March 5, 2021 NASCUS Report


THIS WEEK: States surpass 50% of all assets; NCUA Board at GAC – Harper focus on capital … Hauptman, Hood on small CUs, new charters; NASCUS leader intro’s Wegner honoree; Summary outlines HMDA collection alert; Another summary looks at reg review ’21; CFPB nominee wants mortgage market oversight … after bureau release report on evictions; Bureau wants hold on new QM rule effective date; BRIEFLY: Hood named to NeighborWorks America Board; Microsoft Exchange patch advised; Job opening in WA; Follow NASCUS now on Facebook

States push beyond 50% of assets, as savings surged during 2020

(March 5, 2021) After inching closer and closer for years, the total amount of assets held in state-chartered credit unions has exceeded that of federally chartered credit unions, with state…

GAC ’21: Harper urges focus on capital, equity, consumer protection

(March 5, 2021) Staying focused on capital and liquidity, consumer financial protection, and diversity, equity and economic inclusion will achieve a vibrant economic outcome from the impact of the coronavirus…

GAC ’21: Hood: help for smaller CUs; Hauptman: ease path for chartering

(March 5, 2021) Watching closely to determine what additional support may be needed for smaller credit unions and minority depository institutions in the months to come as they face the…

GAC ’21: NASCUS leader offers insights for honoree

(March 5, 2021) Kudos to NASCUS Credit Union Advisory Council Member Brian Wolfburg, CEO of VyStar CU in Jacksonville, Fla., for introducing William “Bill” J. Bynum, CEO of Hope Credit…

Summary outlines HMDA data collection alert

(March 5, 2021) A “regulatory alert” outlining Home Mortgage Disclosure Act (HMDA) data collection is outlined by NASCUS in one of the latest summaries to be posted by the association….

2021 NCUA reg review outlined in summary

(March 5, 2021) NASCUS has published its summary of NCUA’s regulatory review roster for 2021, which lists the one-third of the agency rules that it is reviewing – part of…

Nominee calls for fair, effective mortgage market oversight

(March 5, 2021) Saying he looks forward to approaching with an open mind the mission of the CFPB, director nominee Rohit Chopra told a Senate panel this week that fair…

Bureau says action need to prevent evictions

(March 5, 2021) The day before CFPB Director Nominee Rohit Chopra’s appearance before a Senate committee considering his nomination, the bureau released a report from the current acting director saying…

CFPB puts brakes on new QM rule

(March 5, 2021) The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1 to Oct. 1, 2022) under a proposal…

BRIEFLY:  Hood named to NeighborWorks America board; Agencies told to install Microsoft Exchange patch; Job opening in WA; Follow NASCUS now on Facebook!

(March 5, 2021) NCUA’s Rodney Hood was named the agency’s representative on the board of NeighborWorks America, a public-private organization that promotes affordable housing and community development, NCUA Chairman Todd…

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