21june11

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Report critiques bureau’s fair lending reorganization

(June 11, 2021) Changes made during its reorganization have led to a loss of fair lending expertise at the CFPB, and other actions taken by the agency could lead to...

Marijuana/hemp eSchool wraps up

(June 11, 2021) Marijuana and hemp are the subjects of a three-day virtual conference, sponsored by NASCUS, which wraps up today after delving into a wide variety of subjects about...

States keep more than half of assets, which neared $2 trillion at end of 1Q21

(June 11, 2021) Credit union assets mushroomed to a total of just under $2 trillion in the first quarter of the year – and state-chartered credit unions kept pace with...

Letter underscores PCA relief renewal

(June 11, 2021) Actions taken by the federal credit union regulator in April – extending temporary provisions giving credit unions some regulatory relief from savings surges during the coronavirus crisis...

Summaries outline reg alerts on ECOA, QM

(June 11, 2021) NASCUS posted two other summaries this week, on NCUA-issued “regulatory alerts” over the last two weeks on the CFPB’s Regulation B (Equal Credit Opportunity Act, ECOA), and...

BRIEFLY: Transition – Farewell to VA’s Hughes after 41 years; Retiring Ito profiled in American Banker; Trades warn about more reporting; 2 weeks left to apply for CDRLF grants

(June 11, 2021) Congratulations to Virginia’s Robert “Bob” Hughes retired as deputy director of the State Corporation Commission Bureau of Financial Institutions on May 28 after 41 years of service...

AROUND THE STATES: TX regulator gets 12 more years

(June 11, 2021) With the signing by the governor of legislation giving the Texas Credit Union Department 12 more years to serve the state’s credit unions and members, the agency’s...