News Archives
Board to consider final joint-account rule
(Feb. 12, 2021) A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open...
March 1 HMDA filing date coming up
(Feb. 12, 2021) Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, NCUA reminded this week in a...
Summary outlines complex ‘seasoned QM’ rule
(Feb. 12, 2021) The new “seasoned qualified mortgage” (QM) from CFPB is the focus of the latest summary published by NASCUS and now available on the association’s website (to members...
Fed makes 0% Reg D reserve permanent
(Feb. 12, 2021) A reprieve for financial institutions from reserve requirements on transactions accounts, implemented last March to keep money flowing amid the coronavirus pandemic, will be permanent under a...
Acting bureau director voices aggressive tone
(Feb. 12, 2021) The CFPB is voicing a more aggressive tone under the leadership of Acting Director Dave Uejio, as evidenced by two initiatives he announced this week. Uejio is...
NY climate change stance cited once more
(Feb. 12, 2021) The New York State Department of Financial Services (NYDFS) was cited, again, this week for its position on financial risk through climate change in a report issued...
BRIEFLY: MA earns reaccreditation; Tool aims to ease bank LIBOR transition; happy President’s Day!
(Feb. 12, 2021) Congratulations to the Massachusetts Division of Banks (credit union supervision) on being reaccredited by NASCUS. Established in 1989, the NASCUS Accreditation Program administers and assures quality standards...
Capitalization of interest rule needs ‘expeditious’ decision, NASCUS writes
(Feb. 5, 2021) A proposed rule allowing credit unions to capitalize interest should be finalized “expeditiously,” NASCUS said in a comment letter to NCUA this week, noting its support for...
Trio of summaries look at CAMELS, CUSO lending, communications
(Feb. 5, 2021) Three summaries of recent NCUA proposals were posted this week by NASCUS, dealing with the addition of a new component to the examination rating system, lending by...
‘Seasoned QM’ final rule described
(Feb. 5, 2021) NASCUS’ latest summary of CFPB actions outlines the new rule on season qualified mortgages (QMs) under the Truth-in-Lending Act (Regulation Z); the summary was posted this week....
Harper to outline priorities in Feb. 11 webinar
(Feb. 5, 2021) The new chairman of the NCUA Board will discuss his priorities for the agency and the credit unions it supervises during a 90-minute webinar set for next...
NCUA chairman taps chief of staff
(Feb. 5, 2021) Catherine Galicia – with a long resume of service on Capitol Hill — has been selected as chief of staff by Board Chairman Todd Harper, the credit...