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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...
Summary: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services
CFPB 2022-0003: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to fees that...
Letter to Credit Unions: Submission for 2021 Voluntary Credit Union Diversity Self-Assessment Extended to January 31, 2022
LTCU: (22-CU-01): Submission for 2021 Voluntary Credit Union Diversity Self-Assessment Extended to January 31, 2022 January 2022 NCUA’s LTCU was issued to extend the deadline for credit unions to submit the...
Letter to Credit Unions: Relationships with Third Parties that Provide Services Related to Digital Assets
LTCU: (21-CU-16) Relationships with Third Parties that Provide Services Related to Digital Assets December 2021 NCUA’s LTCU was issued to provide clarity about the already existing authority of federally insured credit...