2022 NCUA Summaries

Summary Guidance: Interagency Question and Answers Regarding Flood Insurance Prepared by NASCUS Legislative & Regulatory Affairs Department May 2022 NCUA, together with the OCC, Federal Reserve Board, the FDIC, and...

Joint Proposed Rule Summary: Rules of Practice and Procedure NASCUS Legislative and Regulatory Affairs Department | May 14, 2022 The NCUA, OCC, FDIC, and Federal Reserve have published a joint...

Letter to Credit Unions 22-CU-06: NCUA to Begin Phase 2 of Resuming Onsite Operations April 2022 Based on new guidance from the Centers for Disease Control and Prevention (CDC) and...

Letter to Credit Unions 22-FCU-02: Final Rule on Definition of Service Facility March 2022 The final rule amending the definition of “service facility” for multiple common-bond FCUs became effective December 27,...

Temporary Regulatory Relief in Response to COVID–19 — Prompt Corrective Action (Part 702) April 2022 Prepared by NASCUS Legislative & Regulatory Affairs Department NCUA issued an Interim Final Rule (IFR)...

Proposed ONES Supervision Threshold (Part 702  Subpart C) Summary prepared March 20, 2022 NCUA has proposed changes to the threshold used to assign credit unions to the Office of National...

NCUA Risk Alert: 22-RISK-01 Heightened Risk of Social Engineering and Phishing Attack March 2022 The on-going conflict in Ukraine has raised concerns about potential cyberattacks in the U.S., including those...

Letter to Credit Unions 22-CU-05: CAMELS Rating System March 2022 The effective date of the CAMELS final rule is April 1, 2022. Federally insured corporate and natural person credit unions will receive...

Letter to Credit Unions 22-CU-04: Equal Credit Opportunity Act Nondiscrimination Requirements February 2022 The Equal Credit Opportunity Act  (ECOA) promotes the availability of credit to all creditworthy applicants without regard...

Letter to Credit Unions 22-CU-03: Special Purpose Credit Programs February 2022 NCUA’s LTCU outlines the interagency statement reminding creditors of the ability under the Equal Credit Opportunity Act (ECOA) and...

22-RA-03:  2022 Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold February 2022 The Consumer Financial Protection Bureau (CFPB) has published annual adjustments for asset-size exemption thresholds under the...

Letter to Credit Unions 22-CU-02 NCUA’s 2022 Supervisory Priorities January 2022 NCUA’s Letter to Credit Unions (LTCU) 22-CU-02 identifies the agency’s supervisory priorities for 2022, which include: Credit Risk Management...