In the News
WOCCU Releases Guide to International Sustainable Finance Regulations
World Council of Credit Unions Tuesday issued “What Credit Unions Should Know About Sustainable Finance”, a guide to help credit unions understand many of the international standards and emerging regulatory...
Mar. 24: CFPB Updates This Week
NASCUS Summary on CFPB Review/Request for Comment: Regulation Z Mortgage Loan Originator Rules Review Pursuant to the Regulatory Flexibility Act The Consumer Financial Protection Bureau (CFPB) issued a notice and...
Mar. 17: CFPB Updates This Week
PUBLISHED MAR 16, 2023 CFPB Heightens Scrutiny of Unlawful Collection of Payments on Discharged Student Loans The Consumer Financial Protection Bureau (CFPB) released a bulletin warning servicers of their obligation...
Fed Considers Stricter Capital Requirements for Midsize Banks
Sen. Elizabeth Warren, D-MA, on Tuesday proposed a legislative route to do the same, but Republicans and even some Democrats are waiting on the Fed’s review of recent bank failures....
March 2023: NCUA Board Meeting Summary
The NCUA held its third open meeting of 2023. Chairman Todd Harper kicked off the meeting further, reinforcing his statement from March 13, that the credit union system remains well-capitalized...
2023 NASCUS GAC Recap
National Association of State Credit Union Supervisors (NASCUS) had a busy week at the 2023 Credit Union National Association Governmental Affairs Conference (CUNA GAC). Approximately 5,500 industry stakeholders gathered in Washington, DC, this year to discuss the pressing issues and challenges confronting the credit union system and broader financial services sector.
GAC ’23 Activites Around the States
California Credit Union League/Nevada Credit Union League: CUs Have Productive Talks with Congress & Regulators. More than 300 California and Nevada leaders spent their week advocating for credit unions in meetings with congressional lawmakers and regulators in Washington, D.C.
NASCUS and Iowa Division of Credit Unions Launch State-wide Board Chair Event
NASCUS and Iowa Division of Credit Unions Launch State-wide Board Chair Event ARLINGTON, VIRGINIA – In tandem with the Iowa Division of Credit Unions, the National Association of State Credit Union...
Mar. 3: CFPB Updates This Week
NASCUS Summary: Registry of Supervised Nonbanks that Use Form Contracts To Impose Terms and Conditions That Seek To Waive or Limit Consumer Legal Protections 12 CFR Part 1092 The Consumer...
Decentralized Finance To Be Examined at Inaugural CFTC Tech Advisory Meeting
The United States commodities regulator is set to take a close look at the decentralized finance space at an upcoming meeting of its tech committee, where it has also invited crypto industry executives to present.
Ohio Bank Reaches $9M Redlining Settlement With DOJ
As part of the consent order, Park National has agreed to invest at least $7.75 million in a loan subsidy fund to increase access to credit for home mortgage, improvement and refinance loans, as well as home equity loans and lines of credit in majority-Black and Hispanic neighborhoods in the Columbus area
Feb. 17: CFPB Updates This Week
Appraisal standards must include federal prohibitions against discrimination The CFPB and leaders from across the federal government submitted a joint letter to The Appraisal Foundation (TAF), the private, nongovernmental organization...