Nov. 6, 2020 NASCUS Report

THIS WEEK: Comment warns higher OTR means less in insurance fund; Marijuana measures doing well in voting; Toeppe gets nod for E&I top role; Final debt collections comm rule issued; Agency hosts two webinars ahead; CUAC, other bureau advisers, to meet; CU Campus 365 registration opens; BRIEFLY: BSA/AML eSchool earns certification; comments due date set for supervisory guidance

Higher OTR limits insurance fund, NASCUS writes in comment letter

(Nov. 6, 2020) Increases in the overhead transfer rate (OTR – the rate at which dollars transferred from the National Credit Union Share Insurance Fund (NCUSIF) to fund insurance-related costs…

Marijuana measures getting OK by voters

(Nov. 6, 2020) While the presidential election contest remained too close to call days after the election, legalizing marijuana for personal or medical uses in five states was a different…

Final debt collection communications rule issued

(Nov. 6, 2020) A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released late last week by the CFPB,…

NCUA names permanent E&I director

(Nov. 6 ,2020) Ending an eight-month role as “acting” top supervisor for NCUA, Myra Toeppe has formally been named the director of the agency’s office of examination and insurance, according…

Agency sets two webinars in coming weeks

(Nov. 6, 2020) Two webinars – one on fair lending and consumer compliance and another on financial literacy and consumer financial protection for servicemembers – are on the horizon for…

CU, other bureau advisory groups schedule meetings

(Nov. 6, 2020) The CFPB’s Credit Union Advisory Council (CUAC), along with the Consumer Advisory Board (CAB) and the Community Bank Advisory Council (CBAC), are scheduled to meet in a…

Registration opens for CU Campus 365

(Nov. 6, 2020) Registration for CU Campus 365 – the NASCUS partnership with the Bank Administration Institute offering affordable, customizable on-line compliance and education for credit unions – is open…

BRIEFLY: BSA/AML eSchool earns accreditation; comments due Jan. 4 on supervisory guidance proposal

(Nov. 6, 2020) Continuing its streak of accreditation, the NASCUS-CUNA BSA/AML Certification eSchool – now underway through Dec. 7 – has again been certified for continuing education units (CEUs) by…

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