March – NASCUS

Featured Story

Veteran of FDIC Takeover Tells What It’s Like to Run a Failed Bank

John Bovenzi is part of the small club of people who have run a failed U.S. bank, a group whose membership expanded by two this month when regulators swooped in to take over Silicon Valley Bank and Signature Bank...

Mar. 31: CFPB Updates This Week

CFPB has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination...

HUD Secretary’s Memorandum Concerning “Junk Fees” and Tenant Screening Reports

On March 7, 2023, HUD Secretary, Marcia L. Fudge, issued a public memorandum (the “Memo”) expressing concern over a lack of transparency in fees charged to residential tenants.

WOCCU Releases Guide to International Sustainable Finance Regulations

World Council of Credit Unions Tuesday issued “What Credit Unions Should Know About Sustainable Finance”, a guide to help credit unions understand many of the international standards and emerging regulatory...

Mar. 24: CFPB Updates This Week

NASCUS Summary on CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act The Consumer Financial Protection Bureau (CFPB) issued a notice and...

New Commissioner Orientation (Virtual Event)

Join us Monday, March 27, 2023, 1:00 – 3:30 pm EST NASCUS is bringing back its “New Commissioner Orientation.” This 2.5-hour virtual event is designed to introduce new state agency heads...

Mar. 17: CFPB Updates This Week

PUBLISHED MAR 16, 2023 CFPB Heightens Scrutiny of Unlawful Collection of Payments on Discharged Student Loans The Consumer Financial Protection Bureau (CFPB) released a bulletin warning servicers of their obligation...

Fed Considers Stricter Capital Requirements for Midsize Banks

Sen. Elizabeth Warren, D-MA, on Tuesday proposed a legislative route to do the same, but Republicans and even some Democrats are waiting on the Fed’s review of recent bank failures....

March 2023: NCUA Board Meeting Summary

The NCUA held its third open meeting of 2023. Chairman Todd Harper kicked off the meeting further, reinforcing his statement from March 13, that the credit union system remains well-capitalized...

Overdraft Fees Are Out, Interchange Fees Are In

From CU Times: The answer to how credit unions can replace lost overdraft fee revenue lies in their card programs Some of the biggest players in financial services are eliminating...