In the News
Three key events for state system just days ahead
(Aug. 6, 2021) Three key and “must attend” events for many in the state system are just days ahead. Here’s a rundown of the NASCUS-sponsored sessions, by their respective dates:...
BRIEFLY: Risk management director opening in MA; FCUs advised of 18% loan cap
(Aug. 6, 2021) The Massachusetts Division of Banks is looking for candidates to fill the position of chief director of risk management (safety & soundness) supervision. For more information, see...
NASCUS: NCUA approach to NOL must accept tie between OTR, budget
(July 30, 2021) Any discussion about the normal operating level (NOL) of the federal credit union share insurance fund must acknowledge that the actual equity ratio of the fund is...
NCUA’s Harper, bank regulators, to face Senate panel
(July 30, 2021) NCUA gets a chance to share its views with the Senate next week when Board Chairman Todd Harper is scheduled to testify before the body’s Banking Committee....
Alert urges review of mortgage servicing rules
(July 30, 2021) Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected...
Before pandemic, home loan borrowers were optimistic
(July 30, 2021) Slightly more Americans were not concerned about qualifying for a mortgage during the application process in 2019 (compared to the year before) before the COVID-19 pandemic began,...
AROUND THE STATES: WA DFI earns re-accreditation
(July 30, 2021) Chalk up the Washington Department of Financial Institutions–Credit Union Division as another state regulatory agency that has undertaken the rigorous process of earning re-accreditation through the NASCUS...
‘S3’ – NASCUS’ flagship event of 2021 – fast approaching
(July 30, 2021) The virtual 2021 NASCUS State System Summit (S3) is fast approaching – just less than three weeks away, Aug. 17-18 – and registrations are being taken now....
Examiners invited to attend Aug. 16 school
(July 30, 2021) Meanwhile, state credit union examiners from around the country can participate in the Aug. 16 Kentucky Examiner School, developed to help examiners build skill sets and enhance...
NASCUS 101 coming up Aug. 12
(July 30, 2021) Just a reminder that the next episode of NASCUS 101 — the series of webinars that covers the many ways NASCUS members can reap the most of...
BRIEFLY: ‘Every tool’ now available to transition from LIBOR; Agencies expand paid tax leave credit for vaccinations
(July 30, 2021) Market participants now “have every tool they need to transition from LIBOR,” the vice chair of the Federal Reserve said this week, as a Fed-backed group developing...
Capital proposal would allow CUs to ‘opt in,’ avoid RBC requirements
(July 23, 2021) Federally insured credit unions with $500 million or more in assets could avoid risk-based capital (RBC) requirements and opt-in to a new measure of capital adequacy if...