Retired

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...

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...

Summary: Regulatory Alert 20-RA-09 2021 Exemption Thresholds Adjustments Under the Truth in Lending Act (Regulation Z) and the Consumer Leasing Act

Regulatory Alert 20-RA-09 2021 Exemption Thresholds Adjustments Under the Truth in Lending Act (Regulation Z) and the Consumer Leasing Act December 2020 NCUA’s Regulatory Alert notifies credit unions of the...

Summary: CFPB Statement of Policy on Applications for Early Termination of Consent Orders

CFPB Summary re: Statement of Policy on Applications for Early Termination of Consent Orders 12 CFR Chapter X The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs...

Summary — Interagency Proposed Rule re: Role of Supervisory Guidance

12 CFR Part 1074 (CFPB) Prepared by NASCUS Legislative and Regulatory Affairs Division November 2020 The OCC, Board, FDIC, NCUA and Bureau (collectively, “the agencies”) are inviting comment on a...

NASCUS Current State of FCU FOM Webinar (Members only)

NASCUS Current State of FCU FOM Webinar (Members only) Click on the link above to obtain access to the recording of the webinar on field of membership.

Summary: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market

CFPB Summary re: CARD Act Rules Review Pursuant to the Regulatory Flexibility Act; Request for Information Regarding consumer Credit Card Market Docket No. CFPB 2020-0027 The Consumer Financial Protection Bureau...

Presentation from 2020 Virtual Summit

Click on this link for the presentation by John Lass and C. Alan Peppers (members only)

Summary: Federal Banking Agencies Issue Joint Statement on Enforcement of Bank Secrecy Act/Anti-Money Laundering Requirements

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 NCUA and the other federal banking agencies (FBAs) have issued a joint statement updating their guidance regarding how they evaluate...

Summary: FinCEN Final Rule — BSA, CIP, BSA Programs, and Beneficial Owner Rules for PICUs

Prepared by NASCUS Legislative & Regulatory Affairs Department September 2020 FinCEN has issued a final rule applying BSA compliance program requirements to privately insured credit unions (PICUs) and other financial...