NASCUS

Ito: Congratulations to board chairman

(Aug. 13, 2021) NASCUS’ Lucy Ito congratulated Harper for the renomination. She noted his experience with credit union issues in both regulatory and legislative areas, and his focus on consumer...

Action stands out among federal regulators

(Aug. 13, 2021) The renomination of Harper to a seat on the NCUA Board holds some other significance. First, it would keep him on the board much longer than the...

NCUA begins rolling out MERIT, other apps this month

(Aug. 13, 2021) NCUA this month will begin transitioning to the new MERIT exam tool and other applications meant to modernize and streamline the agency’s operations, according to a letter...

Council revises digital banking risk guidance

(Aug. 13, 2021) Revised guidance on effective authentication and access risk management principles and practices related to digital banking services and information systems was issued this week by NCUA and...

Mutual alliance with AACUC debuts

(Aug. 13, 2021) A mutual membership alliance between NASCUS and the African-American Credit Union Coalition (AACUC) was announced this week, with the aim of strengthening the state credit union system...

BRIEFLY: Reminder — KY examiner school next week; Report — Credit card limits plummeted during pandemic for higher-score borrowers

(Aug. 13, 2021) Just a reminder that state credit union examiners from around the country can participate in Monday’s (Aug. 16) Kentucky Examiner School, developed to help examiners build skill...

Harper repeats call for CUSO exam authority

(Aug. 6, 2021) Congress should give NCUA authority to examine (and enforce actions) over third party vendors, NCUA Board Chairman Todd Harper said in testimony to the Senate Banking Committee...

New eviction moratorium effective to Oct. 3

(Aug. 6, 2021) Evictions of tenants in counties experiencing substantial and high levels of community transmission levels of the coronavirus are banned until Oct. 3 under an order issued this...

Letter outlines limits on capitalizing loans

(Aug. 6, 2021) The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of...

Nov. 30 is effective date for debt collection rules

(Aug. 6, 2021) After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the CFPB late last week said the rules would...

Rule attempts to clarify Juneteenth impact on mortgages

(Aug. 6, 2021) Whether the new Juneteenth federal holiday (federally observed for the first time this past June) counts as a business day or federal holiday for purposes of mortgage...

Agency taps new director of diversity workforce, suppliers

(Aug. 6, 2021) Miguel A. Polanco, a former Army officer and investment banker, is now the top workforce and supplier diversity officer NCUA, the agency announced this week. The agency...