Administrative agencies – including the NCUA and CFPB – have released their spring regulatory agendas, which feature several items that NAFCU has been advocating for, as well as others that have already been introduced or included on [...]
The House and Senate are in session this week, NAFCU's advocacy team continues to fight for industry priorities and the association will continue to keep credit unions informed of key regulatory and legislative updates. House [...]
Last week, the CFPB published a few frequently asked questions (FAQs) documents regarding consumer protection rules. This blog post from last week discusses the Regulation E FAQs document that was issued. Today’s blog will [...]
NAFCU has announced the results of its Board of Directors election. A new board member, Frank Mancini, President and CEO of Connex Credit Union (North Haven, Conn.), will fill the position of board member and [...]
On June 4, 2021 the CFPB published a new compliance aid – some frequently asked questions about Regulation E. Specifically, these FAQs address issues surrounding unauthorized use and investigations of these claims by members. As a [...]
Yesterday, NAFCU’s award-winning advocacy team monitored a Senate Banking Subcommittee hearing to examine the digital dollar. The hearing largely focused on ensuring privacy, security, and countering China’s attempts to become the reserve currency. [...]
The emergence of the coronavirus pandemic has tested our leadership abilities. As leaders, we often find ourselves taking on a new job responsibilities during times of crisis. Wise leaders look over the horizon to anticipate [...]
The Federal Reserve last week issued a proposed rule to govern funds transfers over its FedNow Service that would establish a new, comprehensive set of rules and set out legal rights and obligations of the [...]
Recently we blogged about various compliance considerations for credit unions dealing with ransomware. That blog published mere days after a major oil pipeline serving the Eastern United States was crippled by a ransomware attack, causing [...]
NAFCU’s Brad Thaler Monday wrote to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif., along with all House members, to call for support of a resolution to overturn the Office [...]
The Bureau of Labor Statistics reported non-farm payrolls increased 559,000 in May, and the unemployment rate fell to 5.8 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report [...]
In its May 2021 meeting, the National Credit Union Administration (NCUA) Board approved a final rule that amended its derivatives rule. A derivative is “a financial contract which derives its value from the value and [...]
Total vehicle sales fell from 18.8 million annualized units to 17 million annualized units in May. Monthly sales levels were up 40.3 percent year over year. NAFCU Chief Economist and Vice President of [...]
Happy Friday compliance friends! My name is Becky Harris, and I am one of two new Regulatory Compliance Counsels at NAFCU. This is my inaugural blog post, and I’d like to use my first [...]
Establishing trust is critical for aspiring leaders, and especially important to being an effective leader. Trust can be established through positively impacting the lives of your team. Three Star Leadership offers seven tips for leaders [...]
