NASCUS Report Archives
Apr. 7: CFPB Updates This Week
The CFPB issued the small business lending rule. To help financial institutions implement and comply with the small business lending rule, the CFPB is launching a dedicated regulatory and technical support program called SBL Help...
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: NCUA News This Week
This week's news includes a Regulatory Alert on Home Mortgage Disclosure Act Data Collection Requirements and a Share Insurance Webinar on April 13th...
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...
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...
2023 NASCUS GAC Recap
National Association of State Credit Union Supervisors (NASCUS) had a busy week at the 2023 Credit Union National Association Governmental Affairs Conference (CUNA GAC). Approximately 5,500 industry stakeholders gathered in Washington, DC, this year to discuss the pressing issues and challenges confronting the credit union system and broader financial services sector.
GAC ’23 Activites Around the States
California Credit Union League/Nevada Credit Union League: CUs Have Productive Talks with Congress & Regulators. More than 300 California and Nevada leaders spent their week advocating for credit unions in meetings with congressional lawmakers and regulators in Washington, D.C.