In the News
Bureau moves QM final rule compliance date to Oct. ‘22
(April 30, 2021) Compliance with a final rule on “qualified mortgages” (QM) is delayed to Oct. 1, 2022, the CFPB said this week, asserting that the pause would allow lenders...
Summary tackles proposed delay on debt collection rules
(April 30, 2021) The proposed delayed compliance dates for two debt collection rules from CFPB issued under the Fair Debt Collection Practices Act (FDCPA) has been summarized by NASCUS and...
Minority counties submitted more consumer complaints
(April 30, 2021) More complaints – particularly about credit or consumer reporting — were received in 2019 and 2020, on a per capita basis, from consumers living in predominantly minority...
Key issues for states ahead outlined in presentation
(April 30, 2021) Issues and policies being pursued by the state system were outlined this week by NASCUS President and CEO Lucy Ito during a presentation hosted by CU*Answers’ “The...
NASCUS readies May, June educational events
(April 30, 2021) NASCUS opens its human resources (HR) webinar series in May, setting the stage for even more events in June on issues related to marijuana and hemp those...
BRIEFLY: Fact sheet on LIBOR demise published; Powell inflation indicators only ‘transitory’
(April 30, 2021) A two-page fact sheet that lays out what’s behind the demise of the London Interbank Offer Rate (LIBOR), a widely used rate used for such lending products...
Action coming on interest capitalization, derivatives, NCUA chairman indicates
(April 23, 2021) While no new regulations were proposed or finalized, the NCUA Board did indicate at its meeting Thursday that final rules on two NASCUS-supported proposals – on capitalization...
NASCUS’ Ito: Move forward on capitalization of interest rule
(April 23, 2021) Following the Thursday NCUA Board meeting, NASCUS President and CEO Lucy Ito echoed the comments the association filed earlier this year that the agency should move forward...
Briefings look at cybersecurity, reg relief
(April 23, 2021) Meanwhile, the NCUA Board did hear two briefings during its Thursday meeting: on cybersecurity and on an interim final rule (IFR) it adopted late last week on...
Summary outlines proposal on preventing foreclosures
(April 23, 2021) The set of proposed rules proposed earlier this month by the CFPB aimed at preventing “avoidable foreclosures” as the emergency federal foreclosure protections expire is the focus...
Rule gives evictees power to sue debt collectors
(April 23, 2021) In a follow-up to its action last week essentially freezing foreclosures until year’s end, the CFPB this week issued an interim final rule stating that tenants can...
Pierre Jay Awards winners recognized, feted
(April 23, 2021) Pierre Jay Awards winners — Patty Idol, Sarah Vega and Kim Santos (pictured from left to right in the collage below) — were recognized Thursday for winning...