In the News
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...
BRIEFLY: House gives OK (again) to SAFE Banking Act; CECL session on technical issues set for May 20; Help in paying Medicare tax for employers offered
(April 23, 2021) The House passed NASCUS-backed legislation this week (again) aimed at providing a safe harbor for financial institutions seeking to serve legitimate cannabis-related businesses in states where the...
Agencies seek feedback on BSA/AML guidance
(April 16, 2021) NCUA and other federal agencies are seeking feedback on how well four-year-old guidance for complying with anti-money laundering and Bank Secrecy Act (AML/BSA) requirements is working for...
UPDATED: Agency adopts rule extending reg relief due to savings surges
(April 16, 2021) In a development Friday morning, the NCUA Board announced it had adopted an interim final rule (IFR) by notation vote that reduces the earnings retention requirement for credit...
Summary looks at info request on use of AI
(April 16, 2021) A request for information (RFI) about how credit unions and banks use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting,...
CFPB’s bulletin on foreclosure expectations outlined
(April 16, 2021) In another summary prepared this week, NASCUS outlines a bulletin issued by the bureau April 6 detailing its expectations for mortgage servicers’ engagement with borrowers in the...
Marijuana/hemp e-school highlights ed events ahead
(April 16, 2021) Mark your calendars for a series of education events coming up in the next couple of months, particularly a three-day virtual event in June focusing on marijuana...