Summaries
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Letter to Credit Unions 22-CU-03: Special Purpose Credit Programs
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 Summary: 2022 Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
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
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 Summary: HMDA Collection Requirements for Calendar Year 2022
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 Summary: Submission of 2021 Home Mortgage Disclosure Act Data
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... -
Summary: Request for Information Regarding Fees Imposed by Providers of Consumer Financial Products/Services
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... -
Letter to Credit Unions: Submission for 2021 Voluntary Credit Union Diversity Self-Assessment Extended to January 31, 2022
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... -
Letter to Credit Unions: Relationships with Third Parties that Provide Services Related to Digital Assets
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... -
Notice and Request for Comment Regarding the CFPB’s Inquiry into Big Tech Payment Platforms
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... -
Letter to Credit Unions: Subordinated Debt Final Rule Effective January 1, 2022
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... -
Letters to Credit Unions: IRS’s Volunteer Income Tax Assistance Program Collaboration Opportunities
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
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...