News

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...

NASCUS Summarizes NCUA’s Final Rule on Public Unit and Nonmember Deposits

NASCUS Legislative & Regulatory Affairs prepared a detailed summary of NCUA's Final Rule on Public Unit and Nonmember Deposits.

House Passes SAFE Act

The House of Representatives passed the Secure and Fair Enforcement Banking Act (SAFE Act), which would provide some protections to credit unions and other financial institutions that serve state-authorized cannabis related businesses. 

CFPB to Host Symposium on Behavioral Economics

The CFPB will host a symposium on Behavioral Economics. The session will feature remarks from CFPB Director Kathleen Kraninger and Deputy Director Brian Johnson.

NASCUS Summarizes NCUA’s Fidelity Bond Rule

NCUA has finalized amendments to Part 713 and Part 704 regarding fidelity bond coverage for natural person and corporate credit unions. Part 713 applies to federally insured state-chartered credit unions...

NASCUS Summarizes NCUA Interim Hemp Guidance

NCUA has issued “interim guidance” for credit unions interested in serving the legalized hemp industry. The guidance will be updated as needed as necessary regulations are issued by the United States Department of Agriculture (USDA) and others regarding the growth, processing, manufacture, and retail sale of hemp.