News Archives
NASCUS, marking Juneteenth, recommits to equality, respect
(June 18, 2021) The designation of a federal holiday to mark Juneteenth – the commemoration of the emancipation of enslaved people in the United States – is both a time...
Two named to NASCUS CU Advisory Council
(June 18, 2021) Two state credit union CEOS have been named to the NASCUS Credit Union Advisory Council by Council Chairman Mike Williams, one completing a three-year term of a...
NASCUS 101 series kicks off next week
(June 18, 2021) Just a reminder that the first NASCUS 101 for 2021 – the popular series of webinars that explains how NASCUS members can get the most out of...
TRANSITIONS: In CA, Alvarez steps down; in PA, retirement (and new CEO) for NBCU
(June 18, 2021)Manuel P. (“Manny”) Alvarez, commissioner of the California Department of Financial Protection and Innovation (since March 2019) is stepping down today. According to press reports, he wants to...
BRIEFLY: 2020 mortgage lending data available; FDIC’s DIF falls to 1.25% (no change in assessments)
(June 18, 2021) 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under HMDA are now available, the FFIEC said Thursday. Covered institutions include credit unions, banks, savings associations...
States keep more than half of assets, which neared $2 trillion at end of 1Q21
(June 11, 2021) Credit union assets mushroomed to a total of just under $2 trillion in the first quarter of the year – and state-chartered credit unions kept pace with...
Letter underscores PCA relief renewal
(June 11, 2021) Actions taken by the federal credit union regulator in April – extending temporary provisions giving credit unions some regulatory relief from savings surges during the coronavirus crisis...
Summaries outline reg alerts on ECOA, QM
(June 11, 2021) NASCUS posted two other summaries this week, on NCUA-issued “regulatory alerts” over the last two weeks on the CFPB’s Regulation B (Equal Credit Opportunity Act, ECOA), and...
AROUND THE STATES: TX regulator gets 12 more years
(June 11, 2021) With the signing by the governor of legislation giving the Texas Credit Union Department 12 more years to serve the state’s credit unions and members, the agency’s...
Report critiques bureau’s fair lending reorganization
(June 11, 2021) Changes made during its reorganization have led to a loss of fair lending expertise at the CFPB, and other actions taken by the agency could lead to...
Marijuana/hemp eSchool wraps up
(June 11, 2021) Marijuana and hemp are the subjects of a three-day virtual conference, sponsored by NASCUS, which wraps up today after delving into a wide variety of subjects about...
BRIEFLY: Transition – Farewell to VA’s Hughes after 41 years; Retiring Ito profiled in American Banker; Trades warn about more reporting; 2 weeks left to apply for CDRLF grants
(June 11, 2021) Congratulations to Virginia’s Robert “Bob” Hughes retired as deputy director of the State Corporation Commission Bureau of Financial Institutions on May 28 after 41 years of service...