2020 NCUA Summaries

Letter to Credit Unions 20-CU-19: Additional Guidance Regarding Servicing Hemp-Related Businesses June 2020 NCUA has issued an update to guidance for credit unions related to serving Hemp businesses. The original guidance,...

Letter to Credit Unions 20-CU-18: PCA Regulatory Relief Measures in Response to the COVID-19 Pandemic June 2020 In May, 2020, the NCUA Board approved changes to the Prompt Corrective Action (PCA) requirements in...

Regulatory Alert 20-RA-05 Remittance Transfers under the EFT Act June 2020 NCUA’s Regulatory Alert provides credit unions information regarding changes to the CFPB’s Remittance Rule (Regulation E) which implements the Electronic...

Letter to Credit Unions 20-CU-17 Update to Offsite Examination and Supervision Approach May 2020 NCUA is updating its supervisory approach implemented in response to the COVID-19 crisis and originally announced...

Letter to Credit Unions 20-CU-16 Low-Income Designations: Qualification of Military Personnel May 2020 NCUA has announced it is changing the agency’s approach to determining whether a credit union qualifies for...

Letter to Credit Unions 20-CU-15 Principles for Making Responsible Small-Dollar Loans May 2020 NCUA issued LTCU 20-CU-15 to discuss interagency guidance issued together with the Federal Reserve System, FDIC, and...

Regulatory Alert 20-RA-03 CFPB Issues Interpretive Rule on Waiver of TRID and TILA Waiting Periods May 2020 NCUA’s Regulatory Alert discussed the CFPB’s interpretive rule clarifying when consumers can elect...

Regulatory Alert 20-RA-04 CFPB Increases Reporting Thresholds Under HMDA May 2020 NCUA’s Regulatory Alert discusses the May 12, 2020 CFPB final rule amending parts of Regulation C which implement the Home Mortgage...

NCUA Final Rule: Part 722 Appraisals Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA has published a final rule amending Part 772 regarding appraisals for certain residential...

Letter to Credit Unions 20-CU-14 Establishment of CLF Agent Memberships May 2020 NCUA issued LTCU 20-CU-14 to announce that all 3,700+ credit union with assets less than $250 million may...

NCUA Interim Final Rule: Parts 702 & 723 PPP Loans & PCA and MBL Prepared by NASCUS Legislative & Regulatory Affairs Department May 2020 NCUA issued this interim final rule (IFR) to...

20-RA-02 Federal Reserve Board Issues Rule Allowing Credit Unions to Remove the Monthly Limit on Savings Withdrawals May 2020 NCUA has issued guidance to credit unions on issues related the...