCUA Documents

An comprehensive digest of NCUA training updates, agreements and correspondence.

Summary: Procedural Rule re: Advisory Opinions Pilot

Summary: Procedural Rule re: Advisory Opinions Pilot  The Consumer Financial Protection Bureau (CFPB)  Prepared by the Legislative and Regulatory Affairs Department 12 CFR Chapter X  July 2020 Summary: The Consumer...

Summary: RFI  Strategies for Future Examination & Supervision Utilizing Digital Technology

NCUA Request for Information (RFI)  Strategies for Future Examination & Supervision Utilizing Digital Technology  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department July 2020 NCUA has published a Request...

Summary:  Part 745 (741.212 FISCUs)        

NCUA Proposed Rule  Part 745 (741.212 FISCUs)                                                 Joint Accounts  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020  NCUA is proposing to amend its share insurance regulations,...

Summary: CFPB Advisory Opinion Proposal

Summary: CFPB Advisory Opinion Proposal 12 CFR Chapter X The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs Department  July 2020 The Consumer Financial Protection Bureau invites...

Summary: Letter to Credit Unions 20-CU-21 Field of Membership Rural Districts

Letter to Credit Unions 20-CU-21 Field of Membership Rural Districts July 2020 As a result of the SCOTUS (Supreme Court of the United States) denial of the ABA appeal of...

Summary: Letter to Credit Unions 20-CU-20 – Phased Approach to On-site Operations

Letter to Credit Unions 20-CU-20 Phased Approach to On-site Operations June 2020 NCUA issued LTCU 20-CU-20 to inform stakeholders of NCUA’s current “multi-phase transition plan” for resuming its normal on-site...

Summary: Letter to Credit Unions 20-CU-19 – Additional Guidance Regarding Servicing Hemp-Related Businesses

Letter to Credit Unions 20-CU-19 Additional Guidance Regarding Servicing Hemp-Related Businesses June 2020 NCUA has issued an update to guidance for credit unions related to serving Hemp businesses. The original...

Summary: Letter to Credit Unions 20-CU-18 – PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic

Letter to Credit Unions 20-CU-18 PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic June 2020 In May, 2020, the NCUA Board approved changes to the Prompt Corrective Action (PCA) requirements...

Summary: Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act

Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the...

Summary: Federal Reserve Bd Part 204: Reserve Requirements of Depository Institutions

Federal Reserve Interim Final Rule  Regulation D                                   Part 204: Reserve Requirements of Depository Institutions  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 The Board of Governors...