21apr07 – Regulatory Report

What's up

[ October 22, 2026 ] OCC finalizes rule for crypto under GENIUS Act; more to come on waiver requests OCC
[ October 16, 2026 ] CU stablecoin activity reporting eyed for Q1 2027 call report; comments due Dec. 8 NCUA
[ October 15, 2026 ] Beige Book finds some economic growth – but consumer growth seems driven by higher-income households The Fed
[ October 15, 2026 ] NCUA targets fidelity bond/insurance, incidental powers, CLF in 12th reg relief round NCUA
[ October 15, 2026 ] Grant money available to help low-income credit unions deal with hurricane effects, more NCUA

Alleged phony PPP loan application led to purchases of late-model luxury cars, mortgage payments

April 7, 2021 0

Charges of fraudulently obtaining a $1.5 million loan meant to keep workers employed during the coronavirus crisis – but then using the loan proceeds to buy more than three dozen late-model luxury cars and pay […]

Citing pandemic challenges, CFPB proposes delay in new debt collection rules to late January 2022

April 7, 2021 0

Two debt collection rules currently slated to take effect this Nov. 30 would instead have a delayed compliance deadline of Jan. 29, 2022, under a proposal issued Wednesday to give those affected more implementation time […]