In the News
State regulators turn out for dialogue, interaction in National Meeting ’21
(March 19, 2021) Two days of discussion and focus on key issues this week highlighted the 2021 National Meeting of state regulators, which featured a record turnout of state regulators...
NCUA readies payout of $368.7 million from failed corporates
(March 19, 2021) Payments totaling $368.7 million will be made by April 30 to about 2,000 credit unions that used to be members of three failed corporates, the NCUA Board...
Rules ease asset thresholds, conform CLF to new law
(March 19, 2021) Asset data as of March 31, 2020 will be used to determine the applicability of regulatory asset thresholds for such things as capital planning and stress testing...
Report lists key areas affecting NCUA resource needs
(March 19, 2021) Nine areas that will affect the resource needs of NCUA– including monitoring the equity ratio of the savings insurance fund, enhancing the examination program and building the...
CFPB urges stimulus to reach consumers
(March 19, 2021) Saying it is concerned that some payments will be intercepted to cover such things as unpaid overdraft fees, the CFPB this week encouraged financial institutions (including credit...
Pierre Jay Awards conferred April 22; join in!
(March 19, 2021) Mark your calendars for the April 22 Pierre Jay Awards 2021 virtual presentation ceremony, getting underway at 2 p.m. ET. There is no charge for attending the...
BRIEFLY: NASCUS leader joins AACUC Friday confab
(March 19, 2021) NASCUS’ Lucy Ito participates today in an online “Friday Conversation” about the “Commitment to Change” in credit unions united against racism. The event is hosted by the...
2021 National Meeting Resources
2021 National Meeting National Meeting list of presentations, video links, and chat-shared resources. Tell us what you think: Click here to take the survey. Your feedback is important to us,...
Letter seeks clear communications on rules for state charters
(March 12, 2021) Clear communication to federally insured state credit unions (FISCUs) of which regulations do and do not apply to them – and also providing a clear chain of...
Summaries outline corporate sub debt, joint ownership rules
(March 12, 2021) Two new summaries of final rules on corporate credit union purchase of subordinated debt, and on joint ownership share accounts, were posted by NASCUS this week. Both...
Board to consider final rules on CLF, asset thresholds
(March 12, 2021) Two interim final rules – one on the agency’s Central Liquidity Facility, the other on asset thresholds pertaining to large credit unions – are slated for action...
Alert explains requirements for HPML escrow exemptions
(March 12, 2021) Requirements for exemptions for some credit unions from establishing escrow accounts for certain high-priced mortgage loans (HPMLs) are outlined in a “regulatory alert” sent Wednesday from NCUA....