News

Freezing foreclosures until year’s end proposed by CFPB

(April 9, 2021) Widely depicted as a freeze on foreclosures until after Dec. 31, the CFPB this week unveiled a set of new rules it said were aimed at preventing...

CFPB outlines plan to keep tabs on mortgage servicers

(April 9, 2021) Following its proposed rules to prevent “avoidable foreclosures,” the bureau later in the week released a new bulletin detailing its expectations for mortgage servicers’ engagement with borrowers...

Bureau delays compliance for pair of debt collection rules

(April 9, 2021) Two debt collection rules – which had been slated to take effect Nov. 30 – will now have a delayed compliance deadline of Jan. 29, 2022, under...

NASCUS stays up to date with CFPB developments

(April 9, 2021) Every time CFPB issues a new proposal, rule, clarification, report to Congress, report on consumer attitudes and actions – and more – NASCUS makes note of it...

FinCEN wants to know: How to use beneficial ownership info?

(April 9, 2021) Feedback on implementation of new laws requiring certain business entities to submit their beneficial ownership information directly to the federal financial crimes enforcement agency is being sought...

Changes made to FinCEN leadership

(April 9, 2021) Leadership at FinCEN changes Sunday as a new acting director takes office, following the effective date today of the resignation of the most recent director. The Treasury...

Two weeks to Pierre Jay Awards presentations (April 22)

(April 9, 2021) It’s now just about two weeks until the 2021 Pierre Jay Awards will be presented to three members of the state credit union system being honored for...

BRIEFLY: NCUA LICU grants available; NY legislation on LIBOR signed into law

(April 9, 2021) Approximately $1.5 million in awards to support digital services and cybersecurity, mentoring of small minority depository institution (MDI) credit unions, and service to underserved communities will be...

First CU of year closed, another conserved

(April 2, 2021) Two supervisory actions were taken this week, the first by NCUA as it closed one credit union (the first of the year) and by the Texas Credit...

More time to comment on CUSO lending proposal

(April 2, 2021) If you couldn’t meet the deadline for filing your comment letter on a proposed rule affecting credit union service organizations (CUSOs), you’ve got more time: late last...

Pleger to continue at SLC; Harper chairs FFIEC

(April 2, 2021) NASCUS has reappointed Steve Pleger, senior deputy commissioner of the Georgia Department of Banking and Finance, as its representative on the FFIEC’s State Liaison Committee (SLC), one...

Summaries outline CLF rule, HPML exemptions

(April 2, 2021) Two new summaries – of a interim final rule concerning enhancements to NCUA’s Central Liquidity Facility (CLF) and of an NCUA “regulatory alert” on CFPB’s expanded exemptions...