20dec23

Featured Story

Rule outlines ‘detailed disclosures’ in collection communications

(Dec. 23, 2020) Debt collectors must provide, at the outset of collection communications, detailed disclosures about the consumer’s debt and rights in debt collection, along with information to help consumers...

Proposal would track virtual currency transactions

(Dec. 23, 2020) New requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status were proposed by the Treasury’s financial crimes arm today,...

OTR 2021 increase a sign for agency to reconsider expense allocation, Ito says

(Dec. 23, 2020) A 2021 budget of $341.4 million – with an overhead transfer rate (OTR) of 62.3% — was approved by the NCUA Board on a split vote of...

Bank regulators issue joint rule on security alerts

(Dec. 23, 2020) All three federal banking agencies late last week jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in...

Hauptman now vice chairman; names top adviser

(Dec. 23, 2020) A new title has been bestowed on the newest member of the three-member board for the NCUA, who is now “vice chairman,” according to a release from...

NASCUS MEMBER UPDATE: Invoices on way; NASCUS 365 in full swing; Last call for Pierre Jay Award nominations

(Dec. 23, 2020) NASCUS 2021 membership invoices NASCUS credit union and associate members were sent their 2021 membership renewal invoices Tuesday from [email protected]. Please contact NASCUS member relations staff if...

BRIEFLY: Waller joins Fed Board (nothing more yet on Shelton); Big banks pass stress test (but get no relief on capital); NCUA plans human trafficking webinar; NASCUS Report takes a break next week (see you again Jan. 8); Happy Holidays – and have a terrific New Year!

(Dec. 23, 2020) The Federal Reserve Board now has six (out of a total seven) members, as newest Gov. Christopher Waller joined the board after taking his oath of office...