Aug. 6, 2021 NASCUS Report

THIS WEEK: NCUA leader repeats call to exam CUSOs; Eviction moratorium revised, issued; LTCU outlines limits on loan capitalizations; Nov. 30 is effective date for debt collection rules; Rule seeks to clarify Juneteenth impact; NCUA names new OMWI leader; 3 key NASCUS events coming up; BRIEFLY: Job opening in MA; FCUs advised of loan ceiling extension

Harper repeats call for CUSO exam authority

(Aug. 6, 2021) Congress should give NCUA authority to examine (and enforce actions) over third party vendors, NCUA Board Chairman Todd Harper said in testimony to the Senate Banking Committee…

New eviction moratorium effective to Oct. 3

(Aug. 6, 2021) Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued this…

Letter outlines limits on capitalizing loans

(Aug. 6, 2021) The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of…

Nov. 30 is effective date for debt collection rules

(Aug. 6, 2021) After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the CFPB late last week said the rules would…

Rule attempts to clarify Juneteenth impact on mortgages

(Aug. 6, 2021) Whether the new Juneteenth federal holiday (federally observed for the first time this past June) counts as a business day or federal holiday for purposes of mortgage…

Agency taps new director of diversity workforce, suppliers

(Aug. 6, 2021) Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer NCUA, the agency announced this week. The agency…

Three key events for state system just days ahead

(Aug. 6, 2021) Three key and “must attend” events for many in the state system are just days ahead. Here’s a rundown of the NASCUS-sponsored sessions, by their respective dates:…

BRIEFLY: Risk management director opening in MA; FCUs advised of 18% loan cap

(Aug. 6, 2021) The Massachusetts Division of Banks is looking for candidates to fill the position of chief director of risk management (safety & soundness) supervision. For more information, see…

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