Jan. 7, 2022 NASCUS Report

THIS WEEK: Knight outlines path as he assumes leadership; Harper, Fed nominations resubmitted; New leadership coming at FDIC; NCUA merges, closes credit unions; Alert notes new thresholds, fees; April 12-14 is National Regulator Meeting; BRIEFLY: Former MD regulator considered for top Fed supervisory role; Nebraska gives thumbs down to CU bank buy; CFPB calls out credit reporting agencies

For 2022, new leader Knight to follow closely mission, purpose outlined by leadership

(Jan. 7, 2022) NASCUS will follow closely in 2022 its mission and purpose as adopted by association leadership in 2021, new NASCUS President and CEO Brian Knight said this week…

Nominations for Harper, Fed leaders, resubmitted

(Jan. 7, 2022) The nomination of Todd M. Harper to be reappointed chairman of the NCUA Board, for a six-year term to run through April 2027, was resubmitted by the…

New leadership ahead for FDIC

(Jan. 7, 2022) The leadership of the FDIC will be changing next month following the surprise resignation New Year’s Eve by board Chairman Jelena McWilliams. In a letter to President…

Agency closes one CU, merges another

(Jan. 7, 2022) NCUA closed out 2021 by liquidating a credit union, and started 2022 by merging a struggling California credit union with another in the Golden State. Early this…

Alert notes increasing Reg Z, M thresholds, Reg V fees

(Jan. 7, 2022) A regulatory alert calling attention to threshold and fee adjustments – which are increasing for the new year — under truth in lending, consumer leasing and fair…

April 12-14 is date for National Regulator Meeting

(Jan. 7, 2022) Regulators, mark your calendars for April 12-14, when the National Regulator Meeting will be held in San Diego. Exclusively open to state regulators only, the three-day meeting…

BRIEFLY: Former state regulator up for top Fed supervisor seat, reports say; Nebraska turns back bank purchase by CU; CFPB calls out credit reporting agencies

(Jan. 7, 2022) Sarah Bloom Raskin, a former Maryland financial institution regulator who also served as a deputy Treasury secretary and member of the Federal Reserve Board, is under consideration…

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