Making time to connect with your team
I wrote last week about how to best manage your time. We’re all busy – with emails, meetings, and regular tasks taking up our work hours, plus trying to balance the time in our personal [...]
I wrote last week about how to best manage your time. We’re all busy – with emails, meetings, and regular tasks taking up our work hours, plus trying to balance the time in our personal [...]
NAFCU Vice President of Regulatory Affairs Ann Petros called on the CFPB to rescind its proposed rule to reduce the credit card late fees safe harbor, outlining more than 20 pages of concerns about the [...]
NAFCU Regulatory Affairs Counsel Dale Baker sent a letter to the CFPB outlining concerns about recent notices from the bureau to credit unions that some data in Home Mortgage Disclosure Act (HMDA) Loan/Application Registers ([...]
Happy Wednesday! Here is a little fun fact to start your day… today is National Garden Meditation Day! Since it is still the middle of the work week, it may help you to recharge by [...]
As part of the CFPB’s required review of the mortgage loan originator rules under Regulation Z, NAFCU Regulatory Affairs Counsel James Akin offered support for the rules as they stand and recommended opportunities for [...]
Federal Reserve Vice Chair for Supervision Michael Barr released findings from the Fed’s review of Silicon Valley Bank’s (SVB) failure. In response to the insights, Barr said the Fed needs to strengthen its [...]
In recent weeks the NAFCU Compliance Team has heard from a handful of credit unions about a notice they’ve received from the Consumer Financial Protection Bureau (CFPB or Bureau) relating to the data they [...]
The Secure and Fair Enforcement (SAFE) Banking Act, which would provide greater clarity and legal certainty at the federal level for financial institutions to provide services to marijuana-related businesses (MRBs) in states that have legalized [...]
People always say, “time is money,” but that’s not true. Time is more important than money. Yes, money has its constraints – you can run out of it, but at least you have options to [...]
NAFCU’s advocacy team provided an update to the association’s Legislative Committee members Wednesday on efforts underway on Capitol Hill related to interchange, the CFPB, and digital assets. In addition, the association continues to [...]
The CFPB, Department of Justice, Equal Employment Opportunity Commission, and Federal Trade Commission issued a joint statement noting that automated systems, such as artificial intelligence (AI), can unlawfully discriminate and lead to a violation of [...]
I get it. You know your members very well. You know that when Mr. Greenleaf walks in for his weekly withdrawal, he prefers at least one hundred-dollar bill broken down into 5 twenty-dollar bills. You [...]
The credit union industry got its start 114 years ago when St. Mary's Cooperative Credit Association opened in Manchester, N.H. Today, over 135 million Americans choose credit unions to achieve financial well-being. Credit union [...]
NAFCU’s award-winning advocacy team was on Capitol Hill Friday briefing legislative staff members on the credit union difference, including basics on structure, share insurance, regulatory oversight, industry priorities, and how credit unions are committed [...]
The Federal Reserve Friday issued initial insights from the 2022 Federal Reserve Payments Study – a triennial review of payments data from 2018-2021. Of note, the value of core noncash payments increased 9.5 percent per [...]