Nominees – Regulatory Report

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November 29, 2020 0

July 3, 2019 0

Agency extends temporary provisions giving reg relief to credit unions seeing savings surges during pandemic

April 16, 2021 0

Temporarily reducing the earnings retention requirement for credit unions classified as adequately capitalized, and permitting an undercapitalized credit union to submit a streamlined net worth restoration plan if it becomes undercapitalized predominantly because of share growth during the coronavirus crisis, [...]
$75k civil money penalty over employee’s Ponzi scheme involvement eyed in recent OCC orders

April 16, 2021 0

A notice of charges for a prohibition and assessment of a $75,000 civil money penalty for a former bank employee who allegedly aided a Ponzi scheme is among the nine enforcement orders released Thursday by the Office of the Comptroller [...]
CFPB updates debt collection rule small-entity compliance guide

April 16, 2021 0

Updates to the small entity compliance guide addressing December revisions to fair debt collection rules were announced in an email Friday by the Consumer Financial Protection Bureau (CFPB). The rules, which implement the Fair Debt Collection Practices Act (FDCPA), were [...]
NCUA Board to be briefed on cybersecurity, PCA interim final rule

April 15, 2021 0

The April 22 virtual open meeting of the governing board of the federal credit union regulatory agency will include two briefings but no action items, according to the agenda posted Thursday. The board is set to receive briefings on a [...]