News Archives
Alert urges review of mortgage servicing rules
(July 30, 2021) Credit unions should review a June 30 rule temporarily amending certain mortgage servicing requirements under the Consumer Financial Protection Bureau’s (CFPB) Regulation X to assist borrowers affected...
Before pandemic, home loan borrowers were optimistic
(July 30, 2021) Slightly more Americans were not concerned about qualifying for a mortgage during the application process in 2019 (compared to the year before) before the COVID-19 pandemic began,...
AROUND THE STATES: WA DFI earns re-accreditation
(July 30, 2021) Chalk up the Washington Department of Financial Institutions–Credit Union Division as another state regulatory agency that has undertaken the rigorous process of earning re-accreditation through the NASCUS...
‘S3’ – NASCUS’ flagship event of 2021 – fast approaching
(July 30, 2021) The virtual 2021 NASCUS State System Summit (S3) is fast approaching – just less than three weeks away, Aug. 17-18 – and registrations are being taken now....
Examiners invited to attend Aug. 16 school
(July 30, 2021) Meanwhile, state credit union examiners from around the country can participate in the Aug. 16 Kentucky Examiner School, developed to help examiners build skill sets and enhance...
NASCUS 101 coming up Aug. 12
(July 30, 2021) Just a reminder that the next episode of NASCUS 101 — the series of webinars that covers the many ways NASCUS members can reap the most of...
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...