Summaries

Letter to Credit Unions 22-CU-03: Special Purpose Credit Programs February 2022 NCUA’s LTCU outlines the interagency statement reminding creditors of the ability under the Equal Credit Opportunity Act (ECOA) and...

22-RA-03:  2022 Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold February 2022 The Consumer Financial Protection Bureau (CFPB) has published annual adjustments for asset-size exemption thresholds under the...

Letter to Credit Unions 22-CU-02 NCUA’s 2022 Supervisory Priorities January 2022 NCUA’s Letter to Credit Unions (LTCU) 22-CU-02 identifies the agency’s supervisory priorities for 2022, which include: Credit Risk Management...

22-RA-01 HMDA Collection Requirements for Calendar Year 2022 January 2022 NCUA has issued Regulatory Alert 22-RA-01 to remind credit unions of data collection requirements in 2022 for 2023 filing pursuant...

22-RA-02:  Submission of 2021 Home Mortgage Disclosure Act Data February 2022 Credit unions located in metropolitan areas that engage in certain types and volume of residential mortgage lending, and that...

CFPB 2022-0003: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services The Consumer Financial Protection Bureau (CFPB) is seeking comments from the public related to fees that...

LTCU: (22-CU-01): Submission for 2021 Voluntary Credit Union Diversity Self-Assessment Extended to January 31, 2022  January 2022 NCUA’s LTCU was issued to extend the deadline for credit unions to submit the...

LTCU: (21-CU-16) Relationships with Third Parties that Provide Services Related to Digital Assets December 2021 NCUA’s LTCU was issued to provide clarity about the already existing authority of federally insured credit...

CFPB-2021-0017: Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms Summary On October 21, 2021, the Consumer Financial Protection Bureau (CFPB) ordered six large technology...

LTCU: (21-CU-13) Subordinated Debt Final Rule Effective January 1, 2022  November 2021 NCUA’s LTCU was issued to reminder to FICUs that the final subordinated debt rule (NASCUS summary here) becomes effective on...

LTCU 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities  November 2021 Credit unions have until November 15, 2021, to contact the Internal Revenue Service (IRS) to inquire...

Final Rule Summary: FCU CUSOs (Parts 712) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA has issued a final rule related to federal credit union (FCU) credit...