Aug. 27, 2021 NASCUS Report

THIS WEEK: Regulators note LIBOR transition concerns; CARD Act submissions head to website; Streamlined CDFI process announced; CFPB interpretive rules summarized; Cybersecurity eSchool kicks off; BRIEFLY: Digital currency discussion opens; NASCUS Report takes a break (see you Sept. 10).

Regulators note concern over LIBOR transition

(Aug. 27, 2021) Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing…

Bureau pushes all CARD Act submissions to website

(Aug. 27, 2021) Card issuers required to supply credit card agreement terms and other data to the CFPB must make all submissions via the agency’s Collect website (collect.consumerfinance.gov) beginning in…

Streamlined CDFI certification process opens Sept. 12

(Aug. 27, 2021) Credit unions seeking certification as community development financial institutions (CDFIs) can apply for NCUA’s streamlined qualification process between Sept. 12 and Oct. 15, the agency said this…

Summaries look at CFPB interpretive rules

(Aug. 27, 2021) Two new summaries of recent CFPB rules – on clarifying the impact of the Juneteenth holiday, and Military Lending Act (MLA)-related exams – have been developed and…

Cybersecurity eSchool kicks off next week

(Aug. 27, 2021) The NASCUS/CUNA cybersecurity eSchool kicks off next week (Sept. 3) for a 10-week run focusing on key tactics in cybercrime prevention and response from the credit union…

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BRIEFLY: Discussion (and series) opens on digital currency; No NASCUS Report next week

(Aug. 27, 2021) Digital currency and related media (including non-fungible tokens and other blockchain technologies) was the subject of an in-depth discussion held this week among members of the NASCUS…

 

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