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[ July 30, 2021 ] Nov. 30 will be effective date for debt collection rules after all (not extended to Jan. 29) CFPB
[ July 30, 2021 ] June money penalties included $30k for flood insurance violations, $35k for misappropriating funds, FDIC orders show FDIC
[ July 30, 2021 ] Fed seeks candidates for Insurance Policy Advisory Committee The Fed
[ July 30, 2021 ] Two former credit union officials prohibited for embezzlement, misappropriation of funds NCUA
[ July 29, 2021 ] FDIC, OCC issue FAQs on LIBOR transition’s impact on reg capital instruments FDIC

Mortgage Servicing Rights

January 13, 2021 NCUA, Regulation lookup 0

Title:	Mortgage Servicing Rights
Subject:	Investments
Agency:	NCUA
Status:	Proposed rule
Summary:	The NCUA Board (Board) proposes to amend its investment regulation to permit federal credit unions (FCUs) to purchase mortgage servicing rights from other federally insured credit unions under certain conditions. Under the proposed rule, eligible FCUs may purchase the mortgage servicing rights of loans that the FCU is otherwise empowered to grant, provided these investments are consistent with safety and soundness and made in accordance with the FCU’s policies and procedures that address the risk of these investments and servicing practices.
FR Doc:	2020-28278
Date proposed:	Dec. 22, 2020
Comments due date:	Feb. 1, 2021
Effective date:
Rule compliance date:
Agency release:
Related Reg Report item(s):	Credit union regulator extends loan participations temporary rule, issues trio of proposals, sets savings insurance fund operating level

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Nov. 30 will be effective date for debt collection rules after all (not extended to Jan. 29)

July 30, 2021 0

After finding that an effective date extension of two final rules under fair debt collection laws is unnecessary, the federal consumer financial protection agency Friday said the rules would take effect, as originally planned, on Nov. 30. In a release, [...]
June money penalties included $30k for flood insurance violations, $35k for misappropriating funds, FDIC orders show

July 30, 2021 0

A $30,000 civil money penalty (CMP) assessment against a bank related to flood insurance violations and a $35,000 penalty against a former bank employee – who never responded or sought a hearing on the charges – were among the 15 [...]
Fed seeks candidates for Insurance Policy Advisory Committee

July 30, 2021 0

People who are insurance experts and want to serve on the Federal Reserve Board’s Insurance Policy Advisory Committee (IPAC) have from Aug. 2 to Oct. 4 to submit their “statements of interest” in being considered, according to a solicitation notice [...]
Two former credit union officials prohibited for embezzlement, misappropriation of funds

July 30, 2021 0

A former manager of a Kansas credit union and an employee of a New Mexico credit union were subject to prohibition orders in July, the federal credit union regulator said Friday, the former after being charged with stealing nearly $600,000, [...]

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