Regulator

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...

CFPB Summary: Final rule, qualified mortgage loan definition

Summary of Qualified Mortgage Loan Definition Final Rule 12 CFR Part 1026 Prepared by the Legislative and Regulatory Affairs Division Feb. 5, 2021   The Bureau issued a final rule...

Summary: CFPB Seasoned Qualified Mortgage Loan Final Rule

CFPB Summary re: Seasoned Qualified Mortgage Loan Final Rule 12 CFR Part 1026 Prepared by the Legislative and Regulatory Affairs Division February 2021   The CFPB is issuing this final...

Summary: Request for Information, NCUA Communications & Transparency

Request for Information: NCUA Communications & Transparency Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is seeking comments and information on how the agency can improve its communications...

Summary: Proposed rule, CUSOs (part 712)

Proposed Rule Summary, Part 712, CUSOs Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is proposing to amend its credit union service organization (CUSO) regulation with the intention...

Summary: Proposed Rule, CAMELS Rating System

Proposed Rule Summary, CAMELS Rating System Parts 700, 701, 703, 704, 713 Prepared by NASCUS Legislative & Regulatory Affairs Department February 2021 NCUA is proposing to add the “S” (Sensitivity to...

CFPB Summary re: Debt Collection Practices (Time-Barred Debts)

CFPB Summary re: Debt Collection Practices (Time-Barred Debts) 12 CFR Part 1006 Prepared by the Legislative and Regulatory Affairs Division January 25, 2021   The Consumer Financial Protection Bureau (CFPB)...

Summary: LTCU 21-CU-02, NCUA’s Supervisory Priorities

Letter to Credit Unions 21-CU-02 NCUA’s 2021 Supervisory Priorities January 2021   NCUA’s Letter to Credit Unions (LTCU) 21-CU-02 identifies the agency’s supervisory priorities for 2021. NCUA also notes that...

Summary: LTCU 21-CU-01, Summary of the Consolidated Appropriations Act 2021

Letter to Credit Unions 21-CU-01 Summary of the Consolidated Appropriations Act 2021 January 2021   NCUA’s LTCU 21-CU-01 discusses the provisions of the Consolidated Appropriations Act, 2021 (CAA 2021) that...

Summary: Regulatory Alert 21-RA-01: CFPB Amends Ability-to-Repay/QM Rule under TILA

Regulatory Alert 21-RA-01 CFPB Amends Ability-to-Repay/QM Rule under TILA January 2021 The CFPB has issued 2 final rules amending the Ability-to-Repay/Qualified Mortgage Rule (ATR/QM Rule) in Regulation Z. Both final...

CFPB Summary: Final Rule re: Debt Collection Practices (Communications)

CFPB Summary: Final Rule re: Debt Collection Practices (Communications) 12 CFR Part 1006 Prepared by the Legislative and Regulatory Affairs Division January 2021 The Bureau issued a final rule to...

Summary: Final rule, Temporary Regulatory Relief in Response to COVID-19 — Extension

NCUA Final Rule Temporary Regulatory Relief in Response to COVID-19: Extension Summary   Prepared by NASCUS Legislative & Regulatory Affairs Department January 2021 NCUA is extending is extending the effective...