News Archives
Marijuana on the ballot in at least 5 states
There is more to Tuesday’s national election than who or which party controls the White House and Congress – there are also questions, in four states, as to whether marijuana...
In a first of its kind, NY cites risk from climate change
Credit unions and banks in New York have been advised by their state regulator to integrate financial risks from climate change into their governance, risk-management and business strategy frameworks, reportedly...
ON THE (virtual) ROAD: Leadership, competition lead podcast
Credit unions, their relationships with regulators, leadership during a national pandemic, and teambuilding are all discussed during a podcast NASCUS President and CEO Lucy Ito recorded with news aggregator CUInsight,...
‘CU Campus 365’ offers affordable, on-line education
A new partnership – CU Campus 365 — developed between NASCUS and the Bank Administration Institute (BAI) and which offers affordable, customizable on-line compliance and education for credit unions, was...
BRIEFLY: Sign up now for Examiner School in MI next week; TN Directors’ College coming; Student loan complaints drop again (for no specific reason); don’t forget to vote!
The NASCUS Michigan Examiner School gets underway on Thursday (Nov. 5) in a virtual setting. The three-hour session features sessions on fraud (with Rayleen Pirnie, Director Risk and Fraud, New...
In podcast, NASCUS’ Ito talks leadership, regulation, teambuilding
Credit unions, their relationships with regulators, leadership during a national pandemic, and teambuilding are all discussed during a podcast NASCUS President and CEO Lucy Ito recorded with news aggregator CUInsight,...
State system supports CECL proposal, but seeks some changes from NCUA
The state credit union system offered support for mitigating the day-one effect of the current expected credit loss (CECL) accounting standard on capital levels, but also offered a number of...
NCUA’s Hood recommits to financial inclusion
Saying he has “reinforced” his commitment to financial inclusion, NCUA Board Chairman Rodney Hood this week announced a new program sponsored by the agency to do just that, by launching...
Agencies issue proposed rule on guidance; NCUA to follow
The role of “supervisory guidance” would be clarified as meaning it doesn’t have the force of law in a proposed rule issued this week by federal banking regulators, CFPB and,...
BUSY CFPB: Issues chart of HMDA data to be collected …
A reference tool for HMDA data required to be collected and recorded in 2021 and reported in 2022 was published by CFPB late last week and is intended to help...
BUSY CFPB: Begins rulemaking on financial records access …
Information from the public on the best way to go about developing a rule on consumer access to financial records is being sought by CFPB in an advance notice of...
BUSY CFPB: Extends ‘GSE patch’ until new QM rule finalized
The “government-sponsored enterprise” (GSE) patch – which gives mortgages guaranteed by Freddie Mac and Fannie Mae “qualified mortgage” (QM) status – will be extended until a final rule is approved...