Summaries
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Summary: Letter to Credit Unions 20-CU-18 – PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic
Letter to Credit Unions 20-CU-18 PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic June 2020 In May, 2020, the NCUA Board approved changes to the Prompt Corrective Action (PCA) requirements... -
Summary: Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act
Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the... -
Summary: Federal Reserve Bd Part 204: Reserve Requirements of Depository Institutions
Federal Reserve Interim Final Rule Regulation D Part 204: Reserve Requirements of Depository Institutions Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 The Board of Governors... -
Summary: Interagency Lending Principles for Offering Responsible Small-Dollar Loans
Interagency Lending Principles for Offering Responsible Small-Dollar Loans May 2020 NCUA and the federal banking agencies (Federal Reserve System, FDIC, and OCC) have published “principles” to encourage banks and credit... -
Summary: Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach
Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach May 2020 NCUA is updating its supervisory approach implemented in response to the COVID-19 crisis and originally announced... -
Summary: Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans
Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans May 2020 NCUA issued LTCU 20-CU-15 to discuss interagency guidance issued together with the Federal Reserve System, FDIC, and... -
Summary: Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods
Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods May 2020 NCUA’s Regulatory Alert discussed the CFPB’s interpretive rule clarifying when consumers can elect... -
Summary: Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA
Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA May 2020 NCUA’s Regulatory Alert discusses the May 12, 2020 CFPB final rule amending parts of Regulation C which implement the Home Mortgage... -
NCUA Final Rule: Part 722 Appraisals
NCUA Final Rule Part 722 Appraisals Summary Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA has published a final rule amending Part 772 regarding appraisals for certain... -
Summary: Letter to Credit Unions 20-CU-14 Establishment of CLF Agent Memberships
Letter to Credit Unions 20-CU-14 Establishment of CLF Agent Memberships May 2014 NCUA issued LTCU 20-CU-14 to announce that all 3,700+ credit union with assets less than $250 million may... -
Summary: NCUA Interim Final Rule Parts 702 & 723 PPP Loans & PCA and MBL
NCUA Interim Final Rule Parts 702 & 723 PPP Loans & PCA and MBL Summary Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA issued this interim final...