Oct. 1, 2021 NASCUS Report
Posted September 30, 2021THIS WEEK: Five-member NCUA Board discussed in Senate hearing; … so is 3rd party exam authority, climate change; Ito on expanded NCUA Board, state representation; Letter outlines expiring homeowner protections; Card data can be submitted via ‘Collect;’ More time to comment on digital assets; 1st ‘CURE’ takes on key issues; BRIEFLY: Chopra confirmed as CFPB head; Ito to join DEI panel
A five-member NCUA Board? Maybe; Harper outlines up, downsides in hearing
(Oct. 1, 2021) While not outright supporting the idea of an expanded NCUA Board membership, the chairman of the current board noted that there are some upsides to the idea…
3rd party exam authority, climate change addressed
(Oct. 1, 2021) Other key moments of the Harper nomination hearing included: Harper again endorsed third-party vendor exam authority for NCUA (which would require a statutory change). “Bank regulators have…
Ito: Expanded board needs state experience
(Oct. 1, 2021) Noting Harper’s comments about changes to the NCUA Board, NASCUS President and CEO said mandating that at least one board member have state credit union regulatory experience…
Expiring homeowner protections outlined in letter
(Oct. 1, 2021) “Critical information” for compliance with expiring pandemic-era protection programs for homeowners are addressed in a letter to credit unions from NCUA this week. The letter (LTCU 21-CU-09),…
CUs on notice: start submitting card data to CFPB
(Oct. 1, 2021) Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the CFPB’s website for collecting credit card information,…
Take a breather: More time to comment on digital assets
(Oct. 1, 2021) More time – 30 days – is allowed for comments on NCUA’s request for information (RFI) about the impact of activities connected to digital assets and related…
Inaugural ‘CURE’ event covers key issues
(Oct. 1, 2021) Payments systems, digital currencies, transition by large credit unions to specialized oversight by NCUA, the evolution of mortgage servicing in the wake of the Great Recession, and…
BRIEFLY: Chopra confirmed as CFPB director; Ito on diversity panel
(Oct. 1, 2021) Rohit Chopra is now the permanent director of the CFPB, with a five-year term, thanks to a 50-48 vote by the Senate on Thursday. He took a…
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