Regulator Staff

Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions

Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions April 23, 2021 NCUA issued Legal Opinion 21-3500 to address issues related to a credit union funding program in...

Final Rule Summary: Capitalization of Interest (Parts 741)

Final Rule Summary: Capitalization of Interest (Parts 741)  Prepared by NASCUS Legislative & Regulatory Affairs Department June 2021 NCUA has issued a final rule lifting the Part 741 Appendix B...

CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide...

21-RA-07 Equal Credit Opportunity Act (Regulation B) 

21-RA-07 Equal Credit Opportunity Act (Regulation B) June 2021 NCUA’s Regulatory Alert 21-RA-07 discusses the CFPB’s March 2021 interpretive rule clarifying the scope of  the prohibition against sex discrimination in...

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act

21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide...

Letter to Credit Unions: 21-CU-04 Renewal of PCA Relief

Letter to Credit Unions 21-CU-04 Renewal of PCA Relief June 2021 NCUA issued LTCU 21-CU-04 to inform credit union of the agency’s renewal of regulatory relief related to PCA rules...

Extent to Which Model Risk Management Principles Support Compliance with BSA/AML & OFAC

Request for Information & Comment: Extent to Which Model Risk Management Principles Support Compliance with BSA/AML & OFAC Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 On April 9,...

Policy for Setting the Normal Operating Level NCUSIF

 Request for Comment: Policy for Setting the Normal Operating Level NCUSIF  Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 In 2017, NCUA closed the Temporary Corporate Credit Union Stabilization Fund...

Temporary Regulatory Relief in Response to COVID–19 — Prompt Corrective Action

Interim Final Rule Summary: Temporary Regulatory Relief in Response to COVID–19 — Prompt Corrective Action Parts 702                   Prepared by NASCUS Legislative & Regulatory Affairs Department May 2021 NCUA issued an...

NCUA Summary: Evaluating LIBOR Transition Plans

Letter to Credit Unions 21-CU-03 LIBOR Transition May 2021 NCUA issued LTCU 21-CU-03 to discuss issues related to the cessation of the publication of the London Inter-bank Offered Rate (LIBOR)...

Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning

CFPB Summary: Request for Information/Comment on Financial Institutions’ Use of Artificial Intelligence/Machine Learning Docket No. CFPB-2021-0004 Prepared by the Legislative & Regulatory Affairs Division April 2021 The OCC, Federal Reserve...

Regulator Forum

A Collaboration Portal for Regulators Sept. 16, 2021 MERIT Update (PDF) PASSWORD PROTECTED: 092021RegMerit! September 16, 2021, SSA Meeting Agenda 4:00 Eastern / 3:00 Central /2:00 Mountain / 1:00 Pacific...