Dec 9, 2020
NCUA Board Announces 2021 Meeting Schedule
The National Credit Union Administration Board released its monthly meeting schedule for 2021. Open Board meetings are scheduled to begin at 10 a.m. EST on the following dates: …
Advocacy Works
Dec 7, 2020
NCUA Releases Q3 Call Report Data, Credit Unions Continue to Grow Membership
The data from the National Credit Union Administration’s (NCUA) third quarter call reports, ending September 30, shows the financial performance of federally insured credit unions…
Dec 4, 2020
CrossState Submits Comment Letter to CFPB Regarding Equal Credit Opportunity Act
CrossState Credit Union Association recently submitted a letter to the Consumer Financial Protection Bureau (CFPB) commenting on the Request for Information (RFI) regarding the Equal Credit Opportunity Act (ECOA). “Question 8…
Dec 4, 2020
Defense Authorization Bill Released Without Banker-sought Provision to Expand Military Base Access, Includes BSA/AML Reforms
House and Senate lawmakers yesterday unveiled the compromise National Defense Authorization Act for Fiscal Year 2021 (NDAA) without a provision that would allow certain banks to obtain…
Dec 4, 2020
NCUA Hosts COVID-19 Response Webinar
The National Credit Union Administration (NCUA) held a webinar providing an update on the agency’s response over the last ten months to the coronavirus (COVID-19)…
Dec 3, 2020
Updates Available in CrossState InfoSight
As mentioned in the previous newsletter, RISK Alerts & Resources has been added to CrossState InfoSight. To make sure you are seeing the latest information, be sure to…
Dec 2, 2020
Fed Announces Extension of its Lending Facilities
The Federal Reserve Board announced an extension through March 31, 2021, for several of its lending facilities that were generally scheduled to expire on or…
Dec 1, 2020
NCUA Chairman Testifies at Senate and House Hearings
National Credit Union Administration (NCUA) Chairman Rodney E. Hood testified during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on November 10,…
Dec 1, 2020
CFPB Announces Advisory Opinion Programs
The Consumer Financial Protection Bureau (CFPB) issued its final Advisory Opinions Policy to establish procedures whereby parties may submit requests for advisory opinions regarding any…
Nov 30, 2020
Agencies Issue Statement on LIBOR Transition
The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued a statement encouraging banks to cease entering into new contracts…