Credit Union

Summary: Federal Reserve Bd Part 204: Reserve Requirements of Depository Institutions

Federal Reserve Interim Final Rule  Regulation D                                   Part 204: Reserve Requirements of Depository Institutions  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 The Board of Governors...

Summary: Interagency Lending Principles for Offering Responsible Small-Dollar Loans

Interagency Lending Principles for Offering Responsible Small-Dollar Loans May 2020 NCUA and the federal banking agencies (Federal Reserve System, FDIC, and OCC) have published “principles” to encourage banks and credit...

Letter to Credit Unions 20-CU-16 Low-Income Designations: Qualification of Military Personnel May 2020 NCUA has announced it is changing the agency’s approach to determining whether a credit union qualifies for...

Summary: Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans

Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans May 2020 NCUA issued LTCU 20-CU-15 to discuss interagency guidance issued together with the Federal Reserve System, FDIC, and...

Summary: Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods

Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods May 2020 NCUA’s Regulatory Alert discussed the CFPB’s interpretive rule clarifying when consumers can elect...

Summary: Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA

Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA May 2020 NCUA’s Regulatory Alert discusses the May 12, 2020 CFPB final rule amending parts of Regulation C which implement the Home Mortgage...

NCUA Final Rule: Part 722 Appraisals

NCUA Final Rule  Part 722                       Appraisals  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020  NCUA has published a final rule amending Part 772 regarding appraisals for certain...

Summary: CFPB Debt Collection Practices (Regulation F)

Summary: CFPB Debt Collection Practices (Regulation F) 12 CFR Part 1006 The Consumer Financial Protection Bureau (CFPB) Prepared by the Legislative and Regulatory Affairs Department May 2020 The Consumer Financial...

Summary: NCUA Interim Final Rule Parts 702 & 723 PPP Loans & PCA and MBL         

NCUA Interim Final Rule Parts 702 & 723                  PPP Loans & PCA and MBL  Summary Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020  NCUA issued this interim final...

Summary: CFPB Bulletin 2020-02 “Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers”

Summary: CFPB Bulletin 2020-02 “Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers” 12 CFR Part 1024 The Consumer Financial Protection Bureau (CFPB) Prepared by...

NASCUS State System Profile

2021 Update Coming Soon. The 2016 NASCUS State System Profile is a digital reference that profiles state credit union regulatory agencies—their structure, funding, personnel, examination programs—and outlines key state credit union...

Summary CFPB Bulletin 2020-01

CFPB Bulletin 2020-01 March 2020 Responsible Business Conduct: Self-Assessing, Self-Reporting, Remediating and Cooperating In 2013, the Bureau issued a Bulletin that identified several activities that individuals/businesses could engage in that...