News Archives
Bulletin highlights concern over expected eviction surge
(July 9, 2021) Landlords, consumer reporting agencies (CRAs), and others are reminded of their obligations to accurately report rental and eviction information in a compliance bulletin published by CFPB this...
Time to sign up for Aug. 12 NASCUS 101
(July 9, 2021) It’s time to register for NASCUS 101 – the popular series of webinars that explains how NASCUS members can get the most out of their memberships –...
Another speaker lined up for Aug. 17-18 Summit
(July 9, 2021) Diane Reed, president of HRDoc in Fairfax, Va., is the latest speaker to be added to the roster addressing the 2021 NASCUS State System Summit (S3), a...
BRIEFLY: NCUA charters 2nd credit union of year; OCC ‘retires’ position of COO; NASCUS present at international CU regulators conference
(July 9, 2021) Community First Fund Federal Credit Union, of Lancaster, Penn., was chartered this week by NCUA, the second credit union chartered so far this year by the federal...
Some credit unions in line for $865 million corporate CU distribution
(July 2, 2021) More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as NCUA closes its program...
Agencies vow to alter rules reflecting new AML/CFT priorities
(July 2, 2021) Plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for combatting money laundering and financing of terrorism were outlined this week in...
FinCEN (with NASCUS’ help) to propose ‘no-action’ letters
(July 2, 2021) A “no-action letter” process – a form of regulatory enforcement discretion in which an agency states, in writing, that will not take an enforcement action against a...
Guidance expanded for assessing technology risk, adequacy
(July 2, 2021) Expanded guidance on assessing the risk profile and adequacy of a credit union’s or other financial institution’s technology architecture, infrastructure and operations for federal examiners is provided...
Report details violations of consumer law in ‘20
(July 2, 2021) Four types of violations during 2020 of federal consumer protection and anti-discrimination laws – including those involving student lending and mortgage lending disclosures — are branded “particularly...
New law protects PA fund that finances regulator
(July 2, 2021) Pennsylvania credit unions are applauding the passage of state legislation prohibiting the transfer of monies from the state’s Banking Fund to pay for state government operations other...
Fed announces tool for small banks grappling with CECL
(July 2, 2021) A new tool aimed at helping smaller banks calculate their allowances under the new current expected credit loss (CECL) accounting standard was announced by the Federal Reserve...
Planning for 2021 Summit, Aug. 17-18, under way now
(July 2, 2021) The NASCUS 2021 State System Summit (S3) is coming up Aug. 17-18 as a virtual event again this year, with the agenda for the event now coming...