NASCUS Report Archives
FFIEC gives a FIG for HMDA data filing
(Sept. 17, 2021) An updated “filing instructions guide” (FIG), as well as an updated supplemental guide for quarterly filers, for reporting Home Mortgage Disclosure Act (HMDA) data for 2022 has...
Key investors named for ‘mission-driven bank fund’
(Sept. 17, 2021) A new fund designed to help banks serve low-income and minority communities will count Microsoft and Truist Financial Corp. – the sixth largest U.S. bank – as...
Full slate of NASCUS events round out year
(Sept. 17, 2021) Get out your datebooks, update your calendars, jot down some sticky notes to festoon your computer screens: NASCUS has a chock-full schedule of events planned for the...
BRIEFLY: Regulators collaborate on ‘crypto policy sprint;’ NCUA DEI Summit registration opens; Job openings in OR
(Sept. 17, 2021) Federal banking agencies have been collaborating via a “crypto policy sprint” to agree on definitions, use cases, risks, and gaps, and to discuss policy options related to...
States pass $1 trillion asset mark; keep hold of more than 50% of all
State credit unions now hold more than $1 trillion in assets, representing more than half of all assets held across the credit union system, the latest figures from NCUA show....
Summary looks at RFI on digital assets
(Sept. 10, 2021) NCUA’s request for information (RFI) on digital assets and related technologies is the latest summary posted on the association’s website; comments are due Sept. 27. Like all...
Ruling sets payday loan rule compliance date
(Sept. 10, 2021) Payment provisions in a 2017 rule on payday loans were upheld by a federal court in Texas this week, essentially turning back a challenge to the four-year-old...
Proposal would collect biz loan data from lenders
(Sept. 10, 2021) Helping regulators and the public better understand the business lending market is the stated aim of a new rule unveiled Sept. 1 by CFPB, according to its...
$1.5 million awarded to more than 100 LICUs
(Sept. 10, 2021) More than 100 low-income credit unions (LICUs) were awarded grants totaling $1.5 million to expand their outreach to underserved communities and improve digital services and security, the...
NASCUS 101 coming up Oct. 14
Mark your calendar for the latest episode of the NASCUS 101 series, coming up Oct. 14 (at 2 p.m. ET). This popular session covers, in just 30 minutes, NASCUS legislative...
BRIEFLY: Banks get more time to comment on third-party risk management guidance; Fact sheet looks at supply chain security
(Sept. 10, 2021) Banks have more time to comment on proposed guidance to help them manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said...
Regulators note concern over LIBOR transition
(Aug. 27, 2021) Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing...