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Subordinated Debt Final Rule Effective January 1, 2022

LTCU: (21-CU-13) Subordinated Debt Final Rule Effective January 1, 2022  November 2021 NCUA’s LTCU was issued to reminder to FICUs that the final subordinated debt rule (NASCUS summary here) becomes effective on...

IRS’s Volunteer Income Tax Assistance Program Collaboration Opportunities

LTCU 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities  November 2021 Credit unions have until November 15, 2021, to contact the Internal Revenue Service (IRS) to inquire...

Final Rule Summary: FCU CUSOs

Final Rule Summary: FCU CUSOs (Parts 712) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA has issued a final rule related to federal credit union (FCU) credit...

Final Rule Summary: CAMELS Rating System

Final Rule Summary: CAMELS Rating System (Parts 701, 703, 704, 713) October 2021 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA is updating the NCUA’s supervisory rating system from...

NCUA Risk Alert: Business Email Compromise through Exploitation of Cloud-Based Email Services

NCUA Risk Alert: 21-RISK-01 Business Email Compromise through Exploitation of Cloud-Based Email Services October 2021 NCUA issued Risk Alert 21-Risk-01 to provide credit unions a warning regarding a common Business Email...

Interagency Statement on LIBOR Transition

LTCU 21-CU-10 Interagency Statement on LIBOR Transition October 2021 NCUA issued LTCU 21-CU-10 to follow-up on Letter to Credit Unions 21-CU-03, LIBOR Transition (NASCUS summary here) and make credit unions...

Emergency Capita Investment Program

LTCU 21-CU-11 Emergency Capital Investment Program October 2021 NCUA issued LTCU 21-CU-11 to address the agency’s reconsideration of its position with respect to LICU ability to participate in the Treasury...

COVID-19 Fraud Schemes

NCUA Risk Alert: 20-Risk-02 COVID-19 Fraud Schemes August 2020 NCUA issued Risk Alert 20-RA-02 to inform credit unions about fraud risks associated with the COVID-19 pandemic. The economic dislocation resulting...

Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act

Regulatory Alert 20-RA-06 Treatment of Certain COVID-19-Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act August 2020 NCUA’s Regulatory Alert notifies credit unions of the CFPB’s interim final...

Remittance Transfers under the EFT Act

Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the Electronic...

Update to Offsite Examination and Supervision Approach

Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach May 2020 NCUA is updating its supervisory approach implemented in response to the COVID-19 crisis and originally announced...

Interpretive Rule on Waiver of TRID and TILA Waiting Periods

Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods May 2020 NCUA’s Regulatory Alert discussed the CFPB’s interpretive rule clarifying when consumers can elect...