In Other News

Nominees for Fed, OCC see action; NCUA candidate soon?

(Nov. 20, 2020) Two federal banking agencies saw action for their leadership futures this week, as a nominee for one barely failed to be confirmed to the position and another...

‘CU Campus 365’ officially rolls out

(Nov. 20, 2020) NASCUS this week officially rolled out to its members a new alliance offering customizable, affordable, on-line education developed with the Bank Administration Institute (BAI). Under the “CU...

BRIEFLY: Agencies jointly release BSA ‘fact sheet;’ NASCUS Report early next week

(Nov. 20, 2020) NCUA joined the federal banking agencies Thursday in releasing a fact sheet meant to clarify Bank Secrecy Act due diligence requirements for credit unions and banks that...

Election results present prospects for changes at top of key agencies

(Nov. 13, 2020) Last week’s election results – in which Democrat (and former vice president) Joseph R. Biden claimed more electoral votes than Republican (and incumbent) President Donald Trump, as...

Biden team lists transition ‘agency review teams’

(Nov. 13, 2020) An “agency review team” for federal financial regulators, including NCUA, to assist in the transition from the administration of President Donald Trump to that of President-elect Joe...

New corporate rule provisions take effect Dec. 14

(Nov. 13, 2020) NCUA’s new, revised rule on corporate credit unions – addressing at least five key areas in current rules, including permitting the institutions to make a minimal investment...

Hood outlines CU performance, outlook; seeks CLF changes

(Nov. 13, 2020)Despite the financial impact of the coronavirus crisis, federally insured credit unions performed well and remain well capitalized – although there are still challenges ahead, NCUA Board Chairman...

Summary highlights supervisory guidance proposal

(Nov. 13, 2020) NASCUS has posted a new summary of a proposal by federal financial institution regulators – including NCUA and CFPB – aimed at clarifying and codifying the role...

TRANSITIONS: KS governor nominates successor to Wright; AK names interim replacement for Walsh; WA’s Lacy-Roberts to retire

(Nov. 13, 2020) Vickie Hurt would lead the Kansas Department of Credit Unions under a nomination announced this week by Gov. Laura Kelly (D) to replace retiring Administrator Jerel Wright. He...

BRIEFLY: NCUA Board sets Nov. 19 meeting agenda; FL gains a state charter; Fed nominees to get vote; Payment reporting grew for mortgages, fell for credit cards, CFPB report finds

(Nov. 13, 2020) The NCUA Board has scheduled a 2020 budget update and reprogramming, as well as an item on the agency’s rules and regulations, “Capitalization of Interest” as agenda items...

Higher OTR limits insurance fund, NASCUS writes in comment letter

(Nov. 6, 2020) Increases in the overhead transfer rate (OTR – the rate at which dollars transferred from the National Credit Union Share Insurance Fund (NCUSIF) to fund insurance-related costs...

Marijuana measures getting OK by voters

(Nov. 6, 2020) While the presidential election contest remained too close to call days after the election, legalizing marijuana for personal or medical uses in five states was a different...