CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact

News

Home » Comments on interest capitalization, BSA changes due in Feb.
Policy & Issues

Comments on interest capitalization, BSA changes due in Feb.

January 29, 2021
Member feedback improves BECU’s mortgage process

Comments are due in February on several proposals and rulemakings of interest to credit unions, including ones issued by NCUA, the Consumer Financial Protection Bureau (CFPB), Federal Communications Commission (FCC) and Federal Housing Finance Administration (FHFA).

A complete list of comment deadlines can be found in the “Actions” section of CUNA’s Advocacy webpage.

Comments due in February include:

  • Feb. 1: NCUA proposal on mortgage servicing rights, which permit federal credit unions to purchase mortgage servicing rights from other federally insured credit unions under certain conditions;
  • Feb. 2: NCUA proposal on capitalization of interest, which would remove the prohibition on the capitalization of interest in connection with loan workouts and modifications. CUNA submitted its comments Jan. 26;
  • Feb. 10: NCUA proposal to amend the chartering and field of membership rules to modernize requirements related to service facilities for multiple common bond federal credit unions;
  • Feb. 16: NCUA proposal on overdraft policy, which would modify the requirement that a federal credit union’s written overdraft policy establish a time limit, not to exceed 45 calendar days, for a member to either deposit funds or obtain an approved loan from the credit union to cover each overdraft;
  • Feb 18: FCC proposal to implement the TRACED Act to streamline the process by which private entities may submit information to the FCC about violations of the Communications Act;
  • Feb. 4: CFPB advance notice of proposed rulemaking to solicit comments to assist in developing a regulation on consumer access to financial records;
  • Feb. 22: NCUA proposal on Bank Secrecy Act modifications that would allow NCUA to issue exemptions from the requirements of that regulation; and
  • Feb. 28: FHFA advance notice of proposed rulemaking on potential changes to the regulation establishing housing goals for Fannie Mae and Freddie Mac.

 

Credit Union Magazine: Spring 2022

Spring 2022

Credit Union Magazine’s Spring 2022 edition profiles four Credit Union Heroes and examines CUNA's advocacy priorities, the advocacy army, and financial well-being for all.
Digital Edition •  Subscribe

Trending

  • FOM modernization bill passes House Financial Services Committee

  • House committee to mark up field of membership modernization bill

  • Final flood Q&As reflect CUNA-sought clarifications

Tweets by CUNA_News

Polls

Are you ready for CECL?

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and the only national association that advocates on behalf of all of America's credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2022 Credit Union National Association | ADA Compliance Notice & Legal
Email Us