NASCUS

‘Time to move’ from LIBOR, group recommends

(Oct. 15, 2021) It’s “time to move” from LIBOR now by slowing the use of the reference rate by year’s end to foster a smooth completion of the rate’s overall...

Chopra takes CFPB reins; taps senior staff

(Oct. 15, 2021) The CFPB has a new, permanent director (for a five-year term, at least – or until the president decides to make a change), who this week also...

BRIEFLY: New laws in CA; Job openings in OR; Fed supervision vice chair loses a role

(Oct. 15, 2021) California legislation was signed into law this week, the California and Nevada Credit Union Leagues reported. The new law for state credit unions: allows expulsion of members...

National award cites NASCUS leader’s ‘outstanding individual achievements’

(Oct. 8, 2021) NASCUS President and CEO Lucy Ito was named this week a winner of the 33rd Annual Herb Wegner Memorial Awards, widely considered the most prestigious honor in...

Summaries outline letter, alert, and proposed rule

(Oct. 8, 2021) Three new summaries were posted by NASCUS this week on: An NCUA regulatory alert on credit union credit card data submission to the CFPB; an NCUA letter...

Biz loan data collection proposal outlined

(Oct. 8, 2021) A summary of a proposal by the CFPB to collect business loan data from lenders has been published and posted by NASCUS. Comments on the proposal are...

4 recommendations made to improve NCUA IT investment

(Oct. 8, 2021) Four recommendations to improve NCUA’s information technology investment management program are laid out in a report from the agency’s office of inspector general (OIG), made public this...

NASCUS, state groups discuss emerging issues

(Oct. 8, 2021) NASCUS gathered with state credit union association issues and policy professionals this week in Chicago to discuss emerging issues affecting state regulators and credit unions across the...

Full slate of education events ahead

(Oct. 8, 2021) Check that your calendars are clear for your participation in several NASCUS educational events coming up in November and December for credit union examiners and practitioners. Here’s...

BRIEFLY: LIBOR is over – so is ‘magical thinking,’ Fed supervisor tells group; Have a great holiday weekend!

(Oct. 8, 2021) LIBOR is coming to an end – for the most part, at the end of this year – and it’s time to stop “magical thinking” that it...

A five-member NCUA Board? Maybe; Harper outlines up, downsides in hearing

(Oct. 1, 2021) While not outright supporting the idea of an expanded NCUA Board membership, the chairman of the current board noted that there are some upsides to the idea...

3rd party exam authority, climate change addressed

(Oct. 1, 2021) Other key moments of the Harper nomination hearing included: Harper again endorsed third-party vendor exam authority for NCUA (which would require a statutory change). “Bank regulators have...