NASCUS Report Archives
More time added for diversity self-assessments
(Jan. 14, 2022) More than two more weeks – to Jan. 31 – have been added for federally insured credit unions (FICUs) to complete and submit the voluntary Credit Union...
CFPB reminds medical debt collectors of obligations
(Jan. 14, 2022) A reminder to debt collectors of their obligations when collecting medical debts to comply with federal prohibitions on misrepresentations and unfair practices was issued Thursday by the...
Agencies seek solutions for ‘digital identity proofing’
(Jan. 14, 2022) Measuring the effectiveness of digital identity proofing – the process used to collect, validate and verify information about a person – is the aim of a “tech...
Phony entity poses as a credit union with a bank charter
(Jan. 14, 2022) Entities using a “multitude” of fictitious names and websites – including as a credit union — are purporting to offer banking services in the state of Florida,...
State System Summit on the radar for Aug. 15-17
(Jan. 14, 2022) Aug. 15-17 are the dates for the NASCUS State System Summit (S3), set for Huntington Beach, Calif., the association announced this week. The yearly event – the...
Planning underway for April 12-14 National Meeting
(Jan. 14, 2022) And, for regulators, don’t forget that April 12-14 are the dates for the National Regulator Meeting to be held in San Diego. Exclusively open to state regulators...
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...