NASCUS Staff

MERIT Beta: Massachusetts

4/12/2021 — MA-Copy of MERIT Job Aids Repository (XLSX) 4/12/2021 — MA-Copy of MERIT Scope Steps Report (XLSX) 4/12/2021 — MA-Copy of MERIT Exam Questionnaires (XLSX)

MERIT Beta: Michigan

4/8/2021 — Merit Pilot Program Feedback (PDF)

MERIT Beta

Pages and documents will be added on a continuous basis. (Page visibility limited to MERIT Beta testers only) MERIT Beta Tracking Log (XLSX) Click on the state name for documents...

Summary: CFPB Rule Expands Exemption from Establishing Escrow Accounts for Higher-Priced Mortgage Loans

21-RA-05: CFPB Rule Expands Exemption from Establishing Escrow Accounts for Higher-Priced Mortgage Loans March 2021 NCUA issued Regulatory Alert 21-RA-05 to provide FICUs information on the CFPB’s expansion of the...

Interim Final Rule Summary: Central Liquidity Facility (Part 725)

Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA issued an Interim Final Rule (IFR) extending enhancements to the Central Liquidity Facility (CLF) first enacted in 2020 in...

Summary: Interim Final Rule Summary Asset Thresholds

Interim Final Rule Summary Asset Thresholds (Parts 700, 702, 708a, 708b, & 790) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 To help credit unions manage the accelerated...

Summary: Proposal to Delay the Mandatory Compliance Date of QM Definition Final Rule

Summary: Proposal to Delay the Mandatory Compliance Date of QM Definition Final Rule 12 CFR Part 1026 Prepared by the Legislative and Regulatory Affairs Division  March 2021   The Bureau...

Summary: Joint Ownership Share Accounts

Final Rule Summary: Joint Ownership Share Accounts (Part 745) Prepared by NASCUS Legislative & Regulatory Affairs Department March 2021 NCUA has issued a final rule amending its rules regarding what...

Summary: Corporate Credit Unions

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

Summary: NCUA 2021 Regulatory Review

Summary: NCUA 2021 Regulatory Review Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 The NCUA maintains a rolling review schedule that identifies 1/3 of the agency’s existing regulations...