21apr02 – NASCUS

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Summaries outline CLF rule, HPML exemptions

(April 2, 2021) Two new summaries – of a interim final rule concerning enhancements to NCUA’s Central Liquidity Facility (CLF) and of an NCUA “regulatory alert” on CFPB’s expanded exemptions...

NCUA, agencies seek info on use of AI

(April 2, 2021) Information on how credit unions and banks use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting, and more is sought...

Bureau yanks 7 policy statements off shelf

(April 2, 2021) Seven policy statements issued in 2020 from late March to early June that provided temporary flexibilities to financial institutions in the areas of consumer mortgages, credit reporting,...

First CU of year closed, another conserved

(April 2, 2021) Two supervisory actions were taken this week, the first by NCUA as it closed one credit union (the first of the year) and by the Texas Credit...

More time to comment on CUSO lending proposal

(April 2, 2021) If you couldn’t meet the deadline for filing your comment letter on a proposed rule affecting credit union service organizations (CUSOs), you’ve got more time: late last...

BRIEFLY: Job opening in OR; 2020 HMDA data available; Joint agency webinar focuses on financial education

(April 2, 2021) The Oregon Department of Consumer and Business Services has an opening for a mortgage banker/broker examiner (financial examiner 2). The closing date for the position is April...

Pleger to continue at SLC; Harper chairs FFIEC

(April 2, 2021) NASCUS has reappointed Steve Pleger, senior deputy commissioner of the Georgia Department of Banking and Finance, as its representative on the FFIEC’s State Liaison Committee (SLC), one...

‘Gear up’ for foreclosures, CFPB warns

(April 2, 2021) Seemingly pulling no punches, the CFPB late this week sent a warning to mortgage servicers: unprepared for an expected surge in homeowners needing assistance is unacceptable –...

Agencies to target illegal evictions

(April 2, 2021) Evictions by major multistate landlords, eviction management services and private equity firms, among others, will be targeted for investigation by the CFPB and the Federal Trade Commission...