Amanda Tuckey

BRIEFLY: Biden replaces FHFA director after high court ruling; FCU usury ceiling stays at 18%; TRANSITION: Murray retires at Vizo Financial Corporate; Congress votes to repeal ‘true lender’ rule

(June 25, 2021) The Supreme Court ruled this week that the director of the Federal Housing Finance Authority (FHFA) may be fired by the president, overturning the agency’s structure which...

Rules on interest capitalization, CECL on NCUA Board agenda

(June 18, 2021) Two final rules – on mitigating the impact of the new CECL accounting standard, and allowing credit unions to capitalize interest, which NASCUS urged be finalized “expeditiously”...

Also coming up soon: rules on CAMELS, CCULR

(June 18, 2021) Other new and proposed rules that should be coming up for action soon by the NCUA Board were also outlined in the spring 2021 regulatory agenda published...

Bureau to resume exams under Military Lending Act

(June 18, 2021) Military Lending Act-related examinations will now resume by the CFPB, the agency said this week, asserting that the prior administration’s reasoning for discontinuing the reviews were not...

CFPB expects proposal on small biz data collection

(June 18, 2021) Collection, reporting, and public disclosure of data concerning credit applications made by women-owned, minority-owned, and small businesses will be the subject of a proposed rule by the...

NASCUS, marking Juneteenth, recommits to equality, respect

(June 18, 2021) The designation of a federal holiday to mark Juneteenth – the commemoration of the emancipation of enslaved people in the United States – is both a time...

Two named to NASCUS CU Advisory Council

(June 18, 2021) Two state credit union CEOS have been named to the NASCUS Credit Union Advisory Council by Council Chairman Mike Williams, one completing a three-year term of a...

NASCUS 101 series kicks off next week

(June 18, 2021) Just a reminder that the first NASCUS 101 for 2021 – the popular series of webinars that explains how NASCUS members can get the most out of...

TRANSITIONS: In CA, Alvarez steps down; in PA, retirement (and new CEO) for NBCU

(June 18, 2021)Manuel P. (“Manny”) Alvarez, commissioner of the California Department of Financial Protection and Innovation (since March 2019) is stepping down today. According to press reports, he wants to...

BRIEFLY: 2020 mortgage lending data available; FDIC’s DIF falls to 1.25% (no change in assessments)

(June 18, 2021) 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under HMDA are now available, the FFIEC said Thursday. Covered institutions include credit unions, banks, savings associations...

States keep more than half of assets, which neared $2 trillion at end of 1Q21

(June 11, 2021) Credit union assets mushroomed to a total of just under $2 trillion in the first quarter of the year – and state-chartered credit unions kept pace with...

Letter underscores PCA relief renewal

(June 11, 2021) Actions taken by the federal credit union regulator in April – extending temporary provisions giving credit unions some regulatory relief from savings surges during the coronavirus crisis...