2021 NCUA Documents

Proposed Rule and Final Rule Summaries and Comment Letters

• November 2021
  • Draft Strategic Plan 2022-2026
    • NASCUS Comment Letter
• October 2021
  • Credit Union Service Organizations (CUSOs)
    • NASCUS Summary
  • CAMELS Rating System
    • NASCUS Summary
  • Subordinated Debt
    • NASCUS Summary
    • NASCUS Comment Letter
• August 2021
  • Digital Assets & Related Technologies
    • NASCUS Summary
    • NASCUS Comment Letter
  • Capital Adequacy: The Complex Credit Union Leverage Ratio; Risk-Based Capital
    • NASCUS Summary
    • NASCUS Comment Letter
• June 2021
  • Derivatives 
    • NASCUS Summary
  • Transition to CECL 
    • NASCUS Summary
  • Capitalization of Interest in Connection with Loan Workouts and Modifications
    • NASCUS Summary
• May 2021
  • Policy for Setting the Normal Operating Level NCUSIF
    • NASCUS Summary
    • NASCUS Comment Letter
• April 2021
  • Extent to Which Model Risk Management Principles Support Compliance with BSA/AML & OFAC
    • NASCUS Summary
  • Temporary Regulatory Relief in Response to COVID-19-Prompt Corrective Action
    • NASCUS Summary (Interim Final Rule Summary)
    • NASCUS Comment Letter
    • Corresponding Letter to Credit Unions Summary
• March 2021
  • Central Liquidity Facility
    • NASCUS Summary
    • NASCUS Comment Letter
  • Asset Thresholds (Parts 700, 702, 708a, 708b, & 790)
    • NASCUS Summary
    • NASCUS Comment Letter
  • Loans in Areas Having Special Flood Hazards; Interagency Questions and Answers Regarding Private Flood Insurance
    • NASCUS Summary
  • Joint Ownership Share Accounts (Part 745)
    • NASCUS Summary
  • Corporate Credit Unions (Part 704)
    • NASCUS Summary
• February 2021
  • Capitalization of Interest in Connection With Loan Workouts and Modifications
    • NASCUS Comment Letter
  • Role of Supervisory Guidance (Part 791, Subpart D)
    • NASCUS Summary
    • NASCUS Comment Letter
  • ANPR, Simplification of the RBC Requirements (Parts 702 & 703)
    • NASCUS Summary
    • NASCUS Comment Letter
  • Proposed rule: CAMELS Rating System
    • NASCUS Summary
    • NASCUS Comment Letter
  • Proposed rule, Risk-Based Net Worth — COVID 19 Relief; Complex credit union threshold (Part 702)
    • NASCUS Summary
    • NASCUS Comment Letter
  • NCUA 2021 Regulatory Review
    • NASCUS Summary
    • NASCUS Comment Letter
• January 2021
  • Proposed Rule: CUSOs (part 712)
    • NASCUS Summary
    • NASCUS Comment Letter
  • Request for Information, NCUA Communications & Transparency
    • NASCUS Summary
    • NASCUS Comment Letter
  • NCUA Proposed Rule BSA Part 748
    • NASCUS Summary
    • NASCUS Comment Letter
  • Final rule, Temporary Regulatory Relief in Response to COVID-19 — Extension
    • NASCUS Summary

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Letters to Credit Unions

• December 2021
  • 21-CU-16 Relationships with Third Parties that Provide Services Related to Digital Assets
• November 2021
  • 21-CU-13 Subordinated Debt Final Rule 
  • 21-CU-12 Internal Revenue Service’s Volunteer Income Tax Assistance Program Collaboration Opportunities
• October 2021
  • 21-CU-11 Emergency Capital Investment Program
  • 21-CU-10 Interagency Statement on LIBOR Transition
• September 2021
  • 21-CU-09 Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs
• August 2021
  • 21-CU-08 Implementation of Modernized Systems
  • 21-CU-07 Capitalization of Unpaid Interest
• July 2021
  • 2021 21-CU-06 NCUA to Implement Phase One of Resuming Onsite Operations
  • 21-CU-05 Interagency Statement on the Issuance of the AML/CFT National Priorities
• June 2021
  • 21-CU-04 Renewal of PCA Relief
• May 2021
  • 21-CU-03 LIBOR Transition
• January 2021
  • 21-CU-02 NCUA’s Supervisory Priorities for 2021
  • 21-CU-01 Summary of Consolidated Appropriations Act 2021

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Regulatory & Risk Alerts

• 2021 Risk Alerts  
  • 21-RISK-01 Business Email Compromise through Exploitation of Cloud-Based Email Services
• 2021 Regulatory Alerts  
  • 21-RA-10 2022 Truth in Lending (Regulation Z) Annual Threshold Adjustments (Credit Cards, HOEPA, and Qualified Mortgages)
  • 21-RA-07 Equal Credit Opportunity Act (Regulation B)
  • 21-RA-04 HMDA Data Collection Requirements for Calendar Year 2021
  • 21-RA-03 Submission of 2020 Home Mortgage Disclosure Act Data

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Testimony

• December 2021: President and CEO Lucy Ito Testifies on OTR During the 2022 NCUA Budget Briefing