NASCUS Staff
Summary: Procedural Rule re: Advisory Opinions Pilot
Summary: Procedural Rule re: Advisory Opinions Pilot The Consumer Financial Protection Bureau (CFPB) Prepared by the Legislative and Regulatory Affairs Department 12 CFR Chapter X July 2020 Summary: The Consumer...
Summary: RFI Strategies for Future Examination & Supervision Utilizing Digital Technology
NCUA Request for Information (RFI) Strategies for Future Examination & Supervision Utilizing Digital Technology Summary Prepared by NASCUS Legislative & Regulatory Affairs Department July 2020 NCUA has published a Request...
Summary: Part 745 (741.212 FISCUs)
NCUA Proposed Rule Part 745 (741.212 FISCUs) Joint Accounts Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 NCUA is proposing to amend its share insurance regulations,...
Summary: CFPB Advisory Opinion Proposal
Summary: CFPB Advisory Opinion Proposal 12 CFR Chapter X The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs Department July 2020 The Consumer Financial Protection Bureau invites...
Summary: Letter to Credit Unions 20-CU-21 Field of Membership Rural Districts
Letter to Credit Unions 20-CU-21 Field of Membership Rural Districts July 2020 As a result of the SCOTUS (Supreme Court of the United States) denial of the ABA appeal of...
Summary: Letter to Credit Unions 20-CU-20 – Phased Approach to On-site Operations
Letter to Credit Unions 20-CU-20 Phased Approach to On-site Operations June 2020 NCUA issued LTCU 20-CU-20 to inform stakeholders of NCUA’s current “multi-phase transition plan” for resuming its normal on-site...
Summary: Letter to Credit Unions 20-CU-19 – Additional Guidance Regarding Servicing Hemp-Related Businesses
Letter to Credit Unions 20-CU-19 Additional Guidance Regarding Servicing Hemp-Related Businesses June 2020 NCUA has issued an update to guidance for credit unions related to serving Hemp businesses. The original...
Summary: Letter to Credit Unions 20-CU-18 – PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic
Letter to Credit Unions 20-CU-18 PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic June 2020 In May, 2020, the NCUA Board approved changes to the Prompt Corrective Action (PCA) requirements...
Summary: Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act
Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the...
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...