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Comments on OTR listed as April 26 deadline nears

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State CUs showed strong growth in 2015

NASCUS is the only organization exclusively dedicated to defending and advancing a strong state credit union system. Established in 1965, state credit union regulators formed NASCUS to promote the safety and soundness of state-chartered credit unions.

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Consumer compliance rating system issued for 60-day comment period
April 29, 2016 -- Comments on proposed revisions to a revised, uniform interagency consumer compliance rating system are being sought for 60 days by federal financial institution regulatory agencies – including the NCUA and the State Liaison Committee – under the auspices of the Federal Financial Institutions Examination Council (FFIEC). READ

Summary looks at call for comments for mortgage servicing rules
April 29, 2016 – A new summary from NASCUS outlines the CFPB’s proposal to reopen the comment period to on a particular aspect of its proposed amendments to certain mortgage servicing provisions under Regulation X and Regulation Z. READ

NASCUS Report for April 29 published/online
April 29, 2016 -- Fixes to OTR recommended, commenters in harmony, thanks to Chairman Matz, CECL, BSA -- and more. READ

NASCUS: Flawed OTR threatens dual-chartering system
April 26, 2016 -- The methodology for NCUA’s overhead transfer rate (OTR) is “is severely flawed,” in that it is arbitrary, capricious, and inequitable to federally insured, state chartered credit unions, NASCUS wrote in its comment letter on the methodology to NCUA today. READ

 

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