NASCUS Report Archives
Regulators ramp up guidance on LIBOR transition
(Oct. 22, 2021) Actions credit unions, banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate were outlined in joint...
BRIEFLY: FedNow on track; Treasury scales back balance reporting proposal; Tech giants providing payment services ordered to give up info
(Oct. 22, 2021) “FedNow” – the Federal Reserve’s much-anticipated (and delayed) round the clock payment system – will be ready “sooner rather than later,” Federal Reserve Bank President Esther George...
Contentious CUSO proposal up for consideration by NCUA Board
(Oct. 15, 2021) Finalizing a proposed – and contentious — rule on expanded lending and services provided by federal credit union (FCU) credit union service organizations (CUSOs) highlights the scheduled...
Webinar set to walk credit unions through ACET
(Oct. 15, 2021) Describing a new set of tools it has developed to promote digital safety as a “holistic cybersecurity resource” for credit unions, NCUA has scheduled an Oct. 28...
Bias in home appraisals focus of session
(Oct. 15, 2021) In other NCUA webinar developments, the agency said this week that, on Oct. 27, it is hosting an event focusing on bias in home appraisals and the...
MDI mentoring grant round open through Oct. 29
(Oct. 15, 2021) Credit unions with both minority depository institution (MDI) and low-income (LICU) designations may apply now, through Oct. 29, for NCUA’s mentoring grants worth a total of $100,000,...
‘Time to move’ from LIBOR, group recommends
(Oct. 15, 2021) It’s “time to move” from LIBOR now by slowing the use of the reference rate by year’s end to foster a smooth completion of the rate’s overall...
Chopra takes CFPB reins; taps senior staff
(Oct. 15, 2021) The CFPB has a new, permanent director (for a five-year term, at least – or until the president decides to make a change), who this week also...
BRIEFLY: New laws in CA; Job openings in OR; Fed supervision vice chair loses a role
(Oct. 15, 2021) California legislation was signed into law this week, the California and Nevada Credit Union Leagues reported. The new law for state credit unions: allows expulsion of members...
National award cites NASCUS leader’s ‘outstanding individual achievements’
(Oct. 8, 2021) NASCUS President and CEO Lucy Ito was named this week a winner of the 33rd Annual Herb Wegner Memorial Awards, widely considered the most prestigious honor in...
Summaries outline letter, alert, and proposed rule
(Oct. 8, 2021) Three new summaries were posted by NASCUS this week on: An NCUA regulatory alert on credit union credit card data submission to the CFPB; an NCUA letter...
Biz loan data collection proposal outlined
(Oct. 8, 2021) A summary of a proposal by the CFPB to collect business loan data from lenders has been published and posted by NASCUS. Comments on the proposal are...