Credit Union

Summary: Corporate Credit Unions

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

NASCUS Current State of FCU FOM Webinar (Members only)

NASCUS Current State of FCU FOM Webinar (Members only) Click on the link above to obtain access to the recording of the webinar on field of membership.

Summary: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market

CFPB Summary re: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market Docket No. CFPB 2020-0027 The Consumer Financial Protection Bureau...

Presentation from 2020 Virtual Summit

Click on this link for the presentation by John Lass and C. Alan Peppers (members only)

Summary: Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 NCUA and the other federal banking agencies (FBAs) have issued a joint statement updating their guidance regarding how they evaluate...

Summary: FinCEN Final Rule — BSA, CIP, BSA Programs, and Beneficial Owner Rules for PICUs

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 FinCEN has issued a final rule applying BSA compliance program requirements to privately insured credit unions (PICUs) and other financial...

Summary: Joint Statement on Additional Loan Accommodations Related to COVID-19

Joint Statement Summary Joint Statement on Additional Loan Accommodations Related to COVID-19 August 2020 The Federal Financial Institutions Examination Council (FFIEC) has issued a Joint Statement to provide prudent risk...

Summary: Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Laura and California Wildfires

Joint Statement Summary Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Laura and California Wildfires September 2020 NCUA, the Federal...

Summary: Anti-Money Laundering Program Effectiveness

FinCEN                                              Advance Notice of Proposed Rulemaking (ANPR) Anti-Money Laundering Program Effectiveness              Summary Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020  The Financial Crimes Enforcement Network (FinCEN) has issued...

Summary: CFPB Proposed Rule re: TILA Definition for Seasoned Qualified Mortgage Loan Definition

Summary: CFPB Proposed Rule re: TILA Definition for Seasoned Qualified Mortgage Loan Definition 12 CFR Part 1026 The Consumer Financial Protection Bureau Prepared by the Legislative & Regulatory Affairs Department...

Summary:  CFPB Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): General QM Loan Definition 12 CFR Part 1026

Summary:  CFPB Proposed Rule re: Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): General QM Loan Definition 12 CFR Part 1026 The Consumer Financial Protection Bureau Prepared...

Summary: NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes

NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes August 2020 NCUA issued Risk Alert 20-RA-02 to inform credit unions about fraud risks associated with the COVID-19 pandemic. The economic dislocation resulting...