SIPPS

Advisory Opinion on Fair Credit Reporting; Facially False Data

CFPB Summary re: Advisory Opinion on Fair Credit Reporting; Facially False Data 12 CFR Part 1022 The Consumer Financial Protection Bureau (CFPB) issued this advisory opinion to highlight that a...

Final Rule: Beneficial Ownership Information Reporting Requirements

Final Rule Summary FinCEN: Beneficial Ownership Information Reporting Requirements NASCUS Legislative and Regulatory Affairs Department October 31, 2022 On September 30, 2022, the Financial Crimes Enforcement Network (FinCEN), issued a...

Debit Card Interchange Fees and Routing

Rule Summary: FRB 12 CFR Part 235; Regulation II; Debit Card Interchange Fees and Routing NASCUS Legislative and Regulatory Affairs Department November 1, 2022 The Board of Governors adopted a final...

Federal Insurance Response to Catastrophic Cyber Incidents

Treasury Request for Comment Summary: Federal Insurance Response to Catastrophic Cyber Incidents In response to a Government Accountability Office report, the Federal Insurance Office in the Department of Treasury issued...

Request for Information on the Cyber Incident Reporting for Critical Infrastructure Act of 2022

Summary re: Department of Homeland Security’s Request for Information on the Cyber Incident Reporting for Critical Infrastructure Act of 2022 CISA issued a Request for Information to receive input from...

Request for Information Regarding Mortgage Refinances and Forbearances

CFPB Summary: Request for Information Regarding Mortgage Refinances and Forbearances The Consumer Financial Protection Bureau (CFPB) is seeking comment from the public about (i) ways to facilitate mortgage refinances for...

Notice of Proposed Rulemaking: Subordinated Debt

Notice of Proposed Rulemaking and Request for Comment NCUA: Subordinated Debt NASCUS Legislative and Regulatory Affairs Department October 5, 2022 At the September 22, 2022, NCUA Board meeting, the Board...

Federal Credit Union Bylaws Relating to Expulsion of a Member

NCUA Proposed Rule Summary: Federal Credit Union Bylaws Relating to Expulsion of a Member NASCUS Legislative and Regulatory Affairs Department September 27, 2022 During the September 22, 2022, NCUA Board Meeting, the...

Ensuring Responsible Development of Digital Assets

Summary: Ensuring Responsible Development of Digital Assets Prepared by NASCUS Legislative & Regulatory Affairs Department September 2022 On March 9, 2022, the Biden Administration issued Executive Order 14067 ‘‘Ensuring Responsible...

Letter to Credit Unions: NCUA Begins Phase 3 of Resuming Onsite Operations

Letter to Credit Unions 22-CU-11 NCUA to Begin Phase 3 of Resuming Onsite Operations NASCUS Legislative and Regulatory Affairs Department September 20, 2022 On September 20, 2022, the National Credit...

Letter to Credit Unions: Simplified CECL Tool for Credit Unions

Letter to Credit Unions 22-CU-10 Simplified CECL Tool for Credit Unions NASCUS Legislative and Regulatory Affairs Department September 15, 2022 On September 14, 2022, NCUA issued Letter to Credit Unions...

Letter to Credit Unions: NCUA Updates to Interest Rate Risk Supervisory Framework

Letter to Credit Unions 22-CU-09 and Supervisory Letter 22-01  NCUA Updates to Interest Rate Risk Supervisory Framework NASCUS Legislative and Regulatory Affairs Department September 3, 2022 NCUA has issued Letter...