News stories tagged NCUA
Regulators ramp up guidance on LIBOR transition
(Oct. 22, 2021) Actions credit unions, banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate were outlined in joint...
CUSO rule expanding powers adopted – yet again by 2-1
(Oct. 22, 2021) In yet another split decision over the issue, a final rule giving CUSOs the power to originate any type of loan an FCU may originate – and...
MDI mentoring grant round open through Oct. 29
(Oct. 15, 2021) Credit unions with both minority depository institution (MDI) and low-income (LICU) designations may apply now, through Oct. 29, for NCUA’s mentoring grants worth a total of $100,000,...
Contentious CUSO proposal up for consideration by NCUA Board
(Oct. 15, 2021) Finalizing a proposed – and contentious — rule on expanded lending and services provided by federal credit union (FCU) credit union service organizations (CUSOs) highlights the scheduled...
Webinar set to walk credit unions through ACET
(Oct. 15, 2021) Describing a new set of tools it has developed to promote digital safety as a “holistic cybersecurity resource” for credit unions, NCUA has scheduled an Oct. 28...
Bias in home appraisals focus of session
(Oct. 15, 2021) In other NCUA webinar developments, the agency said this week that, on Oct. 27, it is hosting an event focusing on bias in home appraisals and the...
Summaries outline letter, alert, and proposed rule
(Oct. 8, 2021) Three new summaries were posted by NASCUS this week on: An NCUA regulatory alert on credit union credit card data submission to the CFPB; an NCUA letter...
4 recommendations made to improve NCUA IT investment
(Oct. 8, 2021) Four recommendations to improve NCUA’s information technology investment management program are laid out in a report from the agency’s office of inspector general (OIG), made public this...
BRIEFLY: Chopra confirmed as CFPB director; Ito on diversity panel
(Oct. 1, 2021) Rohit Chopra is now the permanent director of the CFPB, with a five-year term, thanks to a 50-48 vote by the Senate on Thursday. He took a...
CUs on notice: start submitting card data to CFPB
(Oct. 1, 2021) Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the CFPB’s website for collecting credit card information,...
A five-member NCUA Board? Maybe; Harper outlines up, downsides in hearing
(Oct. 1, 2021) While not outright supporting the idea of an expanded NCUA Board membership, the chairman of the current board noted that there are some upsides to the idea...
Expiring homeowner protections outlined in letter
(Oct. 1, 2021) “Critical information” for compliance with expiring pandemic-era protection programs for homeowners are addressed in a letter to credit unions from NCUA this week. The letter (LTCU 21-CU-09),...