Regulators are gearing up to ask questions about how financial institutions are managing climate change risk. While NCUA to date has not published any specifics on the subject, there are plenty of documents from other [...]
Good or bad, people don’t enter the workforce with a fixed moral character. Employees can nurture their skills and abilities over time, molding themselves to be more ethical. This starts with the leadership in [...]
In a new message to member credit unions, NAFCU Senior Vice President of Government Affairs Greg Mesack called on credit unions to urge Congress to oppose the proposed IRS reporting requirement. Mesack noted that even [...]
Many credit union compliance professionals are familiar with Suspicious Activity Reports (SARs). Section 748.1(c) of the NCUA regulations, and section 1020.320 of the FinCEN regulations require a credit union to file a [...]
NAFCU’s CFO Summit is built by CFOs, for CFOs. If you’re a CFO, VP of Finance or Controller, your job responsibilities have been tested this past year and a half. As a top [...]
The Federal Reserve earlier this month announced that it will adopt the ISO 20022 message specification for the FedWire Funds Service, using a single-day implementation approach that leverages a controlled testing environment. The notice also [...]
NAFCU President and CEO Dan Berger Monday wrote to CFPB Director Rohit Chopra to address the Bureau's proposed rule to implement changes made by section 1071 of the Dodd-Frank Act and its likely effects as [...]
Rep. Drew Ferguson, R-Ga., introduced legislation that would block the IRS reporting requirements currently included in the fiscal year 2022 budget reconciliation package, the Build Back Better Act. The bill is co-sponsored by all Republican [...]
Author’s Note: Hi All—I want to take the time to introduce myself to the credit union community. My name is Justin White and I started at NAFCU in August 2021 as a Regulatory [...]
In a joint trade letter sent to Congress Thursday, NAFCU called on Congress to reject the proposed IRS reporting requirement under consideration in the budget reconciliation package, which is still making its way through Congress. [...]
Last week, the Consumer Financial Protection Bureau (CFPB) announced the filing of a complaint and proposed judgment against American Advisors Group (AAG) in the U.S. District Court for the Central District of California for [...]
For those who read my blog consistently, you know that I’ve mentioned before, effective leadership incorporates empathizing and focusing on those in your organization. Self-serving leadership, on the other hand, undermines empathy and instead [...]
On a seasonally adjusted basis, overall consumer prices rose 0.4 percent in September, with the Bureau of Labor Statistics reporting the overall consumer price index (CPI) grew by 5.4 percent over the 12-month [...]
If you spend enough time on YouTube, then you have seen your fair share of cute dogs and cats. Or maybe you prefer cooking videos or movie trailers. YouTube can be a great way to [...]
House leaders Tuesday passed a measure to extend the debt ceiling until early December by a 219-206 vote. The agreement, approved by Senate leaders late last week, sets up a busy December as Congress deals [...]
