Oct. 15, 2021 NASCUS Report
Posted October 14, 2021THIS WEEK: Final CUSO, CAMELS rules up for votes; ACET program topic for webinar; Appraisal bias gets a session, too; MDI mentoring grant round to open; LIBOR’s time running out, group notes; Chopra takes over CFPB, names top staff; BRIEFLY: CA adopts laws for state CUs; Job openings in OR; Changes for Fed supervision role
Contentious CUSO proposal up for consideration by NCUA Board
(Oct. 15, 2021) Finalizing a proposed – and contentious — rule on expanded lending and services provided by federal credit union (FCU) credit union service organizations (CUSOs) highlights the scheduled…
Webinar set to walk credit unions through ACET
(Oct. 15, 2021) Describing a new set of tools it has developed to promote digital safety as a “holistic cybersecurity resource” for credit unions, NCUA has scheduled an Oct. 28…
Bias in home appraisals focus of session
(Oct. 15, 2021) In other NCUA webinar developments, the agency said this week that, on Oct. 27, it is hosting an event focusing on bias in home appraisals and the…
MDI mentoring grant round open through Oct. 29
(Oct. 15, 2021) Credit unions with both minority depository institution (MDI) and low-income (LICU) designations may apply now, through Oct. 29, for NCUA’s mentoring grants worth a total of $100,000,…
‘Time to move’ from LIBOR, group recommends
(Oct. 15, 2021) It’s “time to move” from LIBOR now by slowing the use of the reference rate by year’s end to foster a smooth completion of the rate’s overall…
Chopra takes CFPB reins; taps senior staff
(Oct. 15, 2021) The CFPB has a new, permanent director (for a five-year term, at least – or until the president decides to make a change), who this week also…
BRIEFLY: New laws in CA; Job openings in OR; Fed supervision vice chair loses a role
(Oct. 15, 2021) California legislation was signed into law this week, the California and Nevada Credit Union Leagues reported. The new law for state credit unions: allows expulsion of members…
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