News Archives
Harper repeats call for CUSO exam authority
(Aug. 6, 2021) Congress should give NCUA authority to examine (and enforce actions) over third party vendors, NCUA Board Chairman Todd Harper said in testimony to the Senate Banking Committee...
New eviction moratorium effective to Oct. 3
(Aug. 6, 2021) Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued this...
Letter outlines limits on capitalizing loans
(Aug. 6, 2021) The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of...
Nov. 30 is effective date for debt collection rules
(Aug. 6, 2021) After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the CFPB late last week said the rules would...
Rule attempts to clarify Juneteenth impact on mortgages
(Aug. 6, 2021) Whether the new Juneteenth federal holiday (federally observed for the first time this past June) counts as a business day or federal holiday for purposes of mortgage...
Three key events for state system just days ahead
(Aug. 6, 2021) Three key and “must attend” events for many in the state system are just days ahead. Here’s a rundown of the NASCUS-sponsored sessions, by their respective dates:...
BRIEFLY: Risk management director opening in MA; FCUs advised of 18% loan cap
(Aug. 6, 2021) The Massachusetts Division of Banks is looking for candidates to fill the position of chief director of risk management (safety & soundness) supervision. For more information, see...
NASCUS: NCUA approach to NOL must accept tie between OTR, budget
(July 30, 2021) Any discussion about the normal operating level (NOL) of the federal credit union share insurance fund must acknowledge that the actual equity ratio of the fund is...
NCUA’s Harper, bank regulators, to face Senate panel
(July 30, 2021) NCUA gets a chance to share its views with the Senate next week when Board Chairman Todd Harper is scheduled to testify before the body’s Banking Committee....
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...