Summaries

Final Rule Summary: CAMELS Rating System (Parts 701, 703, 704, 713) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA is updating the NCUA’s supervisory rating system from...

NCUA Risk Alert: 21-RISK-01 Business Email Compromise through Exploitation of Cloud-Based Email Services October 2021 NCUA issued Risk Alert 21-Risk-01 to provide credit unions a warning regarding a common Business Email...

LTCU 21-CU-10 Interagency Statement on LIBOR Transition October 2021 NCUA issued LTCU 21-CU-10 to follow-up on Letter to Credit Unions 21-CU-03, LIBOR Transition (NASCUS summary here) and make credit unions...

LTCU 21-CU-11 Emergency Capital Investment Program October 2021 NCUA issued LTCU 21-CU-11 to address the agency’s reconsideration of its position with respect to LICU ability to participate in the Treasury...

 Proposed Rule: Subordinated Debt Prepared by NASCUS Legislative & Regulatory Affairs Department October 2021 NCUA is proposing changes to the Subordinated Debt rule taking effect on January 1, 2022, to...

21-RA-09 CFPB Issues New Specifications for its Collect Website Relating to Credit Card Data Submission October 2021 On August 20 the CFPB issued new technical specifications for complying with credit...

LTCU 21-CU-09 Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs September 2021 NCUA issued LTCU 21-CU-09 to provide guidance to credit unions on the winding down of several...

Request for Information & Comment: Digital Assets & Related Technologies Prepared by NASCUS Legislative & Regulatory Affairs Department August 2021 NCUA has issued a Request for Information and Comment (RFI) on...

Regulatory Review (2021) August 16, 2021 Office of General Counsel National Credit Union Administration 1775 Duke Street Alexandria, VA 22314 Re: Regulatory Review 2021 To the Office of General Counsel:...

LTCU 21-CU-08 Implementation of Modernized Systems  August 2021 NCUA’s LTCU 21-CU-08 provides an update on the agency’s technology modernization efforts supporting NCUA’s examination, data collection, field of membership, and reporting efforts....

Letter to Credit Unions 21-CU-07 Capitalization of Unpaid Interest August 2021 Effective July 30, 2021, NCUA has lifted the prohibition on federally insured credit unions (FICUs) capitalization of interest in...

21-RA-08 CFPB Amends Mortgage Servicing Requirements for Borrowers Affected by the COVID-19 Emergency July 2021 NCUA issued Regulatory Alert to discuss the CFPB’s final rule temporarily amending certain mortgage servicing requirements...