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Summary on Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
NASCUS Summary re: Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations 12 CFR Chapter X The Fed, CFPB, FDIC, NCUA and OCC issued final guidance that highlights...
NCUA Summary: Incentive-Based Compensation Arrangements
National Credit Union Administration Incentive-Based Compensation Arrangements NASCUS Legislative and Regulatory Affairs Department August 2024 On July 18, 2024, the NCUA Board, in a 2 to 1 vote, issued a...
NCUA Summary: Succession Planning
National Credit Union Administration: Succession Planning NASCUS Legislative and Regulatory Affairs Department August 8, 2024 On February 3, 2022, the NCUA Board (Board) published a proposed rule to require only...
CFPB Summary: Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties
NASCUS Summary re: CFPB Proposal on Streamlining Mortgage Servicing for Borrowers Experiencing Payment Difficulties 12 CFR Part 1024 The Consumer Financial Protection Bureau (CFPB) is proposing a rule that would...
NCUA Summary: Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements
National Credit Union Administration Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements NASCUS Legislative and Regulatory Affairs Department July 24, 2024 Background The OCC, FRB, FDIC, and the NCUA...
FinCEN Summary: Anti-Money Laundering and Countering the Financing of Terrorism Programs
Financial Crimes Enforcement Network (FinCEN): Anti-Money Laundering and Countering the Financing of Terrorism Programs NASCUS Legislative and Regulatory Affairs Department July 15, 2024 NASCUS summary of NCUA’s proposal can be found...
CFPB Summary: Interim Final Rule on Small Business Lending Under the ECOA; Extension of Compliance Dates
NASCUS Summary re: CFPB Interim Final Rule on Small Business Lending Under the ECOA; Extension of Compliance Dates 12 CFR Part 1002 The Consumer Financial Protection Bureau (CFPB) is amending...
Treasury RFI Summary: Uses, Opportunities, and Risks of AI in the Financial Services Sector
U.S. Department of Treasury Request for Information on Uses, Opportunities, and Risks of Artificial Intelligence in the Financial Services Sector NASCUS Legislative and Regulatory Affairs Department July 1, 2024 The...
CFPB Summary: Request for Information Regarding Fees Imposed in Residential Mortgage Transactions
NASCUS Summary re: CFPB Request for Information Regarding Fees Imposed in Residential Mortgage Transactions CFPB-2024-0021 The Consumer Financial Protection Bureau issued a Request for Information (RFI) seeking comment from the...
NCUA Summary: “Applications and Reporting” and “Powers and Activities”
Decennial Notice of Regulatory Review and Request for Comment NCUA: “Applications and Reporting” and “Powers and Activities” NASCUS Legislative and Regulatory Affairs Department June 24, 2024 On May 23, 2024,...
CFPB Request for Information Regarding Fees Imposed in Residential Mortgage Transactions
NASCUS Summary re: CFPB Request for Information Regarding Fees Imposed in Residential Mortgage Transactions CFPB-2024-0021 The Consumer Financial Protection Bureau issued a Request for Information (RFI) seeking comment from the...
CFPB Interpretive Rule on Application of Regulation Z to Digital User Accounts that Access Buy Now, Pay Later Loans
NASCUS Summary re: CFPB Interpretive Rule on Application of Regulation Z to Digital User Accounts that Access Buy Now, Pay Later Loans 12 CFR Part 1026 The Consumer Financial Protection...