NASCUS

Ability-to-repay/QM rules updated in guide

(Feb. 26, 2021) Updates to the small-entity compliance guide on the ability-to-repay/qualified mortgage (QM) rule were also issued this week by the bureau, reflecting amendments to last year’s final rules...

Agencies update 4 sections of BSA/AML exam manual

(Feb. 26, 2021) Updates to four sections of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual were released Thursday by NCUA, federal banking regulators and the State Liaison Committee of...

Regulators can register now for National Meeting

(Feb. 26, 2021) Registration for the NASCUS 2021 National Meeting of state regulators, March 17-18, is now open; all top regulators from each state are encouraged to attend. The annual...

BRIEFLY: Comments due March 9 on NCUA communications, transparency info request; Credit union, other federal regulators, call for action in response to Texas winter storms; PPP loans reserved for smaller institutions

(Feb. 26, 2021) Comments are due March 9 on NCUA’s request for information (RFI) on how the agency can improve its communications and improve transparency. A NASCUS comment letter is...

No insurance premium for now, but outlook for future less certain

(Feb. 19, 2021) No premium – for now — is in the works for credit unions to pay to bring the federal credit union savings insurance fund back up to...

Ito: commends board for vigilance on NCUSIF equity, intrigued about legislation

(Feb. 19, 2021) NASCUS President and CEO Lucy Ito commended all three board members for their vigilance in monitoring the insurance fund equity ratio, “especially in light of the root...

Board OKs joint ownership share accounts final rule

(Feb. 19, 2021) In other action Thursday, the NCUA Board unanimously approved a final rule on joint ownership share accounts, and heard a report on the new Emergency Capital Investment...

Funds earn ‘clean’ opinions – but challenges lie ahead

(Feb. 19, 2021) While four funds administered by NCUA all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for...

Four summaries outline key, recent issues

(Feb. 19, 2021) Four new summaries have been posted by NASCUS, looking at recent actions from NCUA, which include: two regulatory alerts, a final rule on supervisory guidance, and (along...

Forbearance, foreclosure moratorium for some loans extended

(Feb. 19, 2021) The White House this week announced extensions of the moratorium on foreclosures and mortgage forbearance programs that were set to end in March to help provide relief...

Amanda Tuckey named senior director of communications/marketing

(Feb. 19, 2021) Amanda Tuckey will lead NASCUS’ marketing and communications efforts when she joins the association next week as senior director of communications and marketing. Most recently the director...

TRANSITIONS: New commissioner appointed in LA

(Feb. 19, 2021) Stanley M. Dameron has been appointed commissioner of the Louisiana Office of Financial Institutions in the Office of the Governor, succeeding John Ducrest who retired late last...