Regulatory Affairs Archives
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Ballot Proposal Would Cap ‘Predatory’ Interest Rates for Payday Loans
Courtesy of By Samuel J. Robinson, MLive.com A ballot committee is working to put a question on the November ballot that would stop payday lenders from charging “predatory” interest rates...
Agency taps new director of diversity workforce, suppliers
(Aug. 6, 2021) Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer NCUA, the agency announced this week. The agency...
Rules aim to ease expected foreclosure surge
(July 2, 2021) Rules described as designed to help prevent a surge of foreclosures as federal protections expire were finalized this week – to become effective Aug. 31 – by...
Summary outlines key points of LIBOR letters
(May 28, 2021) An overview of the letter to credit unions on the future of the LIBOR reference rate is the latest summary to be posted by NASCUS; it is...
FAQs look at proposed effectiveness of AML requirements
(Jan. 22, 2021) Suspicious activity reporting and other anti-money laundering (AML) requirements are subjects of new frequently asked questions (FAQs) issued by NCUA, federal banking regulators and the Treasury’s Financial...
Proposal would track virtual currency transactions
(Dec. 23, 2020) New requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status were proposed by the Treasury’s financial crimes arm today,...
TRANSITIONS: New face in AZ DIFI
(Dec. 11, 2020) Shane Foster is the new deputy director of financial institutions at the Arizona Department of Insurance and Financial Institutions (DIFI, a consolidated agency, as of July 1,...
SBA Releases Paycheck Protection Program Interim Final Rule
The SBA has published an Interim Final Rule related to the Paycheck Protection Program. The rule is available on SBA’s website immediately.
FFIEC Issues 2020 Edition of the Guide to HMDA Reporting
The 2020 edition of the “Guide to HMDA Reporting: Getting It Right!” is now available. The guide was developed by member agencies of the Federal Financial Institutions Examination Council (FFIEC),...
NASCUS members join CFPB Credit Union Advisory Council
CFPB Director Kathy Kraninger announced the appointment of members to the Credit Union Advisory Council (CUAC). Among the appointees are NASCUS members Teresa Campbell, President & CEO, San Diego County Credit Union and Brian Holst, General Counsel, Elevations Credit Union.
CFPB to Host Symposium on Behavioral Economics
The CFPB will host a symposium on Behavioral Economics. The session will feature remarks from CFPB Director Kathleen Kraninger and Deputy Director Brian Johnson.
NASCUS Summarizes NCUA’s Fidelity Bond Rule
NCUA has finalized amendments to Part 713 and Part 704 regarding fidelity bond coverage for natural person and corporate credit unions. Part 713 applies to federally insured state-chartered credit unions...