SIPPS

FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities

Notice of Proposed Rulemaking and Request for Comment FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities NASCUS Legislative and Regulatory Affairs Department January 13,...

Federal Reserve/FDIC/OCC: Joint Statement on Crypto-Asset Risks to Banking Organizations

Federal Reserve/FDIC/OCC Joint Statement on Crypto-Asset Risks to Banking Organizations Summary January 8, 2023 The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation...

NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions

NCUA Proposed Rulemaking Summary 2022-0185 NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions NASCUS Legislative and Regulatory Affairs Department January 6,...

Letter to Credit Unions 22-FCU-03: Expiration of Emergency Exemption from Certain In-Person Meeting Requirements

NCUA Letter to Federal Credit Unions 22-FCU-03 NASCUS Legislative and Regulatory Affairs Department December 10, 2022 On December 7, 2022, NCUA issued NCUA Letter 22-FCU-03[1] regarding the Expiration of Emergency...

CFPB Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes

Summary re: CFPB Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued this circular to respond to...

Outline of Proposals and Alternatives Under Consideration for SBREFA: Required Rulemaking on Personal Financial Data Rights

High Level Summary and Discussion Guide of Outline of Proposals and Alternatives Under Consideration for SBREFA: Required Rulemaking on Personal Financial Data Rights Section 1033(a) of the Dodd Frank Act...

Appraisal Subcommittee; Appraiser Regulation; Temporary Waiver Requests 

Final Rule Summary: Appraisal Subcommittee; Appraiser Regulation; Temporary Waiver Requests  NASCUS Legislative and Regulatory Affairs Department November 21, 2022 The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council...

Unanticipated Overdraft Fee Assessment Practices

Summary re: CFPB Consumer Financial Protection Circular 2022-06: Unanticipated Overdraft Fee Assessment Practices 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2022-06,...

CISA Guidance Summary: Implementing Phishing-Resistant MFA—Implementing Number Matching in MFA Applications

CISA Guidance Summary: Implementing Phishing-Resistant MFA — Implementing Number Matching in MFA Applications NASCUS Legislative and Regulatory Affairs Department November 10, 2022  The Cybersecurity & Infrastructure Security Agency (CISA), a subordinate...

CFPB Notice and Request for Comment Regarding the CFPB’s Inquiry Into Big Tech Payment Platforms

Summary re: CFPB Notice and Request for Comment Regarding the CFPB’s Inquiry Into Big Tech Payment Platforms The Bureau ordered six large technology companies operating payments systems in the United...

Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices

Summary re: CFPB Bulletin 2022-06: Unfair Returned Deposited Item Fee Assessment Practices   12 CFR Chapter X  A returned deposited item is a check that a consumer deposits into their checking...

Advisory Opinion on Fair Credit Reporting; Facially False Data

CFPB Summary re: Advisory Opinion on Fair Credit Reporting; Facially False Data 12 CFR Part 1022 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to highlight that a...