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Treasury Announces 2nd ECIP Application Round

U.S. Treasury Announces Second ECIP Application Round; Applications Due Jan. 31 Jan. 25, 2023 — The U.S. Department of the Treasury’s second application round of Emergency Capital Investment Program funding...

Report calls for only federally insured CUs, banks to be stablecoin issuers

(Nov. 5, 2021) Payment stablecoins and their arrangements should be subject to a federal regulatory framework on a consistent and comprehensive basis through an act of Congress – including by...

BRIEFLY: FedNow on track; Treasury scales back balance reporting proposal; Tech giants providing payment services ordered to give up info

(Oct. 22, 2021) “FedNow” – the Federal Reserve’s much-anticipated (and delayed) round the clock payment system – will be ready “sooner rather than later,” Federal Reserve Bank President Esther George...

BRIEFLY: Welcome SingerLewak as latest associate member; Former Fed official to take Treasury office; NASCUS participates in FFIEC, SLC gatherings

(July 16, 2021) Welcome to accounting and consulting firm SingerLewak as the latest NASCUS associate member. Partner Sheila Balzer in the firm’s Denver operations is the leader for its expertise in state...

New reporting proposed for deposits inflow

(June 4, 2021) All deposit, loan and investment accounts at financial institutions (including credit unions) for persons and businesses would be subject to a $600 “de minimus” gross inflow reporting...

May 24 webinar set to explain capital investment program

(May 14, 2021) NCUA is encouraging credit unions to participate in a May 24 webinar explaining (and answering questions about) the U.S. Treasury’s Emergency Capital Investment Program (ECIP), which has...

BRIEFLY: Bureau rescinds ‘abusiveness’ policy; Liang tapped for Treasury post; Chopra nomination advances despite tie vote; Q&A proposed on private flood insurance

(March 12, 2021) A policy unveiled early last year by CFPB that limited the extent of the agency’s response to certain abusive acts or practices affecting consumers was rescinded Thursday,...