In the News
NCUA’s New Guide Simplifies, Clarifies Federal Credit Union Charter Application Process
The National Credit Union Administration released its new Charter Application Guide and other resources today to assist people who want to bring federally insured financial services to their communities by...
NCUA Board Member Rodney E. Hood’s Remarks at the Emerging Markets Coalition
Regulation is vitally important for the safety, soundness, and integrity of the financial system, and to ensure consumer protection and public confidence. Regulatory reform is perfectly consonant with those goals;...
Learn how to “Spot the Bot”
Last week the Cybersecurity and Infrastructure Security Agency published a quick guide on ID-ing Social Media Bots; automated programs that simulate human engagement on social media platforms. Social Media Bots use...
Do All Financial Institutions Have A Role To Play In Combating Climate Change?
Courtesy of Henry Meier, Esq., SVP, General Counsel, New York Credit Union Association Of course they do, but that’s not the appropriate question that regulators should be asking themselves. The...
FFIEC Releases 2021 Annual Report
The Federal Financial Institutions Examination Council (FFIEC) released its 2021 Annual Report this week. Click here to read the full report. Introductory Message from FFIEC Chairman Todd Harper I am...
NASCUS Summary on Recent NCUA Risk Alert – Heightened Risk of Social Engineering and Phishing Attacks
The on-going conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those against the financial services sector. All credit unions and vendors, regardless of size, are...
Overdraft Fees Are Out, Interchange Fees Are In
From CU Times: The answer to how credit unions can replace lost overdraft fee revenue lies in their card programs Some of the biggest players in financial services are eliminating...
Mar. 30 ACAMS Webinar: State of Cannabis
State of Cannabis: Understanding the Regulatory and Enforcement Framework in The US and Canada We present a three-part series outlining the legal environment, the business, and the financial relationships of...
Comment Letter to Appraisal Subcommittee
March 14, 2022 — The National Association of State Credit Union Supervisors (“NASCUS”) submitted a letter in response to the Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council...
NASCUS Summary: Compliance Bulletin on the Mitigating Harm from Repossession of Automobiles
CFPB Bulletin 2022-04: Compliance Bulletin re: Mitigating Harm from Repossession of Automobiles 12 CFR Chapter X The Consumer Financial Protection Bureau (CFPB) is moving to thwart illegal repossessions in the...
NASCUS Summary: Compliance Bulletin on the Electronic Fund Transfer Act
CFPB Bulletin 2022-02: Compliance Bulletin on the Electronic Fund Transfer Act’s Compulsory Use Prohibition and Government Benefit Accounts Section 913 of the Electronic Fund Transfer Act (EFTA) provides, among other...
2022 CUNA GAC Debrief
March 3, 2022 — The week-long Credit Union National Association’s Governmental Affairs Conference (CUNA GAC) is an event of learning, networking, and collaboration. This combination of partnership and cooperation couldn’t...