NASCUS Report Archives
Ohio Bank Reaches $9M Redlining Settlement With DOJ
As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area
Feb. 17: CFPB Updates This Week
Appraisal standards must include federal prohibitions against discrimination The CFPB and leaders from across the federal government submitted a joint letter to The Appraisal Foundation (TAF), the private, nongovernmental organization...
Lael Brainard Submits Resignation as Vice Chair and Member of the Federal Reserve Board
Lael Brainard submitted her resignation February 14, 2023 as Vice Chair and a member of the Federal Reserve Board, effective on or around February 20, 2023. She has been a...
NASCUS Summary: NCUA Board Meeting (Feb. 2023)
On February 26, the NCUA Board held its second open meeting of 2023. The Board unanimously approved two items. The items approved included a long-awaited final rule on cyber incident...
Federal Reserve Board releases hypothetical scenarios for its 2023 bank stress tests
The Federal Reserve Board on Thursday released the hypothetical scenarios for its annual stress test, which helps ensure that large banks are able to lend to households and businesses even...
Feb. 10: CFPB Updates This Week
PUBLISHED FEB 9, 2023 CFPB publishes HMDA Regulatory and Reporting Overview Reference Chart for Data Collected in 2023 Today, the CFPB published the Regulatory and Reporting Overview Reference Chart for HMDA...
How the LIBOR Transition Affects the Supply of Revolving Credit
In the United States, most commercial and industrial (C&I) lending takes the form of revolving lines of credit, known as revolvers or credit lines...
CFPB Proposes Rule to Rein in Excessive Credit Card Late Fees
Proposed rule seeks to close loophole exploited by companies to hike fees with inflation Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to curb excessive credit card late...
NCUA Releases New Updated FAQs on CECL, Simplified CECL Tool
Jan. 30, 2023 – The NCUA has released updates to its frequently asked questions on the current expected credit losses (CECL) accounting standard and its Simplified CECL Tool. The CECL GAAP...
House Passes Three Bipartisan Financial Services Bills
January 30, 2023 – Today, the U.S. House of Representatives passed several pieces of bipartisan financial services legislation. Among the bipartisan bills passed are initiatives to combat the financial exploitation of...
FFIEC Subcommittee Hearing on Appraisal Bias
Jan. 26, 2023 — To root out racial bias in the U.S. appraisal system, some experts say there’s no point in nibbling at the edges. Instead, they suggest tearing the...
Treasury Announces 2nd ECIP Application Round
U.S. Treasury Announces Second ECIP Application Round; Applications Due Jan. 31 Jan. 25, 2023 — The U.S. Department of the Treasury’s second application round of Emergency Capital Investment Program funding...