In the News
NASCUS Summary: December 2022 NCUA Board Meeting
On December 15, the NCUA Board held its final meeting of 2023. The Board was briefed on the Share Insurance Fund’s (SIF) Normal Operating Level, which will remain at 1.33%....
Dec. 16: CFPB Updates This Week
CFPB & FHFA news release announcing the publication of updated loan-level data for public use collected through the National Survey of Mortgage Originations The Consumer Financial Protection Bureau (CFPB) and...
Dec. 12: CFPB News This Week
NASCUS Member Benefit: Recent CFPB Resource Summaries CFPB Consumer Financial Protection Circular 2022-07: Reasonable Investigation of Consumer Reporting Disputes 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) issued...
NCUA Issues Letter to FCUs on Meeting Requirements
In March 2020, November 2020, and November 2021, the NCUA issued three letters to federal credit unions providing flexibility during the pandemic related to annual meetings.1 In those letters, the...
Algorithm-Based Overdraft Protection Lacks Disclosure Transparency
November 28, 2022 — There’s no doubt that algorithms can reach levels of analysis that humans alone can’t make. In banking, AI might identify fraudulent activity or improve fair lending...
State Regulator Group Raises Concerns About FDIC Nominees
November 29, 2022 — The Conference of State Bank Supervisors is complaining that none of the nominees for the Federal Deposit Insurance Corp. board has state regulatory experience on the...
House Committee on Financial Services Announces December Schedule
The House Committee on Financial Services announced the following schedule for the month of December: Thursday, December 1 at 10 a.m. ET: The full Committee will convene for a hybrid...
CFPB News This Week
Biden Asks Supreme Court to Overturn Fifth Circuit’s CFPB Ruling The Biden Administration on Monday asked the U.S. Supreme Court to overturn an appeals court decision that found that the...
Congressional Hearings This Week
U.S. House of Representatives Committee on Financial Services Hearing: Oversight of Prudential Regulators: Ensuring the Safety, Soundness, Diversity, and Accountability of Depository Institutions Prudential regulation of insured depository institutions is...
Nov. 17, 2022: NCUA Board Meeting Summary
November 17, 2022 — There was one item on the NCUA Board meeting agenda, a briefing on the Quarterly Share Insurance Fund report. The fund’s equity ratio as of June...
FHFA Publishes New Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File
Oct. 24, 2022 — The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Aggregate Statistics Data File. FHFA also launched UAD Aggregate Statistics Dashboards on...
It’s Time for Compliance Department Professionals to Become Technologists
Compliance professionals within financial service firms are finding that they need to demonstrate their abilities with new technologies in order to meet regulatory requirements The expansion of governance, risk, and...