CU Association
Low-Income Designations: Qualification of Military Personnel
Letter to Credit Unions 20-CU-16 Low-Income Designations: Qualification of Military Personnel May 2020 NCUA has announced it is changing the agency’s approach to determining whether a credit union qualifies for...
Principles for Making Responsible Small-Dollar Loans
Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans May 2020 NCUA issued LTCU 20-CU-15 to discuss interagency guidance issued together with the Federal Reserve System, FDIC, and...
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...
Increases Reporting Thresholds Under HMDA
Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA May 2020 NCUA’s Regulatory Alert discusses the May 12, 2020 CFPB final rule amending parts of Regulation C which implement the Home Mortgage...
NCUA Final Rule: Part 722 Appraisals
NCUA Final Rule: Part 722 Appraisals Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA has published a final rule amending Part 772 regarding appraisals for certain residential...
Summary: CFPB Debt Collection Practices (Regulation F)
Summary: CFPB Debt Collection Practices (Regulation F) 12 CFR Part 1006 The Consumer Financial Protection Bureau (CFPB) Prepared by the Legislative and Regulatory Affairs Department May 2020 The Consumer Financial...
Establishment of CLF Agent Memberships
Letter to Credit Unions 20-CU-14 Establishment of CLF Agent Memberships May 2020 NCUA issued LTCU 20-CU-14 to announce that all 3,700+ credit union with assets less than $250 million may...
NCUA Interim Final Rule: Parts 702 & 723 PPP Loans & PCA and MBL
NCUA Interim Final Rule: Parts 702 & 723 PPP Loans & PCA and MBL Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA issued this interim final rule (IFR) to...
Summary: CFPB Bulletin 2020-02 “Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers”
Summary: CFPB Bulletin 2020-02 “Compliance Bulletin and Policy Guidance: Handling of Information and Documents During Mortgage Servicing Transfers” 12 CFR Part 1024 The Consumer Financial Protection Bureau (CFPB) Prepared by...
Summary CFPB Bulletin 2020-01
CFPB Bulletin 2020-01 March 2020 Responsible Business Conduct: Self-Assessing, Self-Reporting, Remediating and Cooperating In 2013, the Bureau issued a Bulletin that identified several activities that individuals/businesses could engage in that...
FRB Issues Rule Allowing Credit Unions to Remove the Monthly Limit on Savings Withdrawals
20-RA-02 Federal Reserve Board Issues Rule Allowing Credit Unions to Remove the Monthly Limit on Savings Withdrawals May 2020 NCUA has issued guidance to credit unions on issues related the...
Working with Borrowers Affected by the COVID-19 Pandemic
Letter to Credit Unions 20-CU-13 Working with Borrowers Affected by the COVID-19 Pandemic April 2020 On April 7, 2020, federal regulators issued a revised interagency statement on loan modifications and...