NASCUS Report Archives
BRIEFLY: Clarida resignation will leave three seats open on Fed Board; Powell testifies for a second term as chair
(Jan. 14, 2022) There will soon be three vacancies on the governing board of the nation’s central bank, as the current vice chair resigned, effective today (Jan. 14). Citing only...
For 2022, new leader Knight to follow closely mission, purpose outlined by leadership
(Jan. 7, 2022) NASCUS will follow closely in 2022 its mission and purpose as adopted by association leadership in 2021, new NASCUS President and CEO Brian Knight said this week...
Nominations for Harper, Fed leaders, resubmitted
(Jan. 7, 2022) The nomination of Todd M. Harper to be reappointed chairman of the NCUA Board, for a six-year term to run through April 2027, was resubmitted by the...
New leadership ahead for FDIC
(Jan. 7, 2022) The leadership of the FDIC will be changing next month following the surprise resignation New Year’s Eve by board Chairman Jelena McWilliams. In a letter to President...
Agency closes one CU, merges another
(Jan. 7, 2022) NCUA closed out 2021 by liquidating a credit union, and started 2022 by merging a struggling California credit union with another in the Golden State. Early this...
Alert notes increasing Reg Z, M thresholds, Reg V fees
(Jan. 7, 2022) A regulatory alert calling attention to threshold and fee adjustments – which are increasing for the new year — under truth in lending, consumer leasing and fair...
April 12-14 is date for National Regulator Meeting
(Jan. 7, 2022) Regulators, mark your calendars for April 12-14, when the National Regulator Meeting will be held in San Diego. Exclusively open to state regulators only, the three-day meeting...
BRIEFLY: Former state regulator up for top Fed supervisor seat, reports say; Nebraska turns back bank purchase by CU; CFPB calls out credit reporting agencies
(Jan. 7, 2022) Sarah Bloom Raskin, a former Maryland financial institution regulator who also served as a deputy Treasury secretary and member of the Federal Reserve Board, is under consideration...
Knight to take NASCUS reins; succeeds Ito at start of new year
(Dec. 23, 2021) Brian Knight is the next president and CEO of NASCUS, the association announced this week, effective Jan. 1. He succeeds Lucy Ito, who retires as of Dec....
FSOC: Stable coin risks should be addressed
(Dec. 23, 2021) Regulators should take appropriate actions within their jurisdictions to address risks associated with digital assets like stablecoins, while continuing to coordinate and collaborate on issues of common...
‘Buy now, pay later’ faces CFPB scrutiny
(Dec. 23, 2021) Concern about accumulating debt, regulatory arbitrage, data harvesting, and other components associated with “buy now, pay later” (BNPL) plans has led the CFPB to open an inquiry...
Agency extends through next year COVID reg relief
(Dec. 23, 2021) Pandemic-related regulatory relief under rules on loan participations, eligible obligations, and occupancy requirements for certain properties has been extended to year-end 2022, under a temporary final rule...