NASCUS Report Archives
BRIEFLY: ‘Every tool’ now available to transition from LIBOR; Agencies expand paid tax leave credit for vaccinations
(July 30, 2021) Market participants now “have every tool they need to transition from LIBOR,” the vice chair of the Federal Reserve said this week, as a Fed-backed group developing...
Capital proposal would allow CUs to ‘opt in,’ avoid RBC requirements
(July 23, 2021) Federally insured credit unions with $500 million or more in assets could avoid risk-based capital (RBC) requirements and opt-in to a new measure of capital adequacy if...
Proposal is welcome development to state system
(July 23, 2021) NASCUS President and CEO Lucy Ito said the state system welcomes the proposal and that it will carefully analyze it and offer comments. “NASCUS has encouraged NCUA...
RFI seeks feedback on use of digital assets
(July 23, 2021) In other action Thursday, the NCUA Board issued a request for information on digital assets and related technologies, with a particular eye on current and potential uses...
Regulators offer guidance on 3rd party risk management
(July 23, 2021) Comments are due to federal banking regulators Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology...
Bank agencies vow to work together on CRA rule
(July 23, 2021) New regulations on anti-redlining rules will be rescinded, and federal banking agencies vowed to work together to develop a new proposal, the agencies announced this week. On...
ON THE (virtual) ROAD: Participating in World Council events
(July 23, 2021) NASCUS President and CEO Lucy Ito sat in on two panels this week for virtual presentations associated with the World Council of Credit Unions (WOCCU) virtual annual...
’21 State System Summit (S3) less than 1 month away!
(July 23, 2021) The NASCUS 2021 State System Summit (S3) is now less than a month away – Aug. 17-18 – offering two days of learning and networking with credit...
BRIEFLY: Calling all examiners to KY school Aug. 16
(July 23, 2021) State credit union examiners from around the country are invited to participate in the Aug. 16 Kentucky Examiner School, developed to help them build skill sets and...
NCUA Board to propose new complex CU leverage ratio
(July 16, 2021) A proposed rule on a new complex credit union leverage ratio (CCULR) is on the agenda for a the NCUA Board when it meets next week in...
Agency to open phase 1 of onsite operations
(July 16, 2021) The “first phase” of NCUA’s plan to resume onsite operations – including exams — will begin Monday, the agency said this week, with staff and contractors permitted...
Summaries outline final rules on CECL, derivatives
(July 16, 2021) Summaries of two final rules – on transition to the new current expected credit loss (CECL) accounting standard, and on derivatives – have been posted on the...