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Summary: NCUA Notice and Request for Comment on the Existing Operating Fee Schedule Methodology

 Summary of NCUA Notice and Request for Comment on the Existing Operating Fee Schedule Methodology NASCUS Legislative and Regulatory Affairs Department June 26, 2023 The National Credit Union Administration (NCUA)...

NCUA Proposed Rulemaking Part 721: Charitable Donation Accounts

Notice of Proposed Rulemaking and Request for Comment NCUA Part 721: Charitable Donation Accounts NASCUS Legislative and Regulatory Affairs Department June 12, 2023 The National Credit Union Administration (NCUA) has...

CFPB Proposed Rule on Residential Property Assessed Clean Energy Financing (Regulation Z)

Summary re: CFPB Proposal on Residential Property Assessed Clean Energy Financing (Regulation Z) 12 CFR Part 1026 Section 307 of EGRRCPA (Economic Growth Regulatory Relief and Consumer Protection Act) directs...

Summary: U.S. Department of Treasury De-Risking Strategy Report

U.S. Department of Treasury De-Risking Strategy Report NASCUS Legislative and Regulatory Affairs Department May 31, 2023 Background Section 6215 of the Anti-Money Laundering Act of 2020 (AMLA) requires the Department...

U.S. Department of Treasury Illicit Finance Risk Assessment of Decentralized Finance

Summary U.S. Department of Treasury: Illicit Finance Risk Assessment of Decentralized Finance NASCUS Legislative and Regulatory Affairs Department May 31, 2023 Background On April 6, 2023, the US Department of...

Circular 2023-02: Reopening Previously Closed Deposit Accounts 

Summary of CFPB Circular 2023-02: Reopening Previously Closed Deposit Accounts May 2023 The Consumer Financial Protection Bureau (CFPB) issued Circular 2023-02 to make clear that financial institutions that unilaterally reopen...

CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time Barred Debts

Summary of CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time-Barred Debts 12 CFR Part 1006 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to affirm...

CFPB Executive Summary of the Small Business Lending Rule

Summary re: CFPB Executive Summary of the Small Business Lending Rule Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile...

CFPB Statement of Policy Regarding Prohibition on Abusive Acts or Practices 

Summary: CFPB Statement of Policy Regarding Prohibition on Abusive Acts or Practices  12 CFR Chapter X The Consumer Financial Protection Act (CFPA) prohibits any “covered person” or “service provider” from...

Summary of NCUA Letter 23-CU-04: Interagency Policy Statement on Allowances for Credit Losses

Summary of NCUA Letter 23-CU-04: Interagency Policy Statement on Allowances for Credit Losses (Revised April 2023) NASCUS Legislative and Regulatory Affairs Department April 25, 2023 The National Credit Union Administration,...

Final Rule Summary NCUA: Subordinated Debt

Final Rule Summary NCUA: Subordinated Debt NASCUS Legislative and Regulatory Affairs Department March 24, 2023 The NCUA Board has issued a final rule amending the Subordinated Debt Rule, which was finalized...

Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act

Summary re: CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issued...