NASCUS

Summary outlines new FCU CUSO rule

(Nov. 12, 2021) A summary of NCUA’s new rule on federal credit union service organizations (CUSOs) – adopted Oct. 21 by the NCUA Board on a 2-1 vote – has...

Advisory highlights latest ransomware schemes

(Nov. 12, 2021) Growing use of anonymity-enhanced cryptocurrencies (AECs) used in ransomware schemes and the ways that perpetrators launder ransomware proceeds are detailed in an updated advisory issued this week...

Ahead for the Fed: Quarles resignation signals big changes

(Nov. 12, 2021) There will soon be two open seats on the Federal Reserve Board – and maybe three as early as January – because of the announced resignation of...

State leaders urge cannabis bill move forward

(Nov. 12, 2021) A bipartisan group of 24 governors and other top officials called on the Congress this week to include the SAFE Banking Act – legislation supported by the...

State system prominent at NACUSO confab

(Clockwise from top) NASCUS’s Lucy Ito (second from right) joins other judges in the “Next Big Idea” competition in listening to a presenter’s big idea. Other judges are (from left)...

Two big opportunities to learn more about NASCUS

Two big opportunities are and will be available to you for learning more about NASCUS and the value it offers to the state system: A recording is now available of...

BRIEFLY: Tiny FCU conserved; Louisiana leader retires; OCC developing guidance on climate change risk; Exam Council revamps notification system

(Nov. 12, 2021) NCUA late last week placed the tiny Pomona Postal FCU of Pomona, Calif., into conservatorship, saying the credit union’s most recent call report shows it had 717...

Report calls for only federally insured CUs, banks to be stablecoin issuers

(Nov. 5, 2021) Payment stablecoins and their arrangements should be subject to a federal regulatory framework on a consistent and comprehensive basis through an act of Congress – including by...

Order, a first, aims to patch cyber vulnerabilities

(Nov. 5, 2021) Addressing and mitigating actively exploited vulnerabilities on all federal agency computer networks is the aim of a directive issued this week by the federal agency that oversees...

Letter urges CUs to participate in tax assistance program

(Nov. 5, 2021) Credit unions are encouraged to participate in the free program that helps members address their federal income taxes; credit unions have until Nov. 15 to contact the...

Bureau asserts ‘name-only’ matching falls outside of FCRA

(Nov. 5, 2021) A consumer reporting agency that uses “name-only” matching procedures is not using reasonable procedures mandated under federal consumer protection laws, the CFPB said this week. In an...

CEOs, regulators take on cutting-edge issues

(Clockwise from top left) Moderator George Hofheimer (Hofheimer Strategy Advisors), left, NASCUS President and CEO Lucy Ito and NASCUS EVP and General Counsel Brian Knight take in the Exchange discussion;...