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Capitalization of Unpaid Interest
Letter to Credit Unions 21-CU-07 Capitalization of Unpaid Interest August 2021 Effective July 30, 2021, NCUA has lifted the prohibition on federally insured credit unions (FICUs) capitalization of interest in...
Summary: CFPB Rule Expands Exemption from Establishing Escrow Accounts for Higher-Priced Mortgage Loans
21-RA-05: CFPB Rule Expands Exemption from Establishing Escrow Accounts for Higher-Priced Mortgage Loans March 2021 NCUA issued Regulatory Alert 21-RA-05 to provide FICUs information on the CFPB’s expansion of the...
Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X
21-RA-08 CFPB Amends Mortgage Servicing Requirements for Borrowers Affected by the COVID-19 Emergency July 2021 NCUA issued Regulatory Alert to discuss the CFPB’s final rule temporarily amending certain mortgage servicing requirements...
Summary: Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X
Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X April 2021 CFPB Summary re: Protections for Borrowers Affected by the...
Comment Letter: Policy for Setting the Normal Operating Level
July 26, 2021 Melane Conyers-Ausbrooks Secretary of the Board National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: NASCUS Comments on Policy for Setting the Normal Operating Level...
NCUA to Implement Phase One of Resuming Onsite Operations
Letter to Credit Unions 21-CU-06 NCUA to Implement Phase One of Resuming Onsite Operations July 2021— NCUA has announced that it is prepared to move into its first phase of...
Final Rule Summary: Transition to CECL (Part 702)
Final Rule Summary: Transition to CECL (Part 702) Prepared by NASCUS Legislative & Regulatory Affairs Department June 2021 NCUA has issued a...
Final Rule Summary: Derivatives (Parts 701, 703, 741, & 746 )
Final Rule Summary: Derivatives (Parts 701, 703, 741, & 746) Prepared by NASCUS Legislative & Regulatory Affairs Department June 2021 NCUA has issued...
Interagency Statement on the Issuance of the AML/CFT National Priorities
Letter to Credit Unions 21-CU-05 Interagency Statement on the Issuance of the AML/CFT National Priorities July 2021 — NCUA issued LTCU 21-CU-05 to provide credit unions information on the issuance of AML/CFT...
Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions
Legal Opinion 21-3500 Proposed Capital Markets Funding Program for Credit Unions April 23, 2021 NCUA issued Legal Opinion 21-3500 to address issues related to a credit union funding program in...
Final Rule Summary: Capitalization of Interest (Parts 741)
Final Rule Summary: Capitalization of Interest (Parts 741) Prepared by NASCUS Legislative & Regulatory Affairs Department June 2021 NCUA has issued a final rule lifting the Part 741 Appendix B...
CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act
21-RA-06 CFPB Delays Mandatory Compliance Date of General Qualified Mortgage (QM) Final Rule Under Truth in Lending Act June 2021 Earlier this year, NCUA issued Regulatory Alert 21-RA-01 to provide...