Credit Union Advisory Council Member

Request for Information Regarding Relationship Banking and Customer Service

CFPB Summary re: Request for Information Regarding Relationship Banking and Customer Service Docket No. CFPB 2022 0040 The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related...

NASCUS Comments on Uniform Rules of Practice and Procedure (RIN 3133-AF37)

June 13, 2022 Melane Conyers-Ausbrooks Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: NASCUS Comments on Uniform Rules of Practice and Procedure (RIN...

Federally Insured Credit Union Use of Distributed Ledger Technologies

NCUA Letter to Credit Unions 22-CU-07: Federally Insured Credit Union Use of Distributed Ledger Technologies NCUA has issued LTCU 22-CU-07 to address the increased use of financial technology by credit...

Summary Guidance: Interagency Question and Answers Regarding Flood Insurance

Summary Guidance: Interagency Question and Answers Regarding Flood Insurance Prepared by NASCUS Legislative & Regulatory Affairs Department May 2022 NCUA, together with the OCC, Federal Reserve Board, the FDIC, and...

Equal Credit Opportunity Act (Reg. B) Revocations/Change of Terms

CFPB Summary: Advisory Opinion re: Equal Credit Opportunity Act (ECOA) Revocations/Change of Terms 12 CFR Part 1002 The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to affirm that...

Summary: Rules of Practice and Procedure

Joint Proposed Rule Summary: Rules of Practice and Procedure NASCUS Legislative and Regulatory Affairs Department | May 14, 2022 The NCUA, OCC, FDIC, and Federal Reserve have published a joint Notice...

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations April 2022 Based on new guidance from the Centers for Disease Control and Prevention (CDC) and...

Letter to Credit Unions 22-FCU-02: Final Rule on Definition of Service Facility

Letter to Credit Unions 22-FCU-02: Final Rule on Definition of Service Facility March 2022 The final rule amending the definition of “service facility” for multiple common-bond FCUs became effective December 27,...

Summary: Federal Reserve Board Discussion Paper “Money and Payments: The U.S. Dollar in the Age of Digital Transformation”

Federal Reserve Board Issues Discussion Paper: “Money and Payments: The U.S. Dollar in the Age of Digital Transformation” January 2022 SUMMARY In January, the Federal Reserve Board (Fed) issued a...

NCUA Risk Alert: Heightened Risk of Social Engineering and Phishing Attacks

NCUA Risk Alert: 22-RISK-01 Heightened Risk of Social Engineering and Phishing Attack March 2022 The on-going conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those...

Summary: Notice and Request for Comment Regarding the CFPB’s Inquiry Into Buy-Now-Pay-Later (BNPL) Providers

CFPB-2022-0002: Notice and Request for Comment Regarding CFPB’s Inquiry into Buy-Now-Pay-Later (BNPL) Providers In December 2021, the Consumer Financial Protection Bureau (CFPB) opened market monitoring orders, inquiring into Buy-Now-Pay-Later (BNPL)...

Letter to Credit Unions: 22-CU-02 NCUA’s 2022 Supervisory Priorities

Letter to Credit Unions 22-CU-02 NCUA’s 2022 Supervisory Priorities January 2022 NCUA’s Letter to Credit Unions (LTCU) 22-CU-02 identifies the agency’s supervisory priorities for 2022, which include: Credit Risk Management...