Advocacy Works

Dec 10, 2020

NCUA Enhances Fraud Hotline; Allows Tips to be Submitted Electronically

The National Credit Union Administration (NCUA) is announcing several enhancements to the Fraud Hotline, which allows the public to report insider fraud concerns associated with credit union…

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Dec 9, 2020

The Compliance Hotline: Your Ongoing Member Benefit

Staying up to date and informed about the latest changes in compliance can be a struggle in the best of times. Staying up to date during…

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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: …

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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…

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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…

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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…

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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)…

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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…

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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…

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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,…

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