News Archives
BRIEFLY: NCUA, CDFI Fund set webinar on small-dollar loan program; Regulators to testify; Trades oppose debt collection legislation
(May 14, 2021) The small-dollar loan program of the Treasury’s Community Development Financial Institution (CDFI) Fund related to credit unions is the subject of a webinar planned for May 27 by...
Lucy Ito announces retirement at YE ’21; pledges no interruption to NASCUS’ work
(May 7, 2021) Lucy Ito, NASCUS President and CEO since 2014, will retire from the position at year’s end, she announced this week. The association is conducting a search for...
From 2014 on, NASCUS’ Ito built a record of achievement
(May 7, 2021) During her tenure as NASCUS president and CEO, Lucy Ito has been the leader for the state system on a number of issues and initiatives, including: Advocating...
States need same ‘beneficial ownership’ info too
(May 7, 2021) State regulators must have access to the same “beneficial ownership” information that federal agencies will have under legislation adopted last year, and made available through a database,...
Letter outlines concern over CUSO reporting requirements
(May 7, 2021) Possible, additional reporting requirements for state credit unions because of a proposed new rule on credit union service organizations (CUSOs) is a key concern outlined by the...
Agencies warn on evictions (court: not so fast)
(May 7, 2021) Apartment landlords were put on notice this week by the CFPB that federal protections are in place to keep tenants from being evicted, at least for the...
IN’s Fite named chair at SLC
(May 7, 2021) Tom Fite, director of the Indiana Department of Financial Institutions, is now chairman of the State Liaison Committee (SLC) of the FFIEC, the group said this week....
TRANSITIONS: So long in NC; new leadership for state associations in WV, MI
(May 7, 2021) James “Tim” Merritt, assistant administrator of the North Carolina Credit Union Division, has announced his retirement, effective a week from today (May 14) … Meanwhile, in credit...
BRIEFLY: First new FCU of year chartered; will serve local Islamic community …
(May 7, 2021) A new federal credit union chartered late last month in Kendall Park, N.J., to serve a local Islamic community will offer its members non-interest-bearing consumer loans, among...
Bureau moves QM final rule compliance date to Oct. ‘22
(April 30, 2021) Compliance with a final rule on “qualified mortgages” (QM) is delayed to Oct. 1, 2022, the CFPB said this week, asserting that the pause would allow lenders...
Summary tackles proposed delay on debt collection rules
(April 30, 2021) The proposed delayed compliance dates for two debt collection rules from CFPB issued under the Fair Debt Collection Practices Act (FDCPA) has been summarized by NASCUS and...
Minority counties submitted more consumer complaints
(April 30, 2021) More complaints – particularly about credit or consumer reporting — were received in 2019 and 2020, on a per capita basis, from consumers living in predominantly minority...