News Archives
2021 NCUA reg review outlined in summary
(March 5, 2021) NASCUS has published its summary of NCUA’s regulatory review roster for 2021, which lists the one-third of the agency rules that it is reviewing – part of...
Nominee calls for fair, effective mortgage market oversight
(March 5, 2021) Saying he looks forward to approaching with an open mind the mission of the CFPB, director nominee Rohit Chopra told a Senate panel this week that fair...
Bureau says action need to prevent evictions
(March 5, 2021) The day before CFPB Director Nominee Rohit Chopra’s appearance before a Senate committee considering his nomination, the bureau released a report from the current acting director saying...
CFPB puts brakes on new QM rule
(March 5, 2021) The mandatory compliance date of the general qualified mortgage (QM) final rule would be delayed 15 months (from July 1 to Oct. 1, 2022) under a proposal...
BRIEFLY: Hood named to NeighborWorks America board; Agencies told to install Microsoft Exchange patch; Job opening in WA; Follow NASCUS now on Facebook!
(March 5, 2021) NCUA’s Rodney Hood was named the agency’s representative on the board of NeighborWorks America, a public-private organization that promotes affordable housing and community development, NCUA Chairman Todd...
State system leaders Idol, Santos, Vega honored with 2020-21 Pierre Jay Awards
(Feb. 26, 2021) Honorees of the 2020-2021 Pierre Jay Awards – the highest honors bestowed by NASCUS for persons or entities demonstrating service, commitment and leadership to the state system...
NASCUS backs exemptions from SARs
(Feb. 26, 2021) A comment letter supporting NCUA’s proposed rule about credit union exemptions from filing suspicious activity reports (SARs) has been submitted by NASCUS, which also some recommendations for...
Summaries outline RBC, RBNW proposals
(Feb. 26, 2021) Summaries on NCUA proposals for simplifying risk-based capital (RBC) requirements and on the complex credit union threshold under risk-based net worth (RBNW) for relief during theCOVID-19 pandemic...
Subordinated debt, related corporate rules finalized
(Feb. 26, 2021) Final rules on subordinated debt and corporate credit unions were finally published in the Federal Register this week, completing the action on the final rules and opening...
Agency publishes reg review for 2021
(Feb. 26, 2021) NCUA this week published its regulatory review roster for 2021, listing the one-third of its rules that it is reviewing – part of the three-year review plan...
Revising – or revoking – ‘seasoned QM’ rule under consideration
(Feb. 26, 2021) Revoking or revising the “seasoned” qualified mortgage (QM) final rule issued in December is under consideration by CFPB, according to a statement issued this week by the...
Ability-to-repay/QM rules updated in guide
(Feb. 26, 2021) Updates to the small-entity compliance guide on the ability-to-repay/qualified mortgage (QM) rule were also issued this week by the bureau, reflecting amendments to last year’s final rules...