Also: CUs say reg burden restricts small biz lending; Debt ceiling, CFPB data breach, more to know this week
April 21, 2023
NCUA Board issues RFI on climate risk, gets legal analysis of interest rate ceiling ([link removed] )
The NCUA Board held its April meeting yesterday to discuss the agency’s analysis of federal credit unions’ permissible interest rate ceiling. NAFCU has consistently advocated for a floating interest rate ceiling to help mitigate interest rate risk during a difficult economic environment. The NCUA’s Office of General Counsel noted during the briefing that it’s “reasonable” to determine the Federal Credit Union Act allows for implementing a floating interest rate ceiling.
CUs say reg burden limits small biz lending ([link removed] )
NAFCU's latest Economic & CU Monitor – now available for download – shows credit unions’ participation in small business lending is restricted by regulatory burden, as well as the member business loan (MBL) cap. These findings come as the CFPB recently finalized its section 1071 rulemaking related to small business lending data collection.
5 things to know this week ([link removed] )
NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
Bluegrass, Barns, Bourbon, and BSA School! ([link removed] ) Louisville, KY August 15 – 17, 2023
Hear from experts on CIP, CDD, CTRs, SARs ([link removed] ) , and more!
Get the latest tips and information on BSA's anti-money laundering requirements and the regulations credit unions must comply with at NAFCU’s BSA School in the heart of the Kentucky Bluegrass this summer. View the full lineup of agenda topics ([link removed] ) . Hurry – all NAFCU conferences are selling out at a record pace this year!
LEARN MORE & REGISTER TODAY! ([link removed] )
Senators introduce NAFCU-backed bill to modernize notary regs ([link removed] )
Sens. Mark Warner, D-Va., and Kevin Cramer, R-N.D., introduced the NAFCU-supported, bipartisan Securing and Enabling Commerce Using Remote and Electronic (SECURE) Notarization Act (S. 1212) to allow for remote and electronic notary, among other things. The House passed its companion bill in March.
Existing home sales drop in March after February spike ([link removed] )
Existing home sales fell 2.4 percent in March to a seasonally adjusted annual rate of 4.44 million units, a stark contrast to the 14.5 percent rise in February. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the data in the latest Macro Data Flash report.
CU volunteers learn essential information at Board of Directors conference ([link removed] )
NAFCU's Board of Directors and Supervisory Committee Conference concluded yesterday, closing out a 4-day event designed to provide credit union board and supervisory committee members with the most up-to-date information to understand current and future trends and challenges.
Kennedy, Sherrodd reelected to NAFCU Board; official ballots to be sent April 26 ([link removed] )
The Nominating Ballot phase of the 2023 NAFCU Board elections has ended. Incumbent candidates Melanie Kennedy, Southwest Financial Federal Credit Union (Farmers Branch, Texas), and Stephanie Sherrodd, Sandia Laboratory Federal Credit Union (Albuquerque, N.M.), were uncontested, officially winning reelection for the Southern Region and Western Region three-year terms, respectively.
Untitled (167 × 300 px) (1) ([link removed] )
NAFCU CALENDAR ([link removed] )
APR
25
Expanding Your Credit Union's Reach: Strategies for Driving Personal Loan Growth with AI ([link removed] )
Complimentary Webinar
APR
26
The Critical First Hours: Modernizing Cyber Recovery and Resilience ([link removed] )
Complimentary Webinar
APR
27
Confidentiality, Collegiality and Collaborative Decision-Making: An Effective Board of Directors ([link removed] )
Webinar
MAY
2
Building Sound Hedging Strategies: Fundamentals and Best Practices to Manage Volatility ([link removed] )
Complimentary Webinar
MAY
17 - 19
CEOs and Senior Executives Conference ([link removed] )
Charleston, SC
MAY
30
CFPB - Data Brokers ([link removed] )
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