Credit Union Advisory Council Member
Unanticipated Overdraft Fee Assessment Practices
Summary re: CFPB Consumer Financial Protection Circular 2022-06: Unanticipated Overdraft Fee Assessment Practices 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2022-06,...
CISA Guidance Summary: Implementing Phishing-Resistant MFA—Implementing Number Matching in MFA Applications
CISA Guidance Summary: Implementing Phishing-Resistant MFA — Implementing Number Matching in MFA Applications NASCUS Legislative and Regulatory Affairs Department November 10, 2022 The Cybersecurity & Infrastructure Security Agency (CISA), a subordinate...
CFPB Notice and Request for Comment Regarding the CFPB’s Inquiry Into Big Tech Payment Platforms
Summary re: CFPB Notice and Request for Comment Regarding the CFPB’s Inquiry Into Big Tech Payment Platforms The Bureau ordered six large technology companies operating payments systems in the United...
Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices
Summary re: CFPB Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices 12 CFR Chapter X A returned deposited item is a check that a consumer deposits into their checking...
Advisory Opinion on Fair Credit Reporting; Facially False Data
CFPB Summary re: Advisory Opinion on Fair Credit Reporting; Facially False Data 12 CFR Part 1022 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to highlight that a...
Final Rule: Beneficial Ownership Information Reporting Requirements
Final Rule Summary FinCEN: Beneficial Ownership Information Reporting Requirements NASCUS Legislative and Regulatory Affairs Department October 31, 2022 On September 30, 2022, the Financial Crimes Enforcement Network (FinCEN), issued a...
Debit Card Interchange Fees and Routing
Rule Summary: FRB 12 CFR Part 235; Regulation II; Debit Card Interchange Fees and Routing NASCUS Legislative and Regulatory Affairs Department November 1, 2022 The Board of Governors adopted a final...
Federal Insurance Response to Catastrophic Cyber Incidents
Treasury Request for Comment Summary: Federal Insurance Response to Catastrophic Cyber Incidents In response to a Government Accountability Office report, the Federal Insurance Office in the Department of Treasury issued...
Request for Information on the Cyber Incident Reporting for Critical Infrastructure Act of 2022
Summary re: Department of Homeland Security’s Request for Information on the Cyber Incident Reporting for Critical Infrastructure Act of 2022 CISA issued a Request for Information to receive input from...
Request for Information Regarding Mortgage Refinances and Forbearances
CFPB Summary: Request for Information Regarding Mortgage Refinances and Forbearances The Consumer Financial Protection Bureau (CFPB) is seeking comment from the public about (i) ways to facilitate mortgage refinances for...
Notice of Proposed Rulemaking: Subordinated Debt
Notice of Proposed Rulemaking and Request for Comment NCUA: Subordinated Debt NASCUS Legislative and Regulatory Affairs Department October 5, 2022 At the September 22, 2022, NCUA Board meeting, the Board...
Federal Credit Union Bylaws Relating to Expulsion of a Member
NCUA Proposed Rule Summary: Federal Credit Union Bylaws Relating to Expulsion of a Member NASCUS Legislative and Regulatory Affairs Department September 27, 2022 During the September 22, 2022, NCUA Board Meeting, the...