NASCUS Staff

FinCEN Issues Compliance Guide to Help Small Business Report Beneficial Ownership Information

 FinCEN Issues Compliance Guide to Help Small Business Report Beneficial Ownership Information NASCUS Legislative and Regulatory Affairs Department September 22, 2023 As the January 1, 2024 compliance deadline looms, FinCEN...

FinCEN Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering”

FinCEN Alert on Prevalent Virtual Currency Investment Scam Commonly Known as “Pig Butchering” FIN-2023-Alert005 NASCUS Legislative and Regulatory Affairs Department September 11, 2023 On September 8, 2023, FinCEN issued an...

Letter to Credit Unions 23-CU-07: Cyber Incident Notification Requirements

Letter to Credit Unions 23-CU-07 Cyber Incident Notification Requirements NASCUS Legislative and Regulatory Affairs Department August 17, 2023  NCUA issued Letter to Credit Unions 23-CU-07 to provide additional guidance on...

2023 Meeting Minutes

December 6, 2023 August 26, 2023 May 24, 2023 February 26, 2023

2023 Meeting Materials

August 26, 2023 May 24, 2023 February 26, 2023

Final Rule Summary NCUA: Federal Credit Union Bylaws

Final Rule Summary NCUA: Federal Credit Union Bylaws NASCUS Legislative and Regulatory Affairs Department July 28, 2023 On March 15, 2022, Congress enacted the Credit Union Governance Modernization Act of...

Letter to Credit Unions 23-CU-06 Importance of Contingency Funding Plans

Letter to Credit Unions 23-CU-06 Importance of Contingency Funding Plans NASCUS Legislative and Regulatory Affairs Department August 1, 2023 On July 28, 2023, the NCUA issued Letter to Credit Unions...

Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations

Proposed Interagency Guidance with Request for Comment Interagency Guidance on Reconsiderations of Value of Residential Real Estate Valuations NASCUS Legislative and Regulatory Affairs Department July 25, 2023 On July 21,...

NCUA: Minority Depository Institution Preservation Program Proposed Interpretive Ruling and Policy Statement

Minority Depository Institution Preservation Program Proposed Interpretive Ruling and Policy Statement National Credit Union Administration NASCUS Legislative and Regulatory Affairs Department July 28, 2023 In 2015, the NCUA Board approved...

CFPB Summary: Interagency Proposal on Quality Control Standards for Automated Valuation Models

CFPB Summary re: Interagency proposal on quality control standards for automated valuation models The OCC, Board, FDIC, NCUA, CFPB, and FHFA invite comment on a proposed rule to implement the...

Summary of NCUA Letter 23-CU-05: Interagency Commercial Real Estate Loan Accommodations and Workouts

NASCUS Legislative and Regulatory Affairs Department July 10, 2023 On, June 29, 2023, the National Credit Union Administration (NCUA) issued Letter to Credit Unions 23-CU-05: Commercial Real Estate Loan Accommodations...

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

NASCUS Legislative and Regulatory Affairs Department July 10, 2023  The National Credit Union Administration (NCUA) Board has published a Notice and Request for Comment Regarding NCUA Operating Fee Schedule Methodology....