In the News
BRIEFLY: In a first for states, OH achieves four-way accreditation; OCC to reconsider last year’s CRA rule; TRID FAQs updated for housing assistance, BUILD Act lending
(May 21, 2021) Congratulations to the Ohio Department of Commerce/Division of Financial Institutions to be the first state supervisory authority to become accredited under all four accreditation programs: credit union...
Key comments: Opposition to provisions of RBC simplification proposal
(May 14, 2021) Two significant comment letters were submitted this week by the state system, on simplification of risk-based capital requirements and on adding an “S” for sensitivity to market...
Key comments: Support for adding ‘S’ for ‘sensitivity’ to exam rating system
(May 14, 2021) Moving expeditiously on adding a “market risk sensitivity” component to the credit union examination system – that is, adding an “S” to “CAMEL” – would better align...
Final derivatives rule, insurance fund actions, on board agenda
(May 14, 2021) A final rule on investments in derivatives by credit unions, and two items that could have a significant impact on a savings insurance premium for credit unions,...
Agency earmarks 12 rules for review this year
(May 14, 2021) Rules of NCUA Board procedure (including public observation of meetings), registration of residential mortgage loan originators, procedures for debt collection and post-employment restrictions for certain NCUA examiners...
Opinion sets bounds for how share insurance applies
(May 14, 2021) Whether share insurance applies to a credit union share certificate purchased by a limited liability corporation (LLC) depends in part on who owns the funds and whether...
May 24 webinar set to explain capital investment program
(May 14, 2021) NCUA is encouraging credit unions to participate in a May 24 webinar explaining (and answering questions about) the U.S. Treasury’s Emergency Capital Investment Program (ECIP), which has...
New acting comptroller vows review of ‘regulatory standards’
(May 14, 2021) The OCC has – once again – a new leader, who said this week he would soon conduct a review of “regulatory standards” at the agency. Michael...
Cyber security need underscored by pipeline hack, shortages
(May 14, 2021) If you were one of the unfortunate but countless number of folks sitting in line at the gas pumps this week – wondering “what can I do...
BRIEFLY: NCUA, CDFI Fund set webinar on small-dollar loan program; Regulators to testify; Trades oppose debt collection legislation
(May 14, 2021) The small-dollar loan program of the Treasury’s Community Development Financial Institution (CDFI) Fund related to credit unions is the subject of a webinar planned for May 27 by...
Lucy Ito announces retirement at YE ’21; pledges no interruption to NASCUS’ work
(May 7, 2021) Lucy Ito, NASCUS President and CEO since 2014, will retire from the position at year’s end, she announced this week. The association is conducting a search for...
From 2014 on, NASCUS’ Ito built a record of achievement
(May 7, 2021) During her tenure as NASCUS president and CEO, Lucy Ito has been the leader for the state system on a number of issues and initiatives, including: Advocating...