News Archives
Board to consider final rules on CLF, asset thresholds
(March 12, 2021) Two interim final rules – one on the agency’s Central Liquidity Facility, the other on asset thresholds pertaining to large credit unions – are slated for action...
Alert explains requirements for HPML escrow exemptions
(March 12, 2021) Requirements for exemptions for some credit unions from establishing escrow accounts for certain high-priced mortgage loans (HPMLs) are outlined in a “regulatory alert” sent Wednesday from NCUA....
Comment periods finally open on two proposals
(March 12, 2021) After a delay of nearly two months since approval, two proposals from NCUA – on simplifying rules for risk-based capital and on adding an “S” to the...
Bureau: ECOA prohibits sexual orientation/gender discrimination
(March 12, 2021) Sexual orientation discrimination and gender identity discrimination is prohibited under equal credit opportunity regulations, CFPB said this week in an interpretive rule. Further, the subhead for the...
Delay in QM rule examined in summary
(March 12, 2021) NASCUS also this week published a summary of CFPB’s proposal to delay the general “qualified mortgage” loan proposal, which would push the mandatory compliance date back by...
Officers named to CU Advisory Council (and more)
(March 12, 2021) Two officers were named this week to the NASCUS Credit Union Advisory Council (CUAC), which represents the credit union members of the association in leadership. Mike Ryan,...
BRIEFLY: Bureau rescinds ‘abusiveness’ policy; Liang tapped for Treasury post; Chopra nomination advances despite tie vote; Q&A proposed on private flood insurance
(March 12, 2021) A policy unveiled early last year by CFPB that limited the extent of the agency’s response to certain abusive acts or practices affecting consumers was rescinded Thursday,...
States push beyond 50% of assets, as savings surged during 2020
(March 5, 2021) After inching closer and closer for years, the total amount of assets held in state-chartered credit unions has exceeded that of federally chartered credit unions, with state...
GAC ’21: Harper urges focus on capital, equity, consumer protection
(March 5, 2021) Staying focused on capital and liquidity, consumer financial protection, and diversity, equity and economic inclusion will achieve a vibrant economic outcome from the impact of the coronavirus...
GAC ’21: Hood: help for smaller CUs; Hauptman: ease path for chartering
(March 5, 2021) Watching closely to determine what additional support may be needed for smaller credit unions and minority depository institutions in the months to come as they face the...
GAC ’21: NASCUS leader offers insights for honoree
(March 5, 2021) Kudos to NASCUS Credit Union Advisory Council Member Brian Wolfburg, CEO of VyStar CU in Jacksonville, Fla., for introducing William “Bill” J. Bynum, CEO of Hope Credit...
Summary outlines HMDA data collection alert
(March 5, 2021) A “regulatory alert” outlining Home Mortgage Disclosure Act (HMDA) data collection is outlined by NASCUS in one of the latest summaries to be posted by the association....