21apr16

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Marijuana/hemp e-school highlights ed events ahead

(April 16, 2021) Mark your calendars for a series of education events coming up in the next couple of months, particularly a three-day virtual event in June focusing on marijuana...

UPDATED: Agency adopts rule extending reg relief due to savings surges

(April 16, 2021) In a development Friday morning, the NCUA Board announced it had adopted an interim final rule (IFR) by notation vote that reduces the earnings retention requirement for credit...

ON THE (virtual) ROAD: In AZ

(April 16, 2021) NASCUS President and CEO Lucy Ito was on the virtual road this week meeting with First Credit Union of Chandler, Ariz. Calling itself Arizona’s “original” credit union...

Agencies seek feedback on BSA/AML guidance

(April 16, 2021) NCUA and other federal agencies are seeking feedback on how well four-year-old guidance for complying with anti-money laundering and Bank Secrecy Act (AML/BSA) requirements is working for...

Summary looks at info request on use of AI

(April 16, 2021) A request for information (RFI) about how credit unions and banks use artificial intelligence (AI) in their activities, including fraud prevention, personalization of customer services, credit underwriting,...

BRIEFLY: New comms staffer at NCUA; Hiring of people of color up at agency; LIBOR legacy contract legislation advocated; Biden reportedly preparing order to assess climate change ‘financial risk’

(April 16, 2021) Samuel Schumach was tapped as deputy director for external affairs and communications at NCUA this week by agency board Chairman Todd Harper. Schumach previously served as legislative...

TRANSITIONS: Permanent commissioner in MN

Grace Arnold is now the permanent commissioner of the Minnesota Department of Commerce, as appointed by Gov. Tim Walz (D) Thursday. She replaced Steve Kelley in the role. As commissioner,...

CFPB’s bulletin on foreclosure expectations outlined

(April 16, 2021) In another summary prepared this week, NASCUS outlines a bulletin issued by the bureau April 6 detailing its expectations for mortgage servicers’ engagement with borrowers in the...