In the News
Hauptman to serve as liaison to NASCUS
(Jan. 15, 2021) The state system has a new, direct contact on the NCUA Board: Vice Chairman Kyle Hauptman, who was named board liaison to NASCUS and another credit union...
Bureau, NCUA sign consumer protection MOU
(Jan. 15, 2021) Improving coordination between NCUA and CFPB over the consumer protection supervision of credit unions with more than $10 billion in assets is the stated purpose of a...
Applications open for bureau ‘advisory committees’
(Jan. 15, 2021) Applications for appointments to membership on one of four advisory committees that offer input from various sections of the financial industry, and for research projects by the...
NASCUS education program swings into view for ‘21
(Jan. 15, 2021) Mark your calendars for four upcoming events from NASCUS in the months ahead – including the week after next. Jan. 25: NASCUS sponsors a webinar (for members...
BRIEFLY: New state charter in FL; NCUA Deputy CFO tapped; More turnover in comptroller’s office
(Jan. 15, 2021) Florida (and NASCUS) welcome a new state-chartered credit union this week: Radiant CU of Gainesville (formerly SunState FCU). The 64-year-old credit union holds $570 million in assets...
Risk-based net worth, capital levels highlight packed NCUA board agenda
(Jan. 8, 2021) Nine items – including a proposal on risk-based net worth (complex threshold), an advance notice of proposed rulemaking on simplification of risk based capital requirements and four...
Agency seeks feedback on its communications program
(Jan. 8, 2021) NCUA’s communications methods are up for comment in an effort, the agency said this week, to “promote efficiency and increase transparency.” In a release, NCUA said it...
CU provisions in COVID relief bill outlined
(Jan. 8, 2021) A number of provisions contained in the massive appropriations and coronavirus relief legislation signed into law Dec. 27 are highlighted by NCUA in a letter to credit...
States back proposed derivatives rule, with two suggestions
(Jan. 8, 2021) NASCUS supports NCUA’s proposed derivatives rule, but has made two recommendations to the agency that the association said would make the proposal more flexible for the needs...
‘Guidance’ offered on supervisory guidance proposal
(Jan. 8, 2021) The state credit union system supports NCUA’s efforts to clarify how it will treat supervisory guidance issued by the agency in the context of examination and supervision,...
Latest summaries look at SARs, Reg Z and Reg M exemptions
(Jan. 8, 2021) Two new summaries – of an NCUA proposal on exemptions for suspicious activity reports (SARs) and exemption thresholds for consumer reporting requirements – have been published by...
Consumer law reform group touches on state regulation
(Jan. 8, 2021) Considering the benefits and costs of preempting state law where conflicts can impede the provision of valuable products and services (such as the regulation of FinTech companies...