SSA Senior Staff

NASCUS Comments on Uniform Rules of Practice and Procedure (RIN 3133-AF37)

June 13, 2022 Melane Conyers-Ausbrooks Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: NASCUS Comments on Uniform Rules of Practice and Procedure (RIN...

Federally Insured Credit Union Use of Distributed Ledger Technologies

NCUA Letter to Credit Unions 22-CU-07: Federally Insured Credit Union Use of Distributed Ledger Technologies NCUA has issued LTCU 22-CU-07 to address the increased use of financial technology by credit...

Summary Guidance: Interagency Question and Answers Regarding Flood Insurance

Summary Guidance: Interagency Question and Answers Regarding Flood Insurance Prepared by NASCUS Legislative & Regulatory Affairs Department May 2022 NCUA, together with the OCC, Federal Reserve Board, the FDIC, and...

Equal Credit Opportunity Act (Reg. B) Revocations/Change of Terms

CFPB Summary: Advisory Opinion re: Equal Credit Opportunity Act (ECOA) Revocations/Change of Terms 12 CFR Part 1002 The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion to affirm that...

Summary: Rules of Practice and Procedure

Joint Proposed Rule Summary: Rules of Practice and Procedure NASCUS Legislative and Regulatory Affairs Department | May 14, 2022 The NCUA, OCC, FDIC, and Federal Reserve have published a joint Notice...

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations April 2022 Based on new guidance from the Centers for Disease Control and Prevention (CDC) and...

Letter to Credit Unions 22-FCU-02: Final Rule on Definition of Service Facility

Letter to Credit Unions 22-FCU-02: Final Rule on Definition of Service Facility March 2022 The final rule amending the definition of “service facility” for multiple common-bond FCUs became effective December 27,...

Summary: Federal Reserve Board Discussion Paper “Money and Payments: The U.S. Dollar in the Age of Digital Transformation”

Federal Reserve Board Issues Discussion Paper: “Money and Payments: The U.S. Dollar in the Age of Digital Transformation” January 2022 SUMMARY In January, the Federal Reserve Board (Fed) issued a...

NCUA Risk Alert: Heightened Risk of Social Engineering and Phishing Attacks

NCUA Risk Alert: 22-RISK-01 Heightened Risk of Social Engineering and Phishing Attack March 2022 The on-going conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those...

Summary: Notice and Request for Comment Regarding the CFPB’s Inquiry Into Buy-Now-Pay-Later (BNPL) Providers

CFPB-2022-0002: Notice and Request for Comment Regarding CFPB’s Inquiry into Buy-Now-Pay-Later (BNPL) Providers In December 2021, the Consumer Financial Protection Bureau (CFPB) opened market monitoring orders, inquiring into Buy-Now-Pay-Later (BNPL)...

Letter to Credit Unions: 22-CU-02 NCUA’s 2022 Supervisory Priorities

Letter to Credit Unions 22-CU-02 NCUA’s 2022 Supervisory Priorities January 2022 NCUA’s Letter to Credit Unions (LTCU) 22-CU-02 identifies the agency’s supervisory priorities for 2022, which include: Credit Risk Management...