Jan. 29, 2021 NASCUS Report

THIS WEEK: Harper takes reins at NCUA … state system offers congrats (and thanks); Summaries look at latest letters, alert; CFPB ‘time-barred’ debt rule outlined; Experiment examines debt, savings priorities; Principles for assessing financial stability published; BRIEFLY: New CFPB leaders vows ‘aggressive’ action on coronavirus relief violations … Call reports due by Jan. 31 … Job openings in VA … Webinar looks at Treasury’s capital investment program

Harper takes the reins at NCUA

(Jan. 29, 2021) Todd M. Harper is now the NCUA Board chairman, succeeding Rodney Hood in the position, as the result of designation by President Joe Biden early this week….

NASCUS leader offers congratulations, thanks

(Jan. 29, 2021) On behalf of the state system, NASCUS President and CEO Lucy Ito congratulated new Chairman Harper, noting his experience with credit unions. “State regulators and credit unions…

Summaries look at latest letters to CUs, alert from agency

(Jan. 29, 2021) NASCUS summaries of recent NCUA letters to credit unions – and a summary of a regulatory alert issued by the agency – are among the latest to…

CFPB ‘Time-barred debt’ rule outlined

(Jan. 29, 2021) In addition to the three summaries of NCUA actions, NASCUS this week also posted a new summary of CFPB recent actions – this one on the bureau’s…

‘Experiment’ examines consumer priorities with debt, savings

(Jan. 29, 2021) Most consumers with savings would pay down some credit card debt but would also preserve a savings cushion rather than spend all of it retiring the balance,…

Principles for assessing financial stability efforts published

Principles for assessing the financial stability efforts of federal oversight bodies – by third parties and on their own behalf – were published in a report Thursday by the Government…

BRIEFLY: ‘Aggressive action’ on COVID-19 relief violations vowed; Call reports due by Sunday; VA has job positions open; Webinar looks at Treasury’s capital investment program

(Jan. 29, 2021) The new acting director of the CFPB said in a statement released Thursday that the bureau will be taking “aggressive action” in response to cases where financial…

 

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