NASCUS Report Archives
CFPB’s bulletin on foreclosure expectations outlined
(April 16, 2021) In another summary prepared this week, NASCUS outlines a bulletin issued by the bureau April 6 detailing its expectations for mortgage servicers’ engagement with borrowers in the...
Marijuana/hemp e-school highlights ed events ahead
(April 16, 2021) Mark your calendars for a series of education events coming up in the next couple of months, particularly a three-day virtual event in June focusing on marijuana...
TRANSITIONS: Permanent commissioner in MN
Grace Arnold is now the permanent commissioner of the Minnesota Department of Commerce, as appointed by Gov. Tim Walz (D) Thursday. She replaced Steve Kelley in the role. As commissioner,...
ON THE (virtual) ROAD: In AZ
(April 16, 2021) NASCUS President and CEO Lucy Ito was on the virtual road this week meeting with First Credit Union of Chandler, Ariz. Calling itself Arizona’s “original” credit union...
BRIEFLY: New comms staffer at NCUA; Hiring of people of color up at agency; LIBOR legacy contract legislation advocated; Biden reportedly preparing order to assess climate change ‘financial risk’
(April 16, 2021) Samuel Schumach was tapped as deputy director for external affairs and communications at NCUA this week by agency board Chairman Todd Harper. Schumach previously served as legislative...
Freezing foreclosures until year’s end proposed by CFPB
(April 9, 2021) Widely depicted as a freeze on foreclosures until after Dec. 31, the CFPB this week unveiled a set of new rules it said were aimed at preventing...
CFPB outlines plan to keep tabs on mortgage servicers
(April 9, 2021) Following its proposed rules to prevent “avoidable foreclosures,” the bureau later in the week released a new bulletin detailing its expectations for mortgage servicers’ engagement with borrowers...
Bureau delays compliance for pair of debt collection rules
(April 9, 2021) Two debt collection rules – which had been slated to take effect Nov. 30 – will now have a delayed compliance deadline of Jan. 29, 2022, under...
NASCUS stays up to date with CFPB developments
(April 9, 2021) Every time CFPB issues a new proposal, rule, clarification, report to Congress, report on consumer attitudes and actions – and more – NASCUS makes note of it...
FinCEN wants to know: How to use beneficial ownership info?
(April 9, 2021) Feedback on implementation of new laws requiring certain business entities to submit their beneficial ownership information directly to the federal financial crimes enforcement agency is being sought...
Changes made to FinCEN leadership
(April 9, 2021) Leadership at FinCEN changes Sunday as a new acting director takes office, following the effective date today of the resignation of the most recent director. The Treasury...
Two weeks to Pierre Jay Awards presentations (April 22)
(April 9, 2021) It’s now just about two weeks until the 2021 Pierre Jay Awards will be presented to three members of the state credit union system being honored for...