The Financial Crimes Enforcement Network (FinCEN) highlighted new efforts to combat business email compromise (BEC) scams – one of the most prevalent types of cyberfraud – at a FinCEN Exchange forum Tuesday. Suspicious activity reports (SARs) indicate [...]
NAFCU is offering five webinars in the next two weeks on key issues to help credit unions better prepare for challenges facing the industry. Of note, the association today has a webinar on how mergers [...]
As Tropical Storm Barry hits the Gulf Coast, the NCUA urged credit unions in its path to be safe and take precautions. There are a number of resources available to credit unions and consumers affected [...]
While cryptocurrencies and digital payments apps are all the buzz lately, the need for access to quick hard cash seems to never go away. Among the many great services that credit union’s provide, a [...]
Federal Reserve Chairman Jerome Powell – during testimony Thursday before the Senate Banking Committee – answered questions about the development of a real-time payments system. NAFCU has worked to ensure credit unions' perspective on a safer, faster [...]
The title of this blog post might seem a little counterintuitive. After all, it is our duty as leaders to ensure our organizations and companies are working toward their mission and ultimately achieving results. We [...]
Happy Friday, compliance friends! As we are all painfully aware, there are many regulations that mandate specific disclosure requirements (disclosures are our favorite, right?). Among these regulations are NCUA’s advertising rule, Truth in Savings, [...]
The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Financial Accounting Standards Board (FASB) issued a NAFCU-sought proposal, which would delay [...]
The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Federal Housing Finance Agency (FHFA) submitted its Annual Report to Congress. In the report, the agency [...]
The National Association of Federally-Insured Credit Unions’ (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt released the following statement after the Federal Communications Commission (FCC) voted to pass a declaratory ruling [...]
The National Association of Federally-Insured Credit Unions (NAFCU) will host more than 1,300 credit union leaders and industry professionals at the Ernest N. Morial Convention Center in New Orleans, La., June 18 – 21, 2019, [...]
The National Association of Federally-Insured Credit Unions’ (NAFCU) President and CEO Dan Berger issued the following statement after Senator Thom Tillis, R-N.C., introduced the Continued Encouragement for Consumer Lending Act (S.1564), which requires [...]
The National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt issued the following statement after the Consumer Financial Protection Bureau (CFPB) announced plans to review its [...]
The National Association of Federally-Insured Credit Unions’ (NAFCU) Director of Regulatory Affairs Ann Kossachev issued the following statement after the Consumer Financial Protection Bureau (CFPB) issued a notice of proposed rulemaking on third-party debt collection: “[...]
