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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...

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...

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...