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MCUA Comment Letters

NCUA Finalizes Rule on Derivatives

Jan
27
NCUA Finalizes Rule on Derivatives

The National Credit Union Administration (NCUA) Board adopted a final rule last week to provide limited derivatives authority for federal credit unions to mitigate interest rate risk (IRR), which the Missouri Credit Union Association (MCUA) supported in its Comment Letter, dated

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MCUA Comments on NIST "Critical Infrastructure" Cybersecurity Framework

Jan
07
MCUA Comments on NIST "Critical Infrastructure" Cybersecurity Framework

The Missouri Credit Union Association (MCUA) also recently submitted a comment letter on the National Institute of Standards and Technology’s (NIST’s) preliminary “critical infrastructure” cybersecurity framework.

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MCUA Comments to Federal Reserve Banks on Payment System Improvements

Jan
07
MCUA Comments to Federal Reserve Banks on Payment System Improvements

Missouri Credit Union Association (MCUA) recently submitted a comment letter to the Federal Reserve Banks on their “Payment System Improvement – Public Consultation Paper,” commending the approach taken by the Fed Banks and engagement with stakeholders to look into ways to improve the U.S. payment system. 

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CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

Dec
19
CFPB and NCUA Adopt Supplemental Rule on Appraisals for "Higher-Priced Mortgage Loans"

The Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA), and other federal financial regulators adopted a supplemental rule that amends Reg Z-changes made by a January 2013 final rule* regarding appraisals for “higher-priced mortgage loans” (HPML)— formerly referred to as “higher-risk mortgages.” For certain mortgages with an APR that exceeds the average prime of

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NCUA Issues Final Rule on Charitable Donation Accounts

Dec
17
NCUA Issues Final Rule on Charitable Donation Accounts

In its December 12 meeting, the National Credit Union Administration (NCUA) Board adopted a final rule regarding charitable donation accounts (CDA), the creation of which the Missouri Credit Union Association (MCUA) strongly supports.

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MCUA Comment Letter on Charitable Donation Accounts Proposal

Nov
13
MCUA Comment Letter on Charitable Donation Accounts Proposal

The National Credit Union Administration (NCUA) has posted the letters filed for comment on the charitable donation accounts proposed rule, which Credit Union National Association (CUNA), the National Credit Union Foundation (NCUF), and a number of leagues support in principle with a few improvements.

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MCUA Supports Proposed Exemptions from Appraisal Requirements for HPMLs

Sep
09
MCUA Supports Proposed Exemptions from Appraisal Requirements for HPMLs

On Monday, Sept. 9, 2013, the Missouri Credit Union Association (MCUA) filed a comment letter on a joint proposal that would provide additional exemptions from the appraisal requirements for “Higher-Priced Mortgage Loans” (HPMLs) under Regulation Z.

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MCUA Comments on Two FASB Proposals

Aug
27
MCUA Comments on Two FASB Proposals

On Friday, Aug. 23, 2013, the Missouri Credit Union Association (MCUA) filed comment letters on two separate Financial Accounting Standards Board (FASB) proposals, both of which were developed through FASB’s Private Company Council (PCC). MCUA generally supports both proposals as issued for comments. The proposals would allow private reporting entities—including credit unions—to elect alternative standards within U.S.

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MCUA Comments on NACHA's Latest Compliance & Operational Topics Proposal

Apr
08
MCUA Comments on NACHA's Latest Compliance & Operational Topics Proposal

The Missouri Credit Union Association (MCUA) has filed a comment letter on The Electronic Payments Association's (NACHA) latest compliance and operational topics proposal.

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MCUA Comments on FFIEC Social Media Use Guidance

Mar
25
MCUA Comments on FFIEC Social Media Use Guidance

The Missouri Credit Union Association (MCUA) has submitted a comment letter about social media guidance to the Federal Financial Institutions Examination Council (FFIEC).

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