NASCUS

AROUND THE STATES: Maine report shows credit unions held 22% of all assets in state at MY ‘21

(Jan. 21, 2022) There were 56 credit unions authorized to do business in Maine at mid-year 2021 – which altogether held $10.3 billion in assets, for 22.07% of all financial...

BRIEFLY: Letter reminds FCUs their op fees drop average of nearly 25%; NCUA, bank regulators dinged in privacy report; ‘Consumer law’ task force records to be released

(Jan. 21, 2022) Federal credit union (FCU) operating fees will decrease by an average of 23.7% in 2022, NCUA told the FCUs in a letter Thursday (letter to FCUs 22-FCU-01)....

Knight: NASCUS will prioritize state charter competitive with others – including fintechs

Ensuring the state charter remains competitive with not only the federal charter, but other depository charters and nondepository entities known as fintechs is a priority for new NASCUS President and...

Proposal attempts to clarify appraisal waiver processes

(Jan. 14, 2022) Clarifying processes available for federal regulators to consider temporary waiver relief for appraisals by making “a clear distinction” between a request by a state appraiser regulatory agency...

Call report for 1Q updated for CCULR

(Jan. 14, 2022) Changes in risk-based capital requirements for federally insured credit unions have triggered changes in call reports, effective for the first quarter of 2022, NCUA said this week....

More time added for diversity self-assessments

(Jan. 14, 2022) More than two more weeks – to Jan. 31 – have been added for federally insured credit unions (FICUs) to complete and submit the voluntary Credit Union...

CFPB reminds medical debt collectors of obligations

(Jan. 14, 2022) A reminder to debt collectors of their obligations when collecting medical debts to comply with federal prohibitions on misrepresentations and unfair practices was issued Thursday by the...

Agencies seek solutions for ‘digital identity proofing’

(Jan. 14, 2022) Measuring the effectiveness of digital identity proofing – the process used to collect, validate and verify information about a person – is the aim of a “tech...

Phony entity poses as a credit union with a bank charter

(Jan. 14, 2022) Entities using a “multitude” of fictitious names and websites – including as a credit union — are purporting to offer banking services in the state of Florida,...

State System Summit on the radar for Aug. 15-17

(Jan. 14, 2022) Aug. 15-17 are the dates for the NASCUS State System Summit (S3), set for Huntington Beach, Calif., the association announced this week. The yearly event – the...

Planning underway for April 12-14 National Meeting

(Jan. 14, 2022) And, for regulators, don’t forget that April 12-14 are the dates for the National Regulator Meeting to be held in San Diego. Exclusively open to state regulators...

BRIEFLY: Clarida resignation will leave three seats open on Fed Board; Powell testifies for a second term as chair

(Jan. 14, 2022) There will soon be three vacancies on the governing board of the nation’s central bank, as the current vice chair resigned, effective today (Jan. 14). Citing only...