News

BRIEFLY: Job opening in OR; 2020 HMDA data available; Joint agency webinar focuses on financial education

(April 2, 2021) The Oregon Department of Consumer and Business Services has an opening for a mortgage banker/broker examiner (financial examiner 2). The closing date for the position is April...

NASCUS supports raising threshold for ‘complex’ CUs to $500 million

(March 26, 2021) The state system supports raising the asset threshold to $500 million for defining a credit union as “complex” under risk-based net worth (RBNW) requirements, citing the benefit...

Fed sets up committees to address climate change

(March 26, 2021) Two new Federal Reserve committees will focus on the impact of climate change on financial stability, Fed Board Gov. Lael Brainard said this week, as the agency...

‘No scenario’ for continued use of LIBOR, Fed governor asserts

(March 26, 2021) The Federal Reserve’s top supervisor this week made it clear that the future of LIBOR as a reference rate for such products as adjustable-rate mortgages will be...

Bureau blames pandemic’s impact for complaint upticks

(March 26, 2021) More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the CFPB, reflecting the financial impact of the...

HR Series, Marijuana & Hemp sessions ahead

(March 26, 2021) Dates and details for three events upcoming in May and June were unveiled by NASCUS this week, focusing on human resources issues and marijuana and hemp developments....

TRANSITIONS: Permanency in MS; new face in AK, so long in NM

(March 26, 2021) Rhoshunda Kelly is now the Mississippi commissioner of banking and finance, removing the “interim” from her title that she earned in an appointment announced last summer. Kelly...

BRIEFLY: Today is ‘joint ownership share accounts’ rule day; Cannabis safe harbor bill to be intro’d (again); PPP deadline extended to May 31; NCUA plans BSA/AML webinar April 14; Reminder: Pierre Jay Awards presented April 22

(March 26, 2021) Today is the effective date of NCUA’s new rule on joint ownership share accounts, which essentially permits the use of records other than signed membership cards or...

State regulators turn out for dialogue, interaction in National Meeting ’21

(March 19, 2021) Two days of discussion and focus on key issues this week highlighted the 2021 National Meeting of state regulators, which featured a record turnout of state regulators...

NCUA readies payout of $368.7 million from failed corporates

(March 19, 2021) Payments totaling $368.7 million will be made by April 30 to about 2,000 credit unions that used to be members of three failed corporates, the NCUA Board...

Rules ease asset thresholds, conform CLF to new law

(March 19, 2021) Asset data as of March 31, 2020 will be used to determine the applicability of regulatory asset thresholds for such things as capital planning and stress testing...

Report lists key areas affecting NCUA resource needs

(March 19, 2021) Nine areas that will affect the resource needs of NCUA– including monitoring the equity ratio of the savings insurance fund, enhancing the examination program and building the...