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Letter to Credit Unions 23-CU-02: Expansion of Permissible CUSO Activities and Associated risks
NCUA Letter 23-CU-02 Summary Expansion of Permissible CUSO Activities and Associated risks NASCUS Legislative and Regulatory Affairs Department February 7, 2023 Summary On November 26, 2021, a final rule amending...
NCUA Risk Alert: 23-RA-01 Change to HMDA’s Closed-End Loan Reporting Threshold
NCUA Risk Alert: 23-RA-01 Change to HMDA’s Closed-End Loan Reporting Threshold NASCUS Legislative and Regulatory Affairs Department February 3, 2023 On February 2, 2023, the NCUA Board issued Risk Alert...
Letter to Credit Unions 23-CU-01: NCUA’s 2023 Supervisory Priorities
Letter to Credit Unions 23-CU-01 NCUA’s 2023 Supervisory Priorities NASCUS Legislative and Regulatory Affairs Department January 19, 2023 On January 18, the NCUA issued Letter to Credit Unions 23-CU-01 outlining...
Federal Reserve: Regulation D – Reserve Requirements of Depository Institutions
Final Rule Summary Federal Reserve: Regulation D – Reserve Requirements of Depository Institutions NASCUS Legislative and Regulatory Affairs Department January 17, 2023 The Board of Governors of the Federal Reserve...
FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities
Notice of Proposed Rulemaking and Request for Comment FinCEN: Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities NASCUS Legislative and Regulatory Affairs Department January 13,...
Federal Reserve/FDIC/OCC: Joint Statement on Crypto-Asset Risks to Banking Organizations
Federal Reserve/FDIC/OCC Joint Statement on Crypto-Asset Risks to Banking Organizations Summary January 8, 2023 The Board of Governors of the Federal Reserve System (Federal Reserve), the Federal Deposit Insurance Corporation...
NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions
NCUA Proposed Rulemaking Summary 2022-0185 NCUA Rules 701 AND 714: Financial Innovation: Loan Participations, Eligible Obligations, and Notes of Liquidating Credit Unions NASCUS Legislative and Regulatory Affairs Department January 6,...
Letter to Credit Unions 22-FCU-03: Expiration of Emergency Exemption from Certain In-Person Meeting Requirements
NCUA Letter to Federal Credit Unions 22-FCU-03 NASCUS Legislative and Regulatory Affairs Department December 10, 2022 On December 7, 2022, NCUA issued NCUA Letter 22-FCU-03[1] regarding the Expiration of Emergency...
CFPB Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes
Summary re: CFPB Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued this circular to respond to...
Outline of Proposals and Alternatives Under Consideration for SBREFA: Required Rulemaking on Personal Financial Data Rights
High Level Summary and Discussion Guide of Outline of Proposals and Alternatives Under Consideration for SBREFA: Required Rulemaking on Personal Financial Data Rights Section 1033(a) of the Dodd Frank Act...
Appraisal Subcommittee; Appraiser Regulation; Temporary Waiver Requests
Final Rule Summary: Appraisal Subcommittee; Appraiser Regulation; Temporary Waiver Requests NASCUS Legislative and Regulatory Affairs Department November 21, 2022 The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council...
Unanticipated Overdraft Fee Assessment Practices
Summary re: CFPB Consumer Financial Protection Circular 2022-06: Unanticipated Overdraft Fee Assessment Practices 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) has issued Consumer Financial Protection Circular 2022-06,...