In Other News

FFIEC Releases 2021 Annual Report

The Federal Financial Institutions Examination Council (FFIEC) released its 2021 Annual Report this week. Click here to read the full report.  Introductory Message from FFIEC Chairman Todd Harper I am...

NASCUS Summary on Recent NCUA Risk Alert – Heightened Risk of Social Engineering and Phishing Attacks

The on-going conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those against the financial services sector. All credit unions and vendors, regardless of size, are...

Overdraft Fees Are Out, Interchange Fees Are In

From CU Times: The answer to how credit unions can replace lost overdraft fee revenue lies in their card programs Some of the biggest players in financial services are eliminating...

Mar. 30 ACAMS Webinar: State of Cannabis

State of Cannabis: Understanding the Regulatory and Enforcement Framework in The US and Canada We present a three-part series outlining the legal environment, the business, and the financial relationships of...

Comment Letter to Appraisal Subcommittee

March 14, 2022 — The National Association of State Credit Union Supervisors (“NASCUS”) submitted a letter in response to the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council...

NASCUS Summary: Compliance Bulletin on the Mitigating Harm from Repossession of Automobiles

CFPB Bulletin 2022-04: Compliance Bulletin re: Mitigating Harm from Repossession of Automobiles 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the...

NASCUS Summary: Compliance Bulletin on the Electronic Fund Transfer Act

CFPB Bulletin 2022-02: Compliance Bulletin on the Electronic Fund Transfer Act’s Compulsory Use Prohibition and Government Benefit Accounts Section 913 of the Electronic Fund Transfer Act (EFTA) provides, among other...

2022 CUNA GAC Debrief

March 3, 2022 — The week-long Credit Union National Association’s Governmental Affairs Conference (CUNA GAC) is an event of learning, networking, and collaboration. This combination of partnership and cooperation couldn’t...

2022 Wegner Award Dinner Recap

Impact through inclusion: the credit union difference in action at the Foundation Dinner March 1, 2022 — Former NASCUS President and CEO Lucy Ito, CEO of Black Hills Federal Credit...

NACUSO is Looking for the CUSO of the Year

February 24, 2022  — Nominations for the 2022 CUSO of the Year and New CUSO of the Year Awards are due March 7! The CUSO model brings together a unique combination...

Summary LTCU: Equal Credit Opportunity Act Nondiscrimination Requirements

LTCU: (22-CU-04) Equal Credit Opportunity Act Nondiscrimination Requirements February 2022 The Equal Credit Opportunity Act  (ECOA) promotes the availability of credit to all creditworthy applicants without regard to race, color,...

Summary LTCU: Special Purpose Credit Programs

LTCU: (22-CU-03) Special Purpose Credit Programs February 2022 NCUA’s LTCU outlines the interagency statement reminding creditors of the ability under the Equal Credit Opportunity Act (ECOA) and Regulation B to...