Vendor

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...

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...

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

 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...

Digital Assets & Related Technologies

Request for Information & Comment: Digital Assets & Related Technologies Prepared by NASCUS Legislative & Regulatory Affairs Department August 2021 NCUA has issued a Request for Information and Comment (RFI) on...

Implementation of Modernized Systems

LTCU 21-CU-08 Implementation of Modernized Systems  August 2021 NCUA’s LTCU 21-CU-08 provides an update on the agency’s technology modernization efforts supporting NCUA’s examination, data collection, field of membership, and reporting efforts....