Regulator Board Member

Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D)

Final Rule Summary: Role of Supervisory Guidance (Part 791, Subpart D) Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA has finalized a rule codifying the Interagency Statement...

Central Liquidity Facility (Part 725)

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...

NCUA Letter to Credit Unions 24-CU-01: NCUA’s 2024 Supervisory Priorities

Letter to Credit Unions 24-CU-01: NCUA’s 2024 Supervisory Priorities NASCUS Legislative and Regulatory Affairs Department January 24, 2024 On January 22, 2024, the NCUA issued Letter to Credit Unions 24-CU-01 outlining...

Summary: Treasury Final Revised CDFI Certification Application

Final Revised CDFI Certification Application U.S. Department of Treasury NASCUS Legislative and Regulatory Affairs Department December 26, 2023 On December 7, 2023, the Community Development Financial Institution (CDFI) Fund released...

NCUA 2024 FINAL Budget Summary

 NCUA Final 2024 Budget Summary NASCUS Legislative and Regulatory Affairs Department December 19, 2023 The NCUA Board approved a $394.5 million 2024 proposed budget[1] posted on October 26, 2023.  NASCUS...

Summary: FinCEN Alert on COVID-19 Employee Retention Credit Fraud

FinCEN Alert on COVID-19 Employee Retention Credit Fraud FIN-2023-Alert007 NASCUS Legislative and Regulatory Affairs Department December 5, 2023 On November 22, 2023, FinCEN, in coordination with the IRS Criminal Investigation...

NCUA Final Rule Summary: Charitable Donation Accounts

NCUA Final Rule Summary: Charitable Donation Accounts NASCUS Legislative and Regulatory Affairs Department December 4, 2023 Summary In December 2013, the NCUA Board approved the current CDA rule which permits Federal...

Final Rule Summary FinCEN: Beneficial Ownership Information Reporting Deadline Extension for Reporting Companies Created or Registered in 2024

Final Rule Summary FinCEN: Beneficial Ownership Information Reporting Deadline Extension for Reporting Companies Created or Registered in 2024 NASCUS Legislative and Regulatory Affairs Department November 30, 2023 Background On September...

Proposed Rulemaking and Request for Comment NCUA Parts 701, 741, 746, 748, and 752: Fair Hiring in Banking

Notice of Proposed Rulemaking and Request for Comment NCUA Parts 701, 741, 746, 748, and 752: Fair Hiring in Banking NASCUS Legislative and Regulatory Affairs Department November 30, 2023 The...

Summary on the CFPB Proposed Rule on Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications

Summary re: CFPB Proposed Rule on Defining Larger Participants of a Market for General-Use Digital Consumer Payment Applications 12 CFR Part 1090 The Consumer Financial Protection Bureau (CFPB) proposes a...

FinCEN: Use of FinCEN Identifiers in Beneficial Ownership Information Reporting

Final Rule Summary FinCEN: Use of FinCEN Identifiers in Beneficial Ownership Information Reporting NASCUS Legislative and Regulatory Affairs Department November 28, 2023 On November 7, 2023, FinCEN issued a final...

FinCEN: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing

Notice of Proposed Rulemaking and Request for Comment FinCEN: Proposal of Special Measure Regarding Convertible Virtual Currency Mixing, as a Class of Transactions of Primary Money Laundering Concern NASCUS Legislative...