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CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time Barred Debts
Summary of CFPB Advisory Opinion re: Fair Debt Collection Practices Act and Time-Barred Debts 12 CFR Part 1006 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to affirm...
CFPB Executive Summary of the Small Business Lending Rule
Summary re: CFPB Executive Summary of the Small Business Lending Rule Section 1071 of the Dodd-Frank Act amended the Equal Credit Opportunity Act (ECOA) to require financial institutions to compile...
Letter to Credit Unions: Subordinated Debt Final Rule Effective January 1, 2022
LTCU: (21-CU-13) Subordinated Debt Final Rule Effective January 1, 2022 November 2021 NCUA’s LTCU was issued to reminder to FICUs that the final subordinated debt rule (NASCUS summary here) becomes effective on...
Letters to Credit Unions: IRS’s Volunteer Income Tax Assistance Program Collaboration Opportunities
LTCU 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities November 2021 Credit unions have until November 15, 2021, to contact the Internal Revenue Service (IRS) to inquire...
Final Rule Summary: FCU CUSOs
Final Rule Summary: FCU CUSOs (Parts 712) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA has issued a final rule related to federal credit union (FCU) credit...
Final Rule Summary: CAMELS Rating System
Final Rule Summary: CAMELS Rating System (Parts 701, 703, 704, 713) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA is updating the NCUA’s supervisory rating system from...
Subordinated Debt 2021
October 28, 2021 Melane Conyers-Ausbrooks Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: NASCUS Comments on Proposed Rule: Subordinated Debt 2021; Rin 3133-AF...
Digital Assets and Related Technologies
October 27, 2021 Melane Conyers-Ausbrooks Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: NASCUS Comments on Request for Information and Comment on Digital...
Subordinated Debt
Proposed Rule: Subordinated Debt Prepared by NASCUS Legislative & Regulatory Affairs Department October 2021 NCUA is proposing changes to the Subordinated Debt rule taking effect on January 1, 2022, to...
CFPB Issues New Specifications for its Collect Website Relating to Credit Card Data Submission
21-RA-09 CFPB Issues New Specifications for its Collect Website Relating to Credit Card Data Submission October 2021 On August 20 the CFPB issued new technical specifications for complying with credit...
Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs
LTCU 21-CU-09 Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs September 2021 NCUA issued LTCU 21-CU-09 to provide guidance to credit unions on the winding down of several...
Small Business Lending Data Collection
Summary: CFPB Proposal Regarding Small Business Lending Data Collection The Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking seeking comment on its proposal to implement the small...