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NCUA Documents
An comprehensive digest of NCUA training updates, agreements and correspondence.
Summary: Procedural Rule re: Advisory Opinions Pilot
Summary: Procedural Rule re: Advisory Opinions Pilot The Consumer Financial Protection Bureau (CFPB) Prepared by the Legislative and Regulatory Affairs Department 12 CFR Chapter X July 2020 Summary: The Consumer...
Summary: RFI Strategies for Future Examination & Supervision Utilizing Digital Technology
NCUA Request for Information (RFI): Strategies for Future Examination & Supervision Utilizing Digital Technology Prepared by NASCUS Legislative & Regulatory Affairs Department July 2020 Summary NCUA has published a Request for...
Part 745 (741.212 FISCUs)
NCUA Proposed Rule: Part 745 (741.212 FISCUs) Joint Accounts Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 NCUA is proposing to amend its share insurance regulations, Part 745, related...
Summary: CFPB Advisory Opinion Proposal
Summary: CFPB Advisory Opinion Proposal 12 CFR Chapter X The Consumer Financial Protection Bureau Prepared by the Legislative and Regulatory Affairs Department July 2020 The Consumer Financial Protection Bureau invites...
Field of Membership Rural Districts
Letter to Credit Unions 20-CU-21 Field of Membership Rural Districts July 2020 As a result of the SCOTUS (Supreme Court of the United States) denial of the ABA appeal of...
Phased Approach to On-site Operations
Letter to Credit Unions 20-CU-20: Phased Approach to On-site Operations June 2020 NCUA issued LTCU 20-CU-20 to inform stakeholders of NCUA’s current “multi-phase transition plan” for resuming its normal on-site operations...
Additional Guidance Regarding Servicing Hemp-Related Businesses
Letter to Credit Unions 20-CU-19: Additional Guidance Regarding Servicing Hemp-Related Businesses June 2020 NCUA has issued an update to guidance for credit unions related to serving Hemp businesses. The original guidance,...
PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic
Letter to Credit Unions 20-CU-18: PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic June 2020 In May, 2020, the NCUA Board approved changes to the Prompt Corrective Action (PCA) requirements in...
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...
Summary: Federal Reserve Bd Part 204: Reserve Requirements of Depository Institutions
Federal Reserve Interim Final Rule Regulation D Part 204: Reserve Requirements of Depository Institutions Summary Prepared by NASCUS Legislative & Regulatory Affairs Department June 2020 The Board of Governors...
Summary: Interagency Lending Principles for Offering Responsible Small-Dollar Loans
Interagency Lending Principles for Offering Responsible Small-Dollar Loans May 2020 NCUA and the federal banking agencies (Federal Reserve System, FDIC, and OCC) have published “principles” to encourage banks and credit...