In the News
BRIEFLY: Regulators collaborate on ‘crypto policy sprint;’ NCUA DEI Summit registration opens; Job openings in OR
(Sept. 17, 2021) Federal banking agencies have been collaborating via a “crypto policy sprint” to agree on definitions, use cases, risks, and gaps, and to discuss policy options related to...
States pass $1 trillion asset mark; keep hold of more than 50% of all
State credit unions now hold more than $1 trillion in assets, representing more than half of all assets held across the credit union system, the latest figures from NCUA show....
Summary looks at RFI on digital assets
(Sept. 10, 2021) NCUA’s request for information (RFI) on digital assets and related technologies is the latest summary posted on the association’s website; comments are due Sept. 27. Like all...
Ruling sets payday loan rule compliance date
(Sept. 10, 2021) Payment provisions in a 2017 rule on payday loans were upheld by a federal court in Texas this week, essentially turning back a challenge to the four-year-old...
Proposal would collect biz loan data from lenders
(Sept. 10, 2021) Helping regulators and the public better understand the business lending market is the stated aim of a new rule unveiled Sept. 1 by CFPB, according to its...
$1.5 million awarded to more than 100 LICUs
(Sept. 10, 2021) More than 100 low-income credit unions (LICUs) were awarded grants totaling $1.5 million to expand their outreach to underserved communities and improve digital services and security, the...
NASCUS 101 coming up Oct. 14
Mark your calendar for the latest episode of the NASCUS 101 series, coming up Oct. 14 (at 2 p.m. ET). This popular session covers, in just 30 minutes, NASCUS legislative...
BRIEFLY: Banks get more time to comment on third-party risk management guidance; Fact sheet looks at supply chain security
(Sept. 10, 2021) Banks have more time to comment on proposed guidance to help them manage third-party risk, with a new deadline of Oct. 18, the federal banking agencies said...
Regulators note concern over LIBOR transition
(Aug. 27, 2021) Concern over reports that nonfinancial corporations are not, in most cases, being offered alternatives to the soon-to-be-defunct LIBOR reference rate was expressed by leaders of agencies overseeing...
Bureau pushes all CARD Act submissions to website
(Aug. 27, 2021) Card issuers required to supply credit card agreement terms and other data to the CFPB must make all submissions via the agency’s Collect website (collect.consumerfinance.gov) beginning in...
Streamlined CDFI certification process opens Sept. 12
(Aug. 27, 2021) Credit unions seeking certification as community development financial institutions (CDFIs) can apply for NCUA’s streamlined qualification process between Sept. 12 and Oct. 15, the agency said this...
Summaries look at CFPB interpretive rules
(Aug. 27, 2021) Two new summaries of recent CFPB rules – on clarifying the impact of the Juneteenth holiday, and Military Lending Act (MLA)-related exams – have been developed and...