News Archives
NCUA leaders want permanent CLF fixes
(Dec. 3, 2021) Congress should make permanent temporary enhancements to the fund that backs up credit union liquidity, which were made in response to the coronavirus crisis, the three members...
BRIEFLY: Earl announces retirement as leader of three-state league; Inflation raises interest-rate risk concern; New debt collections rules now in force; NASCUS 101 next week; Welcome new member Michigan State U. FCU
(Dec. 3, 2021) Mountain West Credit Union Association President and CEO Scott Earl announced his retirement this week, saying he will step down at the end of June next year....
NASCUS seeks to offer states’ views of ’22 NCUA budget, OTR at briefing
(Nov. 24, 2021) The state system is seeking to provide its views of the proposed NCUA 2022 budget at the agency’s public briefing in two weeks, particularly the proposed increased...
Biden begins making his mark on Fed
(Nov. 24, 2021) Leadership at the Federal Reserve would be solidified at least through 2026 if President Joe Biden’s (D) nominations for chair and vice chair of the board, made...
Environmental crime subject to BSA, agency writes
(Nov. 24, 2021) Known or suspected environmental crime is an important part of a financial institution’s compliance with the Bank Secrecy Act (BSA), according to a notice issued late last...
Bureau starts voluntary assessment of HMDA
(Nov. 24, 2021) Covering everything from the 2015 rule through last year’s revisions, a voluntary assessment of the CFPB’s Home Mortgage Disclosure Act (HMDA) rule is underway, according to the...
Rule finalized requiring notification of cyber incidents
(Nov. 24, 2021) A final rule requiring banks to notify their federal regulators of certain cyber incidents with potentially systemic effects was approved jointly late last week; it takes effect...
BRIEFLY: Fair lending, consumer compliance webinar set; NASCUS 101 on tap for Dec. 9; Bank agencies ‘clarify’ crypto-asset use in summaries; Happy Thanksgiving!
(Nov. 24, 2021) Fair lending and consumer compliance are on the agenda for a Dec. 1 webinar hosted by NCUA, the agency said this week. Registration for the 3 p.m....
NCUA proposes another increase in OTR to partially fund 2022 operations
(Nov. 19, 2021) A $345.3 million 2022 proposed budget, funded partially from an increased amount of funds transferred from the federal credit union savings insurance program, was posted this week...
Spending plan includes 48 new positions
(Nov. 19, 2021) One of the key expenses proposed in the agency’s 2022 operating budget is the addition of 48 full-time equivalency (FTE) positions, according to NCUA budget documents released...
NCUA finalizes FCU ‘shared facility’ rule – with changes
(Nov. 19, 2021) Shared locations are service facilities for purposes of multiple common bond federal credit unions (FCUs) adding underserved areas to their membership bases, as are those with electronic...
Mortgage servicer ‘flexibility’ ceased
(Nov. 19, 2021) A flexible approach is ended for supervision and enforcement of certain mortgage servicing timing requirements initiated in spring, 2020, NCUA, federal and state banking and credit union...