(Nov. 24, 2021) Fair lending and consumer compliance are on the agenda for a Dec. 1 webinar hosted by NCUA, the agency said this week. Registration for the 3 p.m. ET event, to run about an hour, is now open. Topics include 2022 consumer compliance exam scope activities, fair lending updates, 2021 consumer compliance exam scope activities, and regulatory updates, including the rule on capitalizing unpaid interest and the 2021 COVID-19 temporary mortgage servicing rule … Speaking of educational sessions: Don’t forget the Dec. 9 (at 2 p.m. ET) NASCUS 101 — a free, short webinar where participants learn from the NASCUS team how to make the most of an association membership. Among the topics addressed: What NASCUS is, how NASCUS contributes to the entire credit union industry, how to engage in the regulatory and legislative processes, collaboration with peers, committee and working group involvement, customized communications and more. The webinar is open to all members and prospective members. While it is free to participate, registration is required … Federal banking agencies Tuesday released summaries of their plans to provide “greater clarity” through next year on whether certain crypto-asset-related activities conducted by banks are legally permissible and “related expectations for safety and soundness, consumer protection, and compliance with existing law and regulations.” According to the agencies, the emerging crypto-asset sector “presents potential opportunities and risks to banking organizations, their customers, and the overall financial system” … Here’s to a happy and safe Thanksgiving holiday for all!
LINKS:
Registration: NCUA 2021 Consumer compliance and fair lending regulatory update
Register here for NASCUS 101, Dec. 9, 2 p.m. ET.
Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps (PDF)
(Sept. 17, 2021) Federal banking agencies have been collaborating via a “crypto policy sprint” to agree on definitions, use cases, risks, and gaps, and to discuss policy options related to digital assets, the acting head of the OCC said this week. Acting Comptroller Michael Hsu said that, while controlling the growth of crypto and defi (decentralized finance) is challenging given their nature and in light of market demand, “it is imperative that financial regulators work together to ensure that crypto/defi activities that take place within the banking system or are facilitated by banks are trustworthy,” he said, adding that state bank regulators would be included in the cooperation. “Innovation is important, but safeguarding trust is paramount,” he said … Registration is now open for NCUA’s second-ever Diversity, Equity, and Inclusion (DEI) Summit for credit union leaders, trade and support organizations and professionals in the field, set for Nov. 2-4. The virtual event, themed “From Intention to Action,” is aimed at providing those committed to advancing DEI a forum to share best practices, address challenges to advancing diversity, and learn how the NCUA can support the credit union industry in its efforts. The event features a town hall meeting hosted by NCUA Board Chairman Todd Harper with credit union CEOs as participants (including Timothy Anderson, United States Senate FCU; James Schenck, Pentagon FCU; Maria Martinez, Border FCU; and Tonita Webb, Verity CU) … The Oregon Department of Consumer and Business Services has openings for three Financial Examiner 3 candidates (with an underfill option of a Financial Examiner 2). The positions are responsible for: objectively evaluating the condition of financial institutions for safety and soundness; maintaining public confidence in the integrity of the financial system and in individual financial institutions; enforcing both state and federal banking statutes and regulations. See the link below for more details.
LINKS:
Diversity, Equity and Inclusion Summit 2021
Financial Examiner (Financial Examiner 3)