Regulator

Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act

Summary re: CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issued...

Credit Card Penalty Fees Proposal

CFPB Summary re: Credit Card Penalty Fees Proposal 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issues this proposal to amend Regulation Z, which implements the Truth in...

CFPB Compliance Bulletin and Policy Guidance 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts

Summary – CFPB Compliance Bulletin and Policy Guidance 2023-01: Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts 12 CFPB Chapter X The Consumer Financial Protection...

NCUA Notice of Proposed Rulemaking Summary: Chartering and Field of Membership

Notice of Proposed Rulemaking and Request for Comment NCUA: Chartering and Field of Membership NASCUS Legislative and Regulatory Affairs Department On February 28, 2023, the NCUA published a notice of...

Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act

Summary re: CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act 12 CFR Part 1026 The Consumer Financial Protection Bureau (CFPB) issued...

NCUA Final Rule Summary: Cyber Incident Notification Requirements for Federally Insured Credit Unions

NCUA Final Rule Summary: Cyber Incident Notification Requirements for Federally Insured Credit Unions NASCUS Legislative and Regulatory Affairs Department March 7, 2023 At the February 16, 2023, meeting, the NCUA...

Letter to Credit Unions 23-CU-02: Expansion of Permissible CUSO Activities and Associated risks

NCUA Letter 23-CU-02 Summary Expansion of Permissible CUSO Activities and Associated risks NASCUS Legislative and Regulatory Affairs Department February 7, 2023 Summary On November 26, 2021, a final rule amending...

NCUA Risk Alert: 23-RA-01 Change to HMDA’s Closed-End Loan Reporting Threshold

NCUA Risk Alert: 23-RA-01 Change to HMDA’s Closed-End Loan Reporting Threshold  NASCUS Legislative and Regulatory Affairs Department February 3, 2023 On February 2, 2023, the NCUA Board issued Risk Alert...

CFPB Request for Information Regarding Consumer Credit Card Market 

Summary re: CFPB Request for Information Regarding Consumer Credit Card Market  Docket No. CFPB-2023-0009 Section 502(a) of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or...

CFPB Circular 2023-01 – “Unlawful negative option marketing practices”

The Consumer Financial Protection Bureau issued a circular that asked if “persons” that engage in negative option marketing practices violate the prohibition on unfair, deceptive, or abusive acts or practices...

Letter to Credit Unions 23-CU-01: NCUA’s 2023 Supervisory Priorities

Letter to Credit Unions 23-CU-01 NCUA’s 2023 Supervisory Priorities NASCUS Legislative and Regulatory Affairs Department January 19, 2023 On January 18, the NCUA issued Letter to Credit Unions 23-CU-01 outlining...

Federal Reserve: Regulation D – Reserve Requirements of Depository Institutions

Final Rule Summary Federal Reserve: Regulation D – Reserve Requirements of Depository Institutions NASCUS Legislative and Regulatory Affairs Department January 17, 2023 The Board of Governors of the Federal Reserve...