Credit Union Advisory Council Member

Extent to Which Model Risk Management Principles Support Compliance with BSA/AML & OFAC

Request for Information & Comment: Extent to Which Model Risk Management Principles Support Compliance with BSA/AML & OFAC Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 On April 9,...

Policy for Setting the Normal Operating Level NCUSIF

 Request for Comment: Policy for Setting the Normal Operating Level NCUSIF  Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 In 2017, NCUA closed the Temporary Corporate Credit Union Stabilization Fund...

Temporary Regulatory Relief in Response to COVID–19 — Prompt Corrective Action

Interim Final Rule Summary: Temporary Regulatory Relief in Response to COVID–19 — Prompt Corrective Action Parts 702                   Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 NCUA issued an...

Summary of Report #OIG-19-11: Audit of the NCUA’s Joint Examination Process with SSAs

NCUA’s Office of Inspector General (OIG) published the results of a self-initiated audit assessing NCUA’s joint examination process with state supervisory authorities (SSAs).

NCUA Summary: Evaluating LIBOR Transition Plans

Letter to Credit Unions 21-CU-03 LIBOR Transition May 2021 NCUA issued LTCU 21-CU-03 to discuss issues related to the cessation of the publication of the London Inter-bank Offered Rate (LIBOR)...

Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning

CFPB Summary: Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning Docket No. CFPB-2021-0004 Prepared by the Legislative & Regulatory Affairs Division April 2021 The OCC, Federal Reserve...

Part 741 Compendium

This document is an integrated roadmap of Part 741. Each Section of Part 741 is listed in its entirety.

Summary: Interim Final Rule Summary Asset Thresholds

Interim Final Rule Summary Asset Thresholds (Parts 700, 702, 708a, 708b, & 790) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 To help credit unions manage the accelerated...

Summary: Proposal to Delay the Mandatory Compliance Date of QM Definition Final Rule

Summary: Proposal to Delay the Mandatory Compliance Date of QM Definition Final Rule 12 CFR Part 1026 Prepared by the Legislative and Regulatory Affairs Division  March 2021   The Bureau...

Summary: Joint Ownership Share Accounts

Final Rule Summary: Joint Ownership Share Accounts (Part 745) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA has issued a final rule amending its rules regarding what...

Summary: Corporate Credit Unions

Final Rule Summary: Corporate Credit Unions (Part 704)                      Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA has...

Summary: NCUA 2021 Regulatory Review

Summary: NCUA 2021 Regulatory Review Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 The NCUA maintains a rolling review schedule that identifies 1/3 of the agency’s existing regulations...