In the News
Order exempts insurance buys from customer ID program
The three federal banking agencies joined with NCUA late last week to issue an exemption from the requirements of the customer identification program (CIP) rules for loans extended by banks...
Summary outlines RFI on CARD Act rules
A request for information (RFI) from CFPB about whether rules applying credit card consumer protections should still stand, be revised or rescinded is summarized by NASCUS in a new posting...
Webinar tackles rash of embezzlements
A one-hour webinar focusing on how to prevent the spreading rash of embezzlements among financial institutions (including credit unions) is on the NASCUS education agenda for the middle of November...
ON THE (virtual) ROAD: Working with the Underground Collision
In the video (click on the image to see), NASCUS’ Lucy Ito discusses “the full potential of the credit union mission” with Susan Mitchell “The full potential of the credit...
BRIEFLY: CRA data entry software ready; NCUA marks cyber month
For those credit unions that must comply with their states’ community reinvestment act (CRA) requirements, the FFIEC said this week that the second release of data entry software (DES) for...
SBA Releases Paycheck Protection Program Interim Final Rule
The SBA has published an Interim Final Rule related to the Paycheck Protection Program. The rule is available on SBA’s website immediately.
NCUA and FBAs Highlight Coordination and Collaboration of Efforts to Address COVID-19
The Federal Financial Institutions Examination Council (FFIEC), comprised of NCUA and Federal Banking Agencies (FBAs), continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them.
NCUA Provides Federal Credit Unions With Annual Meeting Flexibility
Following the lead of state regulators, NCUA released a letter providing federal credit unions with annual meeting flexibility.
NCUA Releases COVID-19 Letter to Credit Unions
Asserting its concern for the health and safety of all NCUA staff, credit union staff, and credit union members, NCUA released LTCU 20-CU-02 regarding COVID-19.
FFIEC Issues 2020 Edition of the Guide to HMDA Reporting
The 2020 edition of the “Guide to HMDA Reporting: Getting It Right!” is now available. The guide was developed by member agencies of the Federal Financial Institutions Examination Council (FFIEC),...
NCUA releases reg review schedule
Rules covering credit union service organizations (CUSOs), management official interlocks, and agency administrative actions are among the 16 regulations NCUA will be reviewing this year, according to the agency. Each...
NASCUS Releases Summary of NCUA “2nd Chance IRPS”
Recently, NCUA has finalized its revisions to the agency’s Interpretive Ruling and Policy Statement (IRPS) regarding statutory prohibitions imposed by § 205(d) of the Federal Credit Union Act (FCUA). Section...