NASCUS Report

Bank of America Puts Aside $200M for Probe into Bankers’ Use of Personal Devices

Bank of America (BAC.N) has set aside around $200 million for a regulatory matter connected to the unauthorized use of personal phones, its chief financial officer Alastair Borthwick said on...

MEMBER BENEFIT: 2022 State System Profile Database Released

As a benefit for all NASCUS members, this digital platform provides a searchable data catalog of state credit union regulatory agencies (structure, funding, examination programs) and key state credit union...

Annual Summit Hotel Block Closes Friday July 22nd

The National Association of State Credit Union Supervisors (NASCUS) invites you to join us at an exclusive event that brings state regulators, credit union leaders, and industry stakeholders together in...

Pierre Jay Nominations Open Until July 24th

The National Association of State Credit Union Supervisors (NASCUS) created the Pierre Jay Award to recognize individuals, programs, and/or organizations whose contributions have benefited the state credit union system in...

Federal Reserve Officials Warn Entrenched Inflation Poses ‘Significant Risk’

sCourtesy of Colby Smith, Financial Times Minutes from June meeting suggest even tighter monetary policy may be needed from US central bank. Top Federal Reserve officials think entrenched inflation is...

Member Benefit: FinCEN and CFPB Summaries

Financial Crimes Enforcement Network (FinCEN), Treasury ACTION: Advance notice of proposed rulemaking. No-Action Letter Process TOPIC: FinCEN is issuing this advance notice of proposed rulemaking (ANPRM) to solicit public comment...

US Expansion for Huobi a Step Closer After It Secures a FinCEN License

It says users in the United States can expect digital asset services to come in the future. A subsidiary of the Huobi cryptocurrency exchange called HBIT Inc has received its...

New Report Explores the Impact of Credit Card Line Decreases on Consumers

June 29, 2022 — When credit risk is on the rise, such as during an economic downturn, credit card companies may look at reducing consumers’ available credit limits to prevent...

Bitcoin Drops to Nearly $19K as Fed Renews Inflation Warnings

Jun 30, 2022 — Central bank leaders warned Wednesday that inflation is going to last longer than some estimated. Bitcoin fell toward $19,000 during Asian afternoon hours after central bankers...

Bank Policy Institute Offers Feedback on SEC’s Climate Disclosure Policy

Courtesy of Dave Kovaleski, Financial Regulation News June 20, 2022 — The Bank Policy Institute (BPI) offered feedback on the Securities and Exchange Commission’s (SEC) proposed climate disclosure policy, expressing...

Cornerstone League and Heartland Credit Union Association to Explore Merger

Jun 23, 2022 — Cornerstone and HCUA merger committees have begun the due diligence process. The Cornerstone League and Heartland Credit Union Association are exploring the possibility of a merger....

CFPB & FDIC BoD on the Amended Deposit Insurance Fund Restoration Plan and Revised Deposit Insurance Assessment Rates

One of the FDIC’s most important responsibilities is to prudently manage the Deposit Insurance Fund. The FDIC’s ability to credibly guarantee our nation’s insured deposits is vital for the stability...