News & Resources

July 12, ’19 NASCUS Report

Excise tax results in significant hardship; make changes, or rescind, NASCUS writes A 21% excise tax on some compensation for tax-exempt organizations’ executives – including credit union officials — results...

July 3, 2019 NASCUS Report

Bureau updates payday loan compliance guide The delay in the compliance date of the mandatory underwriting provisions of payday lending rules is reflected in an updated “small entity compliance guide”...

June 28, 2019 NASCUS Report

First-ever, sold out cannabis symposium gives state system broad view of issues A sell-out crowd of nearly 170 including regulators, credit union practitioners, both the marijuana and hemp industries, “CannaTech”...

June 21, 2019 NASCUS Report

Board proposes two-year delay for RBC; will look at subordinated debt, other changes A two-year delay in the effective date of the risk-based capital (RBC) rule for complex credit unions...

June 14, 2019 NASCUS Report

With rule delay, alt capital as background, agency to consider RBC proposal A proposed rule on risk-based capital is the only item on the agenda for the NCUA Board’s regular...

June 7, 2019 NASCUS Report

Supplemental capital proposed rule should be issued, NASCUS letter advises Supplemental capital for complex and low-income designated credit unions should be the subject of a proposed rule by the agency...

May 31, 2019 NASCUS Report

‘SAFE’ cannabis bill would save money, give bump to deposits, report asserts Legislation intended to clarify that credit unions and other financials may serve cannabis businesses in states where it...

May 24, 2019 NASCUS Report

Proposal would expand non-member shares; NASCUS to review for impact on states, CUs Non-member and “public unit” shares of up to 50% of paid-in and unimpaired capital and surplus could...

May 17, 2019 NASCUS Report

NCUA Chairman Hood testifies at Congressional hearings; NASCUS’ Ito responds This week, NCUA Board Chairman Rodney Hood spent two days testifying alongside his fellow federal financial regulators before House and...

May 10, 2019 NASCUS Report

NCUA’s Hood, fellow federal regulators will offer testimony on Hill Back-to-back appearances before two congressional committees will keep new NCUA Board Chairman Rodney Hood busy next week as he offers...

May 3, 2019 NASCUS Report

NASCUS seeks changes in audit proposal While NASCUS supports many of the changes in NCUA’s proposed rule on supervisory committee audits, the association in its comment letter also noted some...

April 26, 2019 NASCUS Report

Summary: Proposal to ease loan incentive limits affects FISCUs too A new, proposed regulation that would ease limits on incentive compensation for credit union employees related to loans covers federally...