21nov19

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Mortgage servicer ‘flexibility’ ceased

(Nov. 19, 2021) A flexible approach is ended for supervision and enforcement of certain mortgage servicing timing requirements initiated in spring, 2020, NCUA, federal and state banking and credit union...

Spending plan includes 48 new positions

(Nov. 19, 2021) One of the key expenses proposed in the agency’s 2022 operating budget is the addition of 48 full-time equivalency (FTE) positions, according to NCUA budget documents released...

CFPB reminds: mortgage disclosure data reporting adjusts

(Nov. 19, 2021) The threshold adjusts to 200 open-end lines of credit for reporting mortgage disclosure data at the start of the new year, CFPB reminded late last week. In...

NCUA proposes another increase in OTR to partially fund 2022 operations

(Nov. 19, 2021) A $345.3 million 2022 proposed budget, funded partially from an increased amount of funds transferred from the federal credit union savings insurance program, was posted this week...

BRIEFLY: FCU boards may continue to meet virtually; Fed gov cool to only CU, bank issuance of stable coins; Controversial OCC designee faces confirmation hearing

(Nov. 19, 2021) Flexibility for board meetings originally extended to FCUs during the height of the coronavirus crisis will be extended in the new year, NCUA said this week. In...

SAFE Banking Act hits snag in Senate

(Nov. 19, 2021) A new hurdle emerged in the Senate this week to legislation that would provide clarity to financial institutions seeking to serve legitimate cannabis businesses: disagreement about whether...

NASCUS 101 coming up Dec. 9

(Nov. 19, 2021) Just a reminder that Dec. 9 (at 2 p.m. ET) is the next NASCUS 101 — a free, short webinar where participants learn from the NASCUS team...

Report sees monetary policy, inflation, cyberattacks as risk drivers

(Nov. 19, 2021) Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued this week by the Treasury office tasked with conducting...

NCUA finalizes FCU ‘shared facility’ rule – with changes

(Nov. 19, 2021) Shared locations are service facilities for purposes of multiple common bond federal credit unions (FCUs) adding underserved areas to their membership bases, as are those with electronic...