NASCUS Report Archives
Higher OTR limits insurance fund, NASCUS writes in comment letter
(Nov. 6, 2020) Increases in the overhead transfer rate (OTR – the rate at which dollars transferred from the National Credit Union Share Insurance Fund (NCUSIF) to fund insurance-related costs...
Marijuana measures getting OK by voters
(Nov. 6, 2020) While the presidential election contest remained too close to call days after the election, legalizing marijuana for personal or medical uses in five states was a different...
Final debt collection communications rule issued
(Nov. 6, 2020) A final rule focusing on communications between consumers and debt collectors under the Fair Debt Collection Practices Act (FDCPA) was released late last week by the CFPB,...
NCUA names permanent E&I director
(Nov. 6 ,2020) Ending an eight-month role as “acting” top supervisor for NCUA, Myra Toeppe has formally been named the director of the agency’s office of examination and insurance, according...
Agency sets two webinars in coming weeks
(Nov. 6, 2020) Two webinars – one on fair lending and consumer compliance and another on financial literacy and consumer financial protection for servicemembers – are on the horizon for...
CU, other bureau advisory groups schedule meetings
(Nov. 6, 2020) The CFPB’s Credit Union Advisory Council (CUAC), along with the Consumer Advisory Board (CAB) and the Community Bank Advisory Council (CBAC), are scheduled to meet in a...
Registration opens for CU Campus 365
(Nov. 6, 2020) Registration for CU Campus 365 – the NASCUS partnership with the Bank Administration Institute offering affordable, customizable on-line compliance and education for credit unions – is open...
BRIEFLY: BSA/AML eSchool earns accreditation; comments due Jan. 4 on supervisory guidance proposal
(Nov. 6, 2020) Continuing its streak of accreditation, the NASCUS-CUNA BSA/AML Certification eSchool – now underway through Dec. 7 – has again been certified for continuing education units (CEUs) by...
NCUA joins regulators in proposing rule codifying supervisory guidance
A proposed rule aimed at clarifying and codifying the role of supervisory guidance from federal financial institution regulators was adopted by NCUA this week, joining the federal banking agencies and...
Regulators, including Hood, to testify Nov. 12
Diversity, accountability, and safety and soundness of financial institutions during the coronavirus crisis will be topics when federal financial institution regulators – including NCUA Board Chairman Rodney Hood — appear...
Marijuana on the ballot in at least 5 states
There is more to Tuesday’s national election than who or which party controls the White House and Congress – there are also questions, in four states, as to whether marijuana...
In a first of its kind, NY cites risk from climate change
Credit unions and banks in New York have been advised by their state regulator to integrate financial risks from climate change into their governance, risk-management and business strategy frameworks, reportedly...